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No, Legit Mining Inc is a multi-dimensional approach to mining in Cryptocurrencies that will deliver you a constant profit. He then prostelyzed his newfound opportunity to friends and family. Then the account disappeared, and the thief with it. Not only did he lose his money, but some of his friends no longer speak to him.
The entire cost of these types of Ponzi-style Bitcoin scams can be enormous. Celebrities and famous figures around the world all went to their Twitter accounts simultaneously to promote the same Bitcoin giveaway offer. Shockingly, it seemed too good to be true. As you probably guessed, the giveaway offers were all part of an unprecedented Twitter hack. These types of scams, though, are nothing new. Mike met a woman named Jenny on Tinder.
They struck up a relationship, texting on Tinder and WhatsApp. After about a month, Jenny told Mike that she had a good tip. Eventually the con grew deeper. Jenny persuaded him to move his money to a different exchange and to keep investing. Any claim of a guaranteed return, especially a very sizable guaranteed return, should always be treated as a scam. The reason why Bitcoin has risen so dramatically in value recently is because genuine investors believe they can sell it to someone else for a higher price at a future date.
Obsessed with Bitcoin. When you share information about Bitcoin scams, it can help the FTC investigate fraud methods and keep Americans aware of new scams. Was this article helpful? Send feedback to the editorial team Rate this Article.