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KingKets
Hello I'm New here!
Joined: 02 Feb 2018
Posts: 9
Location: Living in fancy-pants wonderland!!!
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Posted:
Tue Feb 20, 2018 11:11 am |
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Hi fellow baiters,
Does anyone have experience in baiting Cryptocurrency Ponzi schemes?
Can they at all be baited?
They operate in classic ponzi schemes, via MLM networks... |
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Robert Heinrich der 1.
Baiting Guru
Joined: 10 Oct 2010
Posts: 3877
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Posted:
Tue Feb 20, 2018 1:17 pm |
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hmmm, I'm not sure about that.
since a victim has to pay upfront in order to make money, it would qualify as some sort of advance fee fraud (but in a wide definition).
but I'm not sure how to bait. maybe by expressing interest in their service, and then delay stuff...
the big problems in that style of baiting.
it's MLM, that would qualify as one scammer and a horde of mules, who are victims themselves, but need to get other victims in order to earn money.
and if you receive bitcoins, etc, this would qualify as cashbaiting.
I'd stay away from them. |
_________________ Lagos - Accra - Kasoa (and back) 2x490km Lagos - Nairobi (and back) 2x ~5000km, Nairobi - Mbiri 2x130km on easter sunday, x12 , 6x Penisprint, Dai Teatime / Anderson Frank: but have been there since about 1hr plus no sign of them and was interrogated by the police and almost arrested
Team Eze, 2 lagos - cotonou and lagos - cotonou (he hated it).
The threatening is increasing day by day with different cursed of animals, and i don't know what to do now. ---- am angry for your head |
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KingKets
Hello I'm New here!
Joined: 02 Feb 2018
Posts: 9
Location: Living in fancy-pants wonderland!!!
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Posted:
Wed Feb 21, 2018 2:40 pm |
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Thx RH, they are also not your 1 braincelled lad asking for WU.
From what I've seen and investigated they are actually millionaires, setting up ponzi after ponzi after ponzi...
crf Ruja Ignatova
Would be awesome to take some on, but I have the same concerns regarding "how to bait" and "how to make sure no innocent people get involved"
Will keep my hands from this for now, but if any of you have a plan please PM me I'm hyper-motivated LOL |
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Sue Donym
Not quite a Newb
Joined: 28 May 2015
Posts: 57
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Posted:
Wed Feb 21, 2018 3:50 pm |
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What style of Ponzi is it? Does the original scammer (that is, whoever set the scheme up in the first place) personally recruit new members, or does he/she rely on early adopters to do the proselytising for him/her? If the former is the case, then perhaps you could get in touch with the head scammer and tell them that you are an influential member of the Bitcoin Talk (or similar) forums; you will promote their scheme for them and bring in plenty of new 'investors' (read: mass bait).
If the latter is the case, then things get rather greyer since, although they might turn a profit before it all collapses, the early adopters could still technically be victims/ITPs. Also, if the head scammer is the hands-off type, the scheme is probably website-only and fully-automated; either put your money in or sod off. In those cases, there's probably no meaningful contact between the scam's promoters and the scam's low-level victims/recruiters to speak of. This makes baiting very hard, though you could maybe go for a site kill in this case.
Not that I want to be 'that guy', but I thought we didn't go after HYIPs these days? |
_________________ X14
"You should go hug a transformer for una village." - Mr. Johnson L Mensah |
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Lord
Elite Baiter
Joined: 12 Sep 2017
Posts: 1584
Location: In Tarantinoverse
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Posted:
Wed Feb 21, 2018 4:48 pm |
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@KingKets PM me if you want. I am highly informed about ponzi as one of my closed friends was involved in one of ponzi schemes. So I can help somewhat.
It was really hard to get her out. |
_________________
x214
WELL THAT IS YOUR BUSINESS OLD FOOL GO AND ASK YOUR FUCKING STINKING OLD PUPSY MUGU GREEN BASTARD. - Mr David Mark
"I will fight with my last blood to make someone else the beneficiary of this fund. I never know you both are this stupid" UBA Bank fun with partyworm. |
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bware419ers
419Eater Admin
Joined: 25 Jun 2012
Posts: 21302
Location: Searching for the Platinum Piggie
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Posted:
Wed Feb 21, 2018 8:58 pm |
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B8er
Associate Boomdazzler
Joined: 16 Feb 2009
Posts: 13625
Location: In self-isolation practicing social distancing
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Posted:
Thu Feb 22, 2018 4:06 am |
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If you find a fake site and have the evidence that it is involved in a scam, then post it in Fake Banks (or on the AA419 forum). Although it isn't something that Eater deals with AA419 will add the sites to their DB and report them. |
_________________ "I DENOUNCE THE MUFFIN MEN" - Ma Kim
"YOU ARE WALKING DEAD MAN. YOUR WOODEN COFFIN IS READY TO SWALLOW YOU AND YOUR DIRTY GENERATION"
"all chaps are ass-less by design otherwise they just be leather pants" - jose_cuervo
x 5
x 335 🚽
x 4 x 1746 x 1904 - Fake cheques: $4,392,620.83
Team Woody - Ghana to Singapore - 11535km |
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Lord Ebola
Hello I'm New here!
Joined: 12 Mar 2018
Posts: 2
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Posted:
Mon Mar 12, 2018 3:40 pm |
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Hey, I'm new here but since I know a bit about cryptocurrencies(CCs) I wanted to chip in this to add something.
In my opinion, to this day all big crypto ponzi scams are usually new ICOs or shady CC exchanges that are hyped in some online communities to get a sizable initial investment and inflate the price of a new CC. Then the scammer crash it's own CC or leave with all the money deposited to the exchange overnight, leaving the victims empty handed. This is also kinda hard to detect because they usually are pretty professionnal for scammers, having believable projects and websites, those we usually know are scammers after the fact and might be next to impossible to bait. Real ponzis, where initial investors are remunarated with new investor's money are rare in crypto from what I know. Pyramids schemes might be a little bit easier to spot though...
The other thing that I see being problematic in baiting those kind of scams is that they probably are being run by experienced cyber-criminals. I think they usually have pretty good understanding of the technologies they are scaming with and all the internet ecosystem, making the risks involved in messing with them higher than your average "Windows Level 8 Certified Technician".
This reddit thread <Link removed. As you stated, these may or may not be scams. We require evidence they are.-bware419ers> has a good list of POTENTIAL pyramid or ponzi scams. Be very wary and investigate carefuly as they are not necessarily scams, like I said it can be very difficult to determine the real intentions of the owners of some CCs projects, especially when having a "Scambaiting" mindset.
The thing that is sure though, CCs are gaining a lot of traction and becoming more and more mainstream, so I would not be surprised if scams involving them become more obvious as the involvement needed to profit from them will go down with the increase of the potential victim pool. So keep your eyes peeled! |
_________________ - Looking for french speaking lads of all kinds, please PM me! - |
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Yves Laureen
Hello I'm New here!
Joined: 03 Apr 2018
Posts: 3
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Posted:
Tue Apr 03, 2018 2:45 am |
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I was the victim of a scam by a guy named name removed -Padme through a website, he stole my bank details and I do not want anyone else to fall into those traps. |
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Padme
Moderator
Joined: 27 May 2005
Posts: 7433
Location: The Rebel Base
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Posted:
Tue Apr 03, 2018 2:49 am |
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I've removed the name as we don't allow people to post names/numbers/emails and other identifying information without evidence of the scam. That said, as bware419ers pointed out, this isn't the sort of scam that we deal with here. |
_________________ "Your knife will surely cut off your head trust me. Useless man zombie."
"Shege danburuba, your end has come. The spirit of all the people you kill is after you now and you can not excape it. See you in hell dan esika."
x2 x6 x2 Acra>Sngpre Acra>Dkr>Rsso>Bmko>Kpndo>Ctnu -Team Woody
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Noah115
Not quite a Newb
Joined: 26 Jun 2018
Posts: 36
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Posted:
Sat Jun 30, 2018 2:14 pm |
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Well, I'm usually pretty resourceful! I may be new to this community, but I have been doing this for a while. Just get me some contact information, and I will give it a crack! ;P |
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Padme
Moderator
Joined: 27 May 2005
Posts: 7433
Location: The Rebel Base
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Posted:
Sat Jun 30, 2018 5:40 pm |
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As I wrote previously this isn't something we deal with here. Locking. |
_________________ "Your knife will surely cut off your head trust me. Useless man zombie."
"Shege danburuba, your end has come. The spirit of all the people you kill is after you now and you can not excape it. See you in hell dan esika."
x2 x6 x2 Acra>Sngpre Acra>Dkr>Rsso>Bmko>Kpndo>Ctnu -Team Woody
Akure>Kano -Amos
x8 x2 Owerri>Maiduguri>Owerri>Lagos>Lomé>Bmko>Kolokani Bmko>Nioro>Bmko>Timbuktu>Bmko>Youri Bmko>Mauritania>Kidira>Dakar>Jail -Team Godwin
's - assorted West Africa safaris, Cyril w/ Spindrift, France-Dublin w/ DSW
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