❕NEWS – Fraud has moved over from Credit cards to the crypto world | Proxies-free

Before we all had to be very careful on the internet and with our credit cards as there were many fraud cases with regards to credit cars, however this has now moved to the crypto world. One of the major concerning facts about crypto is that it has an irreversible nature and it seems that the fraudsters are taking advantage of this.

This is different from a credit card, who when the criminal activity is noted, can be charge backed for a period of up to 18 months, whereas for bitcoin this is not possible. This makes bitcoin and other crypto the perfect prey for scammers and people are being warned to be very careful of these scams.

the most common scam is said to be trading, where you have to pay for a service and are never rewarded or refunded when you pay in crypto. To all those on this forum, please be careful of this moving forward. This is something that i felt was important to bring to the attention of all here.

fraud – Blockchain wallet showing 0 however app showing balance

So my blockchain desktop wallet is showing 0 balance whoever if o go in to the app i can see my bitcoin wallet balance. When again i click on the wallet it goes back to 0 in the app for some reason. Then if i go in to transfer within the blockachain app, my balance is shown in ROI Bitcoin. I try to send From Roi to my BTC wallet and it also shows my total spendable balance but once i want to proceed after following the recomended fee by the app i get this typ of error message Transaction Failed, i then clock on the info and it comes up with Attempt to invoke virtual method intjava.lang.string.length() on null object reference.
I have now run out of options and what is the most suspicious for me is that Blockchain support have been responding to my emails and have been asking me for different screenshots which sounded as they were actually investigating this however now they have just been ghosting me for weeks, If i submitt a new support ticket they respond but then again after realising its me again they ignore any of my emails.

Please can you someone came across this situation where Wallet balance was showing the amount within the App as ROI but werent able to use the coins and in the desktop app it is balance 0 ?

I litteraly do know who to go to since support are ignoring me.

Thanks

Insurance Fraud Prevention – General Forex Questions & Help

Fraud Costs Us All

The cost of insurance fraud nationwide for all insurance carriers and their customers is substantial. In fact, the Coalition against Insurance Fraud estimates that insurance fraud costs Americans $80 billion a year.

While we know that very few claims are fraudulent, we do take our obligation to our customers and shareholders seriously by guarding against the increased costs of fraudulent claims and other insurance transactions.

We all should be dedicated to the anti-fraud effort through fraud detection, investigation and cooperation with local law enforcement authorities. You can play an important role in that effort.

Be aware that someone or a group of individuals are circulating fraudulent correspondence containing counterfeit checks appearing to be genuine. Read on Malaysia/Hong Kong/Jakarta insurance fraud protection for more tips on Axis Capital, a group of companies with branches in Bermuda and many more. The counterfeit checks may accompany a letter that the recipient has won a lottery, sweepstakes, drawing or similar event.

In some cases, recipients receive a check in connection with a bogus job offer.

How the Scam Works

In lottery-type scams, the letter accompanying the check tells the recipient that he or she has won a large amount of money and to call a person listed in the letter. That person will instruct the recipient to cash the check enclosed with the letter and then wire a tax payment overseas to release the prize payment. The prize will never arrive and the recipient will eventually have to repay their bank the entire amount of the check cashed. The money wired is typically not recoverable.

In the job offer scheme, the job offer is bogus and the victim receives a counterfeit check that they are instructed to cash and then wire some money. Again, the wired money is typically non-recoverable and the bank will eventually ask the victim to repay the entire amount of the counterfeit check.

Both scams may get the victim to turn over personal identifying information like date of birth, social security number, bank numbers and the like, which may be used to conduct further crimes, such as identify theft, against the victim.

fraud – False PayPal regarding new phone number message?

I have just received a message from a false PayPal email account – service@paypal.com (looks genuine, but it is NOT) – with the message “You added new phone number to your account”.

Only I didn’t do that recently and the phone number in the email is not mine.

Here is a screenshot:

enter image description here

The email does not even have the footer information that genuine PayPal info have, starting with:

“Copyright © 1999-2020 PayPal. All rights reserved.”

Further more, clicking on the link in the email navigates to diagnolita.lt!!!

So, watch out for this, everyone, it is a fraud, by all appearances.

fraud – BTC – Mining Vulnerability and Future Consesus

In order for changes to the Bitcoin protocol to be made, 95% consensus must be achieved, otherwise a hard fork would need to occur? Is this the primary reason why changes to the core protocol are so difficult to make?

Not really – most recent changes have been made by using miner activated forks, which requires miners to vote on proposed changes. Only once a certain threshold is hit (which is very much configurable, and not fixed to something like 95%), the changes are activated.

That said, it is entirely possible to create upgrades without such voting – many other blockchains do it all the time. It’s simply a matter of the community agreeing that those changes are valid and not an attempt at an attack.

Even with 95% of miner support, if the broader community feels that recent changes are not in their best interests (such as the somewhat contentious segwit changes), they may choose to fork the chain at a point before the changes (as done by Bitcoin Cash).

You may find the answers to How is Bitcoin governed by mathematics? to be of interest here. Consensus is very different from governance, and one does not imply the other.

With regards to consensus mechanism, moving aside whether PoW/PoS/Other is the proper solution, since the vast majority of voting belongs to large mining pools why would they ever vote for PoS or another non-mining solution? It seems even if a superior consensus mechanism exists it is highly doubtful BTC would ever deviate without a hard fork?

Personally, I’d agree with that – any attempt to reduce the power of miners may result in them attempting to protect it.

However, at the end of the day, if the broader community moves to a different fork, the value will follow it. Any miners left on the other chain will be subject to vastly reduced economic incentives (BCH vs BTC price and adoption being a good example).

However, is it possible that a 51% attack could already be occurring and we have no idea?

One could potentially be happening right now, and our ability to detect it would be limited.

How do we know the mining operations aren’t in collusion already and have not already been double spending, etc? If fraudulent activity occurs would we actually ever know?

There are many research groups, exchanges, coin tracking firms, and other entities actively tracking such things – it is fairly easy to detect a double spend after the fact, especially if you were on the receiving side.

Additionally, a double spend attack on BTC would be very detrimental to the BTC price, which is not something most miners would be able to absorb. It is in their best interests to secure the chain, not attack it.

transaction fees – What are the costs of cryptocurrency fraud?

I have heard many claims that transaction volumes can be “faked” for cryptocurrencies, but I am skeptical about how this is possible. I want someone to walk me through the math describing what you need to believe in order to make money by boosting transaction volumes.

1] First, assume a constant velocity of money but a positive transaction cost t. Suppose t is relatively high. Is it possible to make money as a market manipulator? What would these profits be? Is there a point where t prevents you from making money as a manipulator?

2] Second, assume it is possible that coin velocity declines because momentum-driven speculators enter on news that prices rose due to “fake” transaction volumes from the market manipulator. What is the required velocity change as a function of the transaction cost t?

I am not sure whether I understand the math here, but I suspect that coin manipulation is possible. However, there is a point where t exceeds the possible change in coin velocity, which creates a limit to market manipulation.

❓ASK – Is there a way a btc address can be screened and cleared of any fraud? | Proxies-free

Yes, provided it appears in the news or you’ve seen it from some scammy socmed “giveaways”.

But why do you want it cleared of fraud, provided it doesn’t belong to you? Bitcoin can be “cleaned” by going through mixers so your Bitcoin sources might not be 100% clean. But that doesn’t make you a criminal because there have been so many TXs before this, unless you’re dealing with a large sum out of nowhere.
[/QUOT

fraud – Someone else created a wallet for me to use. Is this a scam?

Yes, it’s definitely a scam. As the old adage goes, “if it is too good to be true, it is too good to be true”. The Bitcoin wallet application that you are using is governed by a seed words and not the user ID/password for the online login. So, in your case the attacker created this wallet for you, noted down the seed words and told you to login. Now, if you change your password your account details are going to be shielded from the attacker, but your wallet details and control would still be in the attacker’s control. On the other side, the attacker is closely monitoring if you have deposited any bitcoins in the wallet, and as soon as he sees it, he is going to spend it.