Inventory of known Bitcoin scam

So I'm making a small inventory of well-known and less known Bitcoin scam, mostly so people know about them and avoid them. Scam 1 : The scammer sends some phishing email where he/she pretends to be someone from Ledger/Trezor/whatever. They warn the victim that their crypto are in danger and should be moved to a new address asap. The victim, if gullible and owner of a Ledger/Trezor/whatever, can fall for the trap and transfer their crypto to the address provided by the scammer. Scam 2 : Similar to scam 2, but instead of requiring that the Bitcoin be moved to a new address, the scammer says that the victim should give them their 12/24 words so they can protect the funds. You know the rest. Scam 3 : The scammer and the victim take contact in some p2p website for selling/buying bitcoins. The victim sends, let's say, 400$ to buy Bitcoins. The scammer doesn't receive the 400$ for now because they are held in escrow by the p2p website until the victim receives the BTC. The scammer sends the BTC to the victim's address but with a fee way too low for the transaction to be confirmed anytime soon. The transaction still appears in the victim's wallet as pending/unconfirmed. The unaware victim tells the p2p website that they receive the BTC. The p2p website sends the 400$ to the scammer. The scammer broadcasts a transaction where the exact same UTXO he sent the victim is now sent to himself, with a high fee, making the original transaction illegal on the blockchain. The victim never receives the BTC. Scam 4 : Very similar to scam 3, but this time, the scammer, still with a way too low fee, sends 4000$ in BTC to the victim (they "inadvertently" removed a zero after the decimal place). They ask the victim to please send them back 3600$ in BTC. The victim does. Once the scammer receives the 3600$ in BTC, they do exactly the same as in Scam 3. Scam 5 : With an AI, the scammer produces a video of Michael Saylor or whoever pretending that this is some kind of time-limited game where he will double any amount of BTC sent to some address. You know the rest. Scam 6 : Pig butchering : The scammer (a young girl in some Asiatic country) takes contact with a lonely and rich occidental man. They progressively gain the trust of the victim and convince them to buy some BTC over some legal platform (Kraken, coinbase, whatever). Then, the victim is convinced to send the BTC to some platform for some miraculous investment. Of course, the platform is a fake. You know the rest. If you can think of any scam different to the ones listed above, please share. And for the sake of your coins, think before you take action. Always. submitted by /u/Severe-Masterpiece61 [link] [comments]

Apr 4, 2025 - 13:21

So I'm making a small inventory of well-known and less known Bitcoin scam, mostly so people know about them and avoid them.

Scam 1 : The scammer sends some phishing email where he/she pretends to be someone from Ledger/Trezor/whatever. They warn the victim that their crypto are in danger and should be moved to a new address asap. The victim, if gullible and owner of a Ledger/Trezor/whatever, can fall for the trap and transfer their crypto to the address provided by the scammer.
Scam 2 : Similar to scam 2, but instead of requiring that the Bitcoin be moved to a new address, the scammer says that the victim should give them their 12/24 words so they can protect the funds. You know the rest.
Scam 3 : The scammer and the victim take contact in some p2p website for selling/buying bitcoins. The victim sends, let's say, 400$ to buy Bitcoins. The scammer doesn't receive the 400$ for now because they are held in escrow by the p2p website until the victim receives the BTC. The scammer sends the BTC to the victim's address but with a fee way too low for the transaction to be confirmed anytime soon. The transaction still appears in the victim's wallet as pending/unconfirmed. The unaware victim tells the p2p website that they receive the BTC. The p2p website sends the 400$ to the scammer. The scammer broadcasts a transaction where the exact same UTXO he sent the victim is now sent to himself, with a high fee, making the original transaction illegal on the blockchain. The victim never receives the BTC.
Scam 4 : Very similar to scam 3, but this time, the scammer, still with a way too low fee, sends 4000$ in BTC to the victim (they "inadvertently" removed a zero after the decimal place). They ask the victim to please send them back 3600$ in BTC. The victim does. Once the scammer receives the 3600$ in BTC, they do exactly the same as in Scam 3.
Scam 5 : With an AI, the scammer produces a video of Michael Saylor or whoever pretending that this is some kind of time-limited game where he will double any amount of BTC sent to some address. You know the rest.
Scam 6 : Pig butchering : The scammer (a young girl in some Asiatic country) takes contact with a lonely and rich occidental man. They progressively gain the trust of the victim and convince them to buy some BTC over some legal platform (Kraken, coinbase, whatever). Then, the victim is convinced to send the BTC to some platform for some miraculous investment. Of course, the platform is a fake. You know the rest.

If you can think of any scam different to the ones listed above, please share. And for the sake of your coins, think before you take action. Always.

submitted by /u/Severe-Masterpiece61
[link] [comments]