What can I do if I’ve been scammed out of bitcoins? Bitcoin transactions may be irreversible but there are steps you can take to ensure that someday it may be possible to recover your funds.
Taint the Receiving Address
How do I taint a scam bitcoin address? Is it possible to taint a bitcoin address? Yes! By reporting a scammers receiving bitcoin address(es) to BitcoinWhosWho.com you taint them and all future downstream transaction addresses. Forever. This allows anyone, including law enforcement, to monitor the addresses, and associated wallets, and take action when they are sent to crypto exchanges, Bitcoin ATMs and other known exit points.
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Your report to Bitcoin Whos Who can also help screen and potentially freeze future fraudulent transactions.
BitcoinWhosWho received dozens of reports over the last few days from multiple independent sources about a cloud mining scam called Crypterra finally exiting the building. The total received for all the 40 bitcoin addresses reported so far is 2,483.008684 BTC. Continue reading 2500 BTC Crypterra Exit Scam Reported→
Reports of a spam email threatening to reveal sensitive adult content to friends and family unless paid in bitcoin have been surging over the last few days. This bitcoin address was reported twice today alone! 1LEBKnvLEZk2cUfyJ1vU5FpueakWyh4m28
For the last 6 months BitcoinWhosWho has received scam reports relating to some version of an email claiming to have used the recipient’s computer to create a video of recipient visiting adult websites and threatens to send it to recipients’ contacts if not paid $200-$400 in BTC within 20-24 hours. It comes in many languages and has made consistent appearances in our scam reports since October 2017.
The total amount of bitcoin in circulation decreased by almost 9 in 2017 due to “burn” addresses. Burn addresses, like the Genesis Block, are deadlier than “zombie” addresses, because there is no chance of coming back once BTC is sent to it. There are almost 400 known bitcoin burn addresses, i.e. valid addresses with no private key, to which, for a variety of reasons, people have sent 2,759.42507135 over the years. In 2017, 9 of these addresses received 8.97140133 BTC. That is way down from 2016 when 26.04 BTC was burned. Continue reading 8.97 Bitcoins Burned In 2017→
BitcoinWhosWho received many cloud mining fraud reports in December, but aside from the NiceHash hack, none were more remarkable than the SierraHash cloud mining scam. This multi-million dollar fraud was pulled off in just three weeks! More than 86,000 transactions since November 16 with a total received balance of 177.46647418 BTC as of yesterday.
As anyone who’s been ripped off by a bitcoin scam artist can tell you, how you buy, sell, hodl or otherwise transact in crypto is a matter of who to trust with your private key.
The most trustworthy bitcoin exchange & wallet in the United States is Coinbase.com.
Founded in 2012, Coinbase is one of the oldest and largest bitcoin exchanges still in operation. In addition to bitcoin, they also facilitate transactions in Ethereum, Litecoin and recently began offering Bitcoin Cash. For beginners and experts looking for hassle-free storage and best-in-class security there is no better option.