We have collected four typical scams to remind you that Bitcoin is just cash , and you should take care to use it as real money: Carefully. Most frauds and scams don’t happen because of the technology involved but rather due to the underlying greed and callousness on the part of the users.
There is something about Bitcoin that attracts all kinds of scam artists and frauds. It even has the potential to turn secret service agents into thieves. Secret Service accounts theft
In December 2015 ex-Secret Service agent Shaun Bridges was sentenced to nearly six years in prison after pleading guilty to money laundering and obstruction charges in connection with the theft of more than $820,000 in bitcoinCT r: 8 from accounts connected to the Silk Road . Now the US government believes that he may have been involved with additional thefts from the now-defunct online dark market: "…the US had recently become aware of additional thefts of bitcoins from Secret Service accounts, the facts of which led the government to believe that Bridges, working with others, was also involved in these thefts." US District Judge Richard Seeborg, who presided over the case, remarked that from what he could see, this crime had been motivated by greed. “No departure or variance is warranted in this case,” he said. Greed and naivety feed thugs
Why Bitcoin attracts thugs? Very simply because of its very nature. You can remain anonymous while conducting Bitcoin transactions and there is no chargeback mechanism built into the virtual currency. We would like to emphasize here the word currency because it is akin to paying with cash. Reversals and chargebacks are more talk of the plastic money domain.
A study done by researchers at the Southern Methodist University in Texas , USA in January 2015 reveals a […]
