While bitcoin has seen a sudden price rise, unfortunately so has the number of scammers taking advantage of the positive in market conditions. While scammers are not new, in an highly unregulated market they thrive in taking on opportunities of those of us who are less informed, on the state of the players in industry.
We here at Blockchain Australia, feel the need to inform the general public of relevant news and those who are less than honorable people and organisations operating in this space. Which is unfortunate as they have contributed to the bad rap and press in the media of those who are doing great work in this industry. We have started a new segment to highlight reported scams known in this industry. Please check back to make sure you are informed on what is happening in the bitcoin community.
There are many different types of ways scammers can operate in this industry. Freelance writer Suraya Zainudin has put together a useful guide ‘The Complete Guide to Bitcoin Scams‘ that can give you an insight to avoiding possible fraudulent situations. But as always it is important to always be vigilant and do your own research. If something is too good to be true, it is very likely you should pay attention to your instincts, as that is likely to be the case.