#Bitcoins Scams

[mostlysignssomeportents]

“Carbon neutral” Bitcoin operation founded by coal plant operator wasn’t actually carbon neutral

I'm at DEFCON! TODAY (Aug 9), I'm emceeing the EFF POKER TOURNAMENT (noon at the Horseshoe Poker Room), and appearing on the BRICKED AND ABANDONED panel (5PM, LVCC - L1 - HW1–11–01). TOMORROW (Aug 10), I'm giving a keynote called "DISENSHITTIFY OR DIE! How hackers can seize the means of computation and build a new, good internet that is hardened against our asshole bosses' insatiable horniness for enshittification" (noon, LVCC - L1 - HW1–11–01).

Water is wet, and a Bitcoin thing turned out to be a scam. Why am I writing about a Bitcoin scam? Two reasons:

I. It's also a climate scam; and

II. The journalists who uncovered it have a unique business-model.

Here's the scam. Terawulf is a publicly traded company that purports to do "green" Bitcoin mining. Now, cryptocurrency mining is one of the most gratuitously climate-wrecking activities we have. Mining Bitcoin is an environmental crime on par with opening a brunch place that only serves Spotted Owl omelets.

Despite Terawulf's claim to be carbon-neutral, it is not. It plugs into the NY power grid and sucks up farcical quantities of energy produced from fossil fuel sources. The company doesn't buy even buy carbon credits (carbon credits are a scam, but buying carbon credits would at least make its crimes nonfraudulent):

https://pluralistic.net/2023/10/31/carbon-upsets/#big-tradeoff

Terawulf is a scam from top to bottom. Its NY state permit application promises not to pursue cryptocurrency mining, a thing it was actively trumpeting its plan to do even as it filed that application.

The company has its roots in the very dirtiest kinds of Bitcoin mining. Its top execs (including CEO Paul Prager) were involved with Beowulf Energy LLC, a company that convinced struggling coal plant operators to keep operating in order to fuel Bitcoin mining rigs. There's evidence that top execs at Terawulf, the "carbon neutral" Bitcoin mining op, are also running Beowulf, the coal Bitcoin mining op.

This is a very profitable scam. Prager owns a "small village" in Maryland, with more that 20 structures, including a private gas station for his Ferrari collection (he also has a five bedroom place on Fifth Ave). More than a third of Terawulf's earnings were funneled to Beowulf. Terawulf also leases its facilities from a company that Prager owns 99.9% of, and Terawulf has *showered * that company in its stock.

So here we are, a typical Bitcoin story: scammers lying like hell, wrecking the planet, and getting indecently rich. The guy's even spending his money like an asshole. So far, so normal.

But what's interesting about this story is where it came from: Hunterbrook Media, an investigative news outlet that's funded by a short seller – an investment firm that makes bets that companies' share prices are likely to decline. They stand to make a ton of money if the journalists they hire find fraud in the companies they investigate:

https://hntrbrk.com/terawulf/

It's an amazing source of class disunity among the investment class:

https://pluralistic.net/2024/04/08/money-talks/#bullshit-walks

As the icing on the cake, Prager and Terawulf are pivoting to AI training. Because of course they are.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/08/09/terawulf/#hunterbrook

[river-taxbird]

SCAM ALERT: Cryptocurrency related but can affect trans people buying HRT. I was probably 10 seconds away from having money stolen and I know what I'm doing. (Crypto Clipper)

Today I was helping a trans friend order some DIY HRT. A lot of DIY HRT places only accept cryptocurrency for security reasons. I am not looking to promote cryptocurrency or anything associated with it, but if you may be forced to use it for HRT or other reasons, you need to know this.

In general if you are forced to use crypto, you should use the cheapest coin your supplier will accept. If it is cheap, that means there is not a lot of activity on the chain and energy use will be less. I used one called Zcash as it was the cheapest one the site accepted but that's not really relevant.

I used an old coinbase account I had used for similar situations in the past. I was doing it on her PC. I got the instructions to pay on the HRT site, and I pasted the wallet address into Coinbase and just before I hit send I noticed the wallet address I had pasted didn't match the wallet address I had copied.

I looked it up and found this is from a form of malware called a Crypto Clipper, that detects when you have copied a crypto address, and makes you paste a different one so it can steal your money. I am lucky I noticed. To remedy it, I installed the free trial of Malwarebytes on her PC to remove malware, and completed the crypto transaction on my PC, and confirmed that the wallet address matched what the HRT site had given me.

I managed to avoid falling for it but it's such an easy thing to fall for, especially if you have avoided crypto thus far for extremely understandable reasons. Be careful out there! It could happen to anyone.

[bitchesgetriches]

Investing in Cryptocurrency is Bad and Stupid

If you’ve been reading our blog for long, you probably could’ve guessed we think investing in cryptocurrency is bad and stupid.

And yeah, I considered using more expansive words like “unethical” and “speculative” instead of “bad and stupid.” Those words had precision, but lacked panache.

Our Patreon donors vote on potential article topics, and this month they wanted to read our thoughts on investing in cryptocurrency. So we get questions about it all the time! Which isn’t surprising. Relative to cash and traditional investment vehicles, crypto is new and confusing. To make matters worse, there’s so much hype surrounding it in the personal finance world that research feels like reading a data science textbook through a swarm of bees.

Mercifully, we’re not here to explain what crypto is, or how the mysterious blockchain technology works (others have done that intolerably boring work for us). Rather, we’re going to release you from caring about crypto in the first place!

So it’s our personal opinion that investing in cryptocurrency is bad and stupid, and you shouldn’t do it. Here’s why.

Keep reading.

Did we just help you out? Say thanks on Patreon!

[nothoughtsonlytrance]

Okay, I’m getting random people following me on Bluesky that I have no idea who they are or why they follow me in the first place since none of their content on their platform is related to my interests or sometimes they don’t have any content at all. Also I’ve had accounts that have followers in the thousands follow me and some of them either look like scam accounts or have posted content with AI!! 🙄😩 like, should I just mute and block them?? Cuz I don’t want anymore of this! Like I just wanna be oomfs with phans and other people who have my same interests! (Bluesky is @ayoitskr1sty.bluesky.social btw)

[gwydionmisha]

Cryptocurrency is a scam. The Republican plan is to drain our gold reserves to buy Bitcoin as a giveaway to some Trump donors. It will fuck up our economy long term for the benefit of a handful of very rich people.

Have something you want to tell your Congress Critters? If you can't safely contact them in person, here are some other options:

Call the Capitol Switchboard at (202) 224-3121 and ask to be connected to the representative of your choice. Here is one that will send your reps a fax: https://resist.bot/ To get your Critters' numbers to call direct: https://www.congress.gov/members/find-your-member

[miraz112]

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[captainwebgenesis]

How to recover lost money from scammers.

Captain Web Genesis Recovery was founded by Crypto Intelligence, Crypto Investigations, Asset Recovery and Offshore Legal Experts. With over 40 years of experience in these fields individually they came together to form a boutique Cyber and Crypto Intelligence Group focused on providing results.

[socialistexan]

Wake up babes, new Tumblr spam bots just dropped.

[the-witchhunter]

A coworker said the sentence “Mr beast got kids into cryptocurrency” earlier when I was wondering who a cryptocurrency themed slime ways designed for

And without looking it up I believe it but don’t want to and I don’t want to look it up because I don’t want to believe it

[thebsideofthings]

"The commodification of everything is exhausting. Living within the smothering confines of late-stage capitalism is a total nightmare with no escape in sight. It’s understandable why you’d want to cash in on something as peurile and absurd as a sex joke, but then everything becomes about the money. Rising out one jokes means you will inevitably have to start talking about literally anything else, from politics to activism to whatever the hot take of the day is. And it’s all for sale, much in the same way our lives are. Every home is a potential AirBnb, every car a possible Uber, and every Tik Tok clip your route to millions. If you’re lucky, have a decent head on your shoulders and good people around you, you can get through it without falling into absolute mania. But the chances are you’ll most likely end up surrounded by creeps like the Paul brothers who see a quick buck to be made and string you along for the ride. Maybe you’ll get an agent or publicist but usually you’ll be the one trying to figure out the scam from the safe call, and when you’re young, dumb, and full of spit, why wouldn’t you pick the thing everyone says will make you more money? This is not to strip Welch away from the responsibility she bears for being part of a supposed scam, but it is a reminder that the addictive trauma of celebrity corrupts at a record pace."

- "Spit On It: Anatomy of Hawk Tuah, a Microcelebrity Trend Gone Horribly Wrong" by Kayleigh Donaldson in Pajiba

[phneep]

Missed the boat with bitcoin?

[scamexposed1]

Exposing BKchaintop: GCC Litigation Fights for Justice Against the Latest Scam

In an era where digital currencies and blockchain technologies promise financial freedom and innovation, scams can lurk just around the corner, preying on unsuspecting investors. One such notorious scheme is BKchaintop, a platform that has recently come under fire for allegedly defrauding countless individuals. However, hope is on the horizon as GCC Litigation steps up to seek justice and compensation for the victims of this fraudulent operation.

The BKchaintop Scam

BKchaintop presented itself as a promising investment opportunity within the cryptocurrency realm, luring victims with promises of high returns and enticing features that seemed too good to be true. Many individuals, drawn by the allure of potential profits, invested significant amounts of money into this platform. Unfortunately, what they received in return can only be described as a financial nightmare.

As complaints mounted, it became increasingly clear that BKchaintop’s operations were deceptive at best. Many investors found their accounts frozen, withdrawals denied, and their hard-earned money vaporized into thin air. It took just a short time for the once-promising venture to reveal its true, fraudulent nature, leaving countless victims in its wake.

GCC Litigation: Championing Victims' Rights

Recognizing the scale of this scam and the devastating impact on innocent investors, GCC Litigation has launched a robust initiative to pursue justice on behalf of those affected. With a dedicated team of legal experts specializing in investment fraud, GCC Litigation is determined to hold BKchaintop accountable for its actions.

The firm is actively gathering testimonials from victims and compiling evidence that highlights the fraudulent practices employed by the platform. Their aim is not only to recover lost funds for individuals but also to ensure that those behind BKchaintop face legal consequences for their scam.

Seeking Compensation — What Victims Need to Know

Victims who have suffered financial losses due to BKchaintop are encouraged to come forward and seek representation through GCC Litigation. The firm emphasizes that regardless of the amount lost, every victim’s story matters and contributes to the broader case against the scammers. 

GCC Litigation is advocating for fair compensation and focusing on building a strong legal case that will stand up in court. They are also offering potential plaintiffs free consultations to assess their cases and discuss possible compensation avenues, ensuring that financial recovery is within reach for those impacted.

Conclusion: Stand Strong with GCC Litigation

BKchaintop's deceitful practices have disrupted the lives of many, but with GCC Litigation at the forefront, there is hope for justice and recovery. Victims of this scam can take solace in the resilience of the legal system and the commitment of professionals fighting on their behalf.

If you've been affected by BKchaintop, now is the time to step forward. Join the fight for justice and reclaim your financial future with the dedicated support of GCC Litigation. Stand strong, and remember: you are not alone in this battle.

[bitchesgetriches]

Investing in Cryptocurrency is Bad and Stupid

I know what you’re thinking: How could we say something so controversial, yet so brave?

Did we just help you out? Tip us!

[bitcoinrecoveryexpert]

BITCOIN SCAM RECOVERY SOLUTIONS - ULTIMATE HACKER JERRY

At Ultimate Hacker Jerry, Have a team of legal cryptocurrency investigators. The team is excellent at conducting extensive investigations. They have advanced software that classifies links between cryptocurrency addresses and entities. It assists in finding similar criminals, fiat on and off-ramps, and mixers. They create and document everything on these servers; in the form of intelligence for law enforcement cases. It helps with Bitcoin Recovery. It also assists in cases of ransomware, money laundering, terrorism financing, narcotics trafficking.

UHJ's detailed reports proved to be beneficial for the investigation and always lent a hand with judicial proceedings.

Their experts will help with the witness in the court; when it’s time to prosecute and recover the assets. Ultimate Hacker Jerry acts as a network connecting an exceptionally trained team with the investors who’ve lost their bitcoins and other cryptos along the way.

E-Mail (Support@ultimateshackjerry.com) Call or Whtsp  +1(520)282-7151) Visit website: ultimateshackjerry.com

THE HUFFINGTON POST

[bkfisher]

Lol my old birdapp account got invited to literal crime what a dumpster fire platform.

[dude-the-ancient-dragon]

WHAT THE FUCK ARE YOU SELLING YOU DUMB BASTARDS