0 sats \ 0 replies \ @BitcoinPhishing OP 15 Jul 2022 \ parent \ on: CFTC Plays Whack-A-Mole, Adds 34 Unregistered Foreign Entities To RED List bitcoin
Here's another example.
In the list from the CFTC:
Pocketoption
pocketoption.com
The scammer is already running on another domain, waiting for the day the main one gets taken down:
po.trade
What does being on the RED list mean?
Not really much of a damn thing.
For example, on the CFTCs list:
CryptoBO
cryptobo.com
It was active over two years ago. Here's a service that has a snapshot of the site from 2021:
Registered on GoDaddy.
Pretty much universal agreement that the site is shady / not a legitmate trading site, e.g.,:
Yet the site is still operational yet today.
Most of these are not real exchanges or investment platforms. Most are simply scammers that register a domain, then spin up a website that attempts to solicit investment or otherwise acquire fiat and/or bitcoin by way of deception.
The press release states that the RED list is now up to 202 entities. There are likely 202 or more new domains (entities) spun up each month. And essentially none of these 34 "entities" added today are stopped for one second -- they'll just spin up more sites.
Oh look, even in early days for SN there was a post about giveaway scams:
BitcoinOrg Hacked: Giveaway Scam Promising Users to Double Their BTC
#2422
https://cryptopotato.com/bitcoinorg-hacked-giveaway-scam-promising-users-to-double-their-btc/
And this post (by me) has good info:
Eradicating Giveaway Scams —No Easy And Effective Method Found
https://bitcointech.medium.com/eradicating-giveaway-scams-no-easy-and-effective-method-found-3ca4d556edf
And another one:
Saylor: we need an orange check program, powered by bitcoin & lightning, to combat spam, scams, & bots across all social media platforms.
#10338
https://twitter.com/saylor/status/1490019056036069377
Here's a prior post on SN in which this topic was discussed:
HN: YouTube crypto giveaway scams are out of control
#8210
https://news.ycombinator.com/item?id=29952915
There are hundreds of these every day, at least five to ten at any one time that haven't yet been taken down.
Public Service Announcement: Every hour my team reports 10-15 scammer YouTube videos impersonating me or @MicroStrategy that offer free bitcoin rewards. They pop up as fast as we can have them removed. ☹️Only trade #bitcoin on a legitimate exchange you trust.
And it's not just Michael Saylor that this happens to. It's also Elon Musk, Vitalik Buterin, Charles Hoskinson, Cathie Wood, Tyler and Cameron Winklevoss, CZ, and a dozen or so other influencers:
Youtube doesn't care. They hate bitcoin and may even relish that the "crypto" ecosystem is harmed by many Youtube users seeing these and thinking the entire "crypto" space is "scammy".
Twitter has the same problem -- bots running crypto scams. Elon Musk says that is his biggest problem with Twitter, after it having the lack of an edit button, and now that he has a seat on the board at Twitter they may start to do something about it.
And just today, he hinted that maybe Twitter has an incentive to let the bots run amuck ... as without them their metrics might show that Twitter is dying!
GENESIS