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Learn the story of someone sending $ 243,000 worth of Bitcoin to a fraudulent address


Yesterday we published an article on Bitcoin Arabs dealing with the famous scamming and fraud methods in the crypto market:

Among the methods and methods that we discussed is the method of enticing and promising to present a gift when sending an amount of digital currencies to be doubled.

If you are a long-time user of cryptocurrencies, then surely pass over your eyes the phrase Send a quantity of Bitcoin to multiply it immediately.

These fraudulent phrases and methods are spread across various platforms such as Facebook, Twitter, YouTube, and are usually associated with famous names and accounts to give confidence and credibility.

The old-timers in the crypto market know very well such methods, and wonder if such methods really still work.

Answer: Yes, still.

Someone sent $ 243,000 worth of Bitcoin to a fraudulent address:

On March 1, someone sent 5 Bitcoins to a verified fraudulent address.

the address is:


Upon verification, we find a match between this address and a fraudulent website that promises to double any bitcoin sent, which starts from 0.1 to 10 bitcoins, to convert it from 0.2 to 20 bitcoins.

While it is unclear whether the sender is the victim or collaborator with this fraudulent operation (for example, the fraudster transfers funds between the governor to generate attention and make it appear real).

One of the reasons why people fall into such old and naive scams is because:

Greed and not well informed by the presenter to send sums of money to an electronic address that promises to double what he deposits.

The second is the presence of airdrop and free distribution of digital currencies, as we saw recently with the decentralized trading platform Uniswap, which distributed 400 UNI tokens (valued at $ 1,200 at the time) to its first users.

But the difference between real and free distributions is that the free distribution (airdrop) does not require any money to be deposited first, and therefore it can be taken as a rule. Any party that requests sending a sum of money first to double it is a fraudulent party.

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