The cryptocurrency market has been at its peak for several years. Tens of thousands of traders from all over the world daily mine, trade tokens, make predictions and closely monitor the growth of the cryptocurrency rate on exchanges in order to increase their income. At the same time, the number of cases of fraud in this area has increased, since the legal receipt of profit from working in the cryptocurrency market is not recorded anywhere, therefore, it is almost impossible to prove your rights and protect your interests. This situation is actively used by cybercriminals, whose fraudulent schemes “fall” both experienced traders and beginners in this business. We have prepared for you the most popular methods used by scammers when exchanging cryptocurrencies and trying to convert dash to btc as well.
This scheme is considered the most popular for p2p exchanges. You have agreed with another trader to transfer any cryptocurrency to your account. You receive payment first with a specific amount. This is where the “salt” of the problem is, because attackers take advantage of people’s carelessness and trust. The payment may contain the code 2, 0003. You, without suspecting anything bad, agree to transfer from your account. But it turns out that scammers are “playing” with periods and commas. Instead of two point three thousandths, you send a transfer to two thousand and three.
Fraudsters often create fake exchangers. To do this, they develop a specific script and web pages. At first glance, it seems that this exchange does not raise any doubts. Attackers lure traders with colossally low rates, which are many times different from other rate indicators. As a rule, fake exchangers exist for several days. Having received the cryptocurrency, the scammers delete the site and continue to work in the same way. Users cannot complain about such exchangers and place them on the black list, since they are “dummy” and it is impossible to prove their existence after being deleted by an intruder.
Changes to the address of the exchanger
This is a popular scheme used on forums and social media. Attackers hack the addresses of managers of real exchangers, create their own accounts and communicate with users on their behalf. It is very difficult to notice the substitution, since the scammers conduct correspondence in the same style as the representative of the existing service.
Fraudsters often use the imperfections of the paypal payment system, which is why traders are skeptical about transferring bitcoins in this way. The fact is that a user can send bitcoin to another user, who in turn can cancel the payment for the transfer through paypal. It is impossible to dispute the actions of the user who canceled the payment, because paypal prohibits these transactions.
“Working” schemes from experts
As a rule, inexperienced businessmen who want to get rich quick and easy fall for this kind of fraud. How is it going? Attackers disguised as experts, experienced traders share earning schemes. For example:
- they recommend going to a specific exchanger #1 and changing funds to the Qiwi payment system. They use the name of a system that is supposedly trusted around the world;
- further, the scammers recommend exchanger # 2 and also pay on Qiwi. Everything seems to be fine, the user receives up to 10% of passive profit under this scheme and loses his vigilance. This is what scammers use.
- they recommend exchanger # 3, which is already a bogus. Thus, users lose all their cryptocurrency, hoping for the authority and reputation of the payment system and the expertise of “professionals”.
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