After falling for the latest bitcoin scam out there I am compelled to write about the number of bitcoin scams going on out there and the scammers behind them. selling sponsored posts  on the site with bitcoins.The individual asked for .40 worth of bitcoins for the sponsored post but I was able to convince him to accept .02 bitcoins.See a copy of the first bitcoin scam email I received below.Here’s first problem I failed to spot.Take a look at the email address the bitcoin scam was sent from. and is listed on the site as so.David Parker is legit.However, what is not legit is this David Parker from this email address.Can you spot the difference?But when the bitcoin scam email is sent, the correct website is listed in the body of the email with the fraudulent email address!RELATED: Roger Ver aka Bitcoin Jesus vs Hacker Nitrous – See What Happens Next!A few hours later after negotiating a lower rate for the sponsored post, I sent .20 bitcoins to the scam bitcoin address 1NzpPpSKJyFbpUruMkxF8FVm6huoUwhrLc.

Little did I know this bitcoin address was the address that would disappear with my bitcoins to the ‘never recover’ land.Forward to 9 days later. and contacted everyone listed on their contact page with a disappointing message.It was then that I was sent a post written weeks ago about the bitcoin scam artist falsely representing the real David Parker.I read the post and learned that I was not the only one to fall victim to that particular bitcoin scam.The same type of scam seems to be running around Coindesk as well.Someone pretending to be Shakil Khan (Coindesk’s owner) is sending emails regarding fake advertising spots.As a results, I decided to tell my story and create a list of bitcoin scams and scammers to help the bitcoin community identify and neutralize them!Please fell free to add to this list (on the comment page and we will move them to the list) any known bitcoin scam artist or bitcoin scams! with ‘s’ on coin(s)) ( with an ‘s’) Scam Bitcoin Address: 1NzpPpSKJyFbpUruMkxF8FVm6huoUwhrLc About Latest Posts Latest posts by Jonas Chokun (see all) Bitcoin Investment 2016: Is It Worth It?

Bitcoin Founder, Satoshi Nakamoto Net Worth Reaches $700 Millions!Caricoin Brings Bitcoin To The CaribbeanBitcoin a Ponzi Scheme, Fraud: Marathon’s Richards Feb.litecoin mining with intel gpu25 (Bloomberg) -- Bruce Richards, CEO at Marathon Asset Management, explains why he views Bitcoin as a Ponzi scheme and fraud on Bloomberg Television’s “Market Makers.” Most Recent Videoslogiciel pour bitcoinCanadian police in the municipality of Durham have issued a notice late last week warning the public about new fraudulent schemes involving bitcoin.litecoin mining profitability 2014According to a notice posted last week, the Durham Regional Police have been receiving a growing number of reports by Durham residents about fraudulent schemes based on bitcoin.litecoin owner

The scam involves fraudsters selling a money-spinning opportunity to victims with transactions involving the purchase and transfer of bitcoins through fraudulent cheques.bitcoin ransom attackAn excerpt from the public warning explains: Residents have reported being contacted by fraudsters after applying for jobs or responding to ads online involving a promise to make money.usb bitcoin mining device buyThe fraudsters send cheques to the victims and ask them to use the money to purchase Bitcoins–a virtual currency used globally.bitcoin utopiaThe scam takes shape when victims deposit the cheque or e-transfer the amount into their accounts, prior to buying and depositing bitcoin into the fraudsters’ account.litecoin minen mit asic

Their incentive is a portion of the money sent to them via the cheque.Inevitably, after victims buy bitcoins with their own money, the fraudulent cheque or e-transfer bounces.bitcoin online kopenThe regional police have not revealed any details or figures as to the number of victims falling prey to the scam.However, these scams have resulted in the loss of “several thousands of dollars” among victims in the Durham region, according to the law enforcement agency.Bitcoin scams have also reportedly taken shape in revenue agency scams where fraudsters purport to be government employees to ask for income tax payments, although no details have been revealed.Police are also urging victims who have lost money to such scams to call in.The authority is also reminding residents to discuss the information with “seniors or other vulnerable people” who do not have access to the warning on the internet.Scams promising bitcoin riches have netted swindlers at least $11m in the last four years, researchers have found.

Some 13,000 victims handed over their money unwittingly in 42 different scams over that time period, their data suggests.However, the total amount of funds cheated from victims over this period is almost certainly higher than the estimated $11m the research identified.A co-author of the research, Marie Vasek, said: "There are a lot of scams that we couldn't measure at all.There were scams we couldn't find or verify ...We think presenting our findings as they are, a lower bound, makes a lot of room for us and others to further quantify scams in this space."Vasek, who researches computer security at Southern Methodist University, co-wrote the paper with Tyler Moore, an assistant professor in computer science at the same institution.The paper, titled There's No Free Lunch, Even Using Bitcoin: Tracking the Popularity and Profits of Virtual Currency Scams, has been presented at the Financial Cryptography and Data Security conference taking place in Puerto Rico this week.This process required the researchers to painstakingly go through forum threads post by post, even translating messages that were written in languages other then English, as well as visiting the websites that scammers created to publicise themselves.

"We went through every single post to determine if the scheme was a scam, any associated bitcoin addresses with the scheme, and any associated scams," Vasek said.Using this method they found 349 scams, which were then whittled down to 192 deceptions after excluding phishing, malware and pay-for-click websites, which fall outside the scope of the study.The researchers then extracted bitcoin addresses linked to the frauds, enabling them to look at transactions from victims to fraudsters recorded on the blockchain.The paper groups scams into four categories: wallet software, exchanges, mining 'vapourware' and 'high-yield' investment programmes that operate as Ponzi schemes.The authors notably exclude the collapsed bitcoin exchange Mt Gox from their study because it's unclear if the platform was originally set up to defraud users or was simply poorly run."Being bad at running a business does not make you a scammer, even if many people accuse you of that on the Internet."The most lucrative scams were Ponzis, which yielded $7.3m to the fraudsters that the researchers were able to track.

Mining scams were next, generating $2.9m in ill-gotten gains for the cryptocurrency hustlers.Exchange and wallet scams, by comparison, yielded a paltry $455,000 and $360,000 respectively.The Ponzi schemes, which are called 'high-yield investment programs' (HYIPs) in the paper, come in three different flavours, ranging from 'traditional' programs to bitcoin-only variants.Moore has previously conducted research into HYIPs.Notably, it is the schemes that cross over from the traditional HYIP world to the bitcoin realm that are the most successful, the paper finds.Nine scams bagged $6.5m-worth of coins in the 12 months from September 2013.These include schemes like Leancy, Cryptory and Rockwell Partners.These 'bridge' HYIPs also keep the carousel going the longest, operating on average for 125 days before folding.Bitcoin-only schemes, like First Pirate Savings and Trust, by contrast run for only 37 days on average.The analysis also produced insights into what makes a scam successful.The deceptions that generated the most money did so by getting a handful of "big fish" victims to pay in the majority of the funds.