Ben Perrin is a Canadian cryptocurrency enthusiast and educator who hosts a bitcoin show on YouTube. This is immediately apparent after a quick a look at all his social media. Ten seconds of viewing on of his videos will show that he is knowledgeable about digital assets, and 30 seconds of perusing his channel will show he has produced some videos on bitcoin scams. So it’s surprising that a bitcoin scammer would try to scam Perrin through his Instagram account and go so far as to actually send Perrin some of their own bitcoin. But recently a scammer did just that, and Perrin bested them. In a blog published on Monday, Perrin shows the entire exchange between him and a scammer, in which Perrin turned the tables and convinced the scammer to send Perrin $50, which he reportedly donated to charity. “This morning I awoke on a beautiful holiday Monday in Canada to a message from a clear scammer, promising me untold fortunes if I just bestow some of my Bitcoin upon them,” Perrin wrote in the blog. “Rather than tell this individual to go pound sand, I opted [to] enlist a mix of photoshop, strategically finding random transactions on a block explorer, and social engineering to teach a lesson on behalf of a good cause.”The scammer offered to double Perrin’s bitcoin investment within 24 hours. Perrin played naive and cautiously enthusiastic. He eventually photoshopped a bitcoin wallet statement, then asked the scammer to send him money as a test. When the scammer refused, Perrin pretended that another person, “Stu Reid,” had just reached out to him with a similar offer. Perrin told the scammer that “Stu” had sent him a good-faith test payment, which prompted the real scammer to send their own test payment, presumably so that “Stu” wouldn’t con Perrin out of all his Bitcoin before they did.“I said that I would gladly invest $20,000 with them if they would simply send me $100 back, I could then return it to them, just to ensure that everything was legit,” Perrin told CBC News. The scammer finally agreed to send Perrin half—$50 USD. Then, Perrin revealed he had actually out-conned the con artist, and told them he was donating the money. CBC News confirmed that Perrin received the transfer and sent the money to Bitcoin Venezuela, which claims to use cryptocurrency for humanitarian aid, as the bolivar has collapsed. Perrin told CBC he doesn’t plan on continuing to scam scammers—he just saw an opportunity to show cryptocurrency newcomers how to avoid getting duped.
ShareTweetLibra hasn’t even officially debuted on Facebook yet, but the highly anticipated cryptocurrency has already gotten a ton of interests—from scammers. In fact, it’s hard to tell who is more interested in Libra at this point: those looking to make a quick buck from cajoling you to jump in early so you can be a […]
ShareTweet Illustration by William Joel / The Verge Who needs comedy when we have cryptocurrency? In an unusually coherent series of tweets, President Donald Trump came out against cryptocurrency, generally, and bitcoin and Facebook’s nascent Libra cryptocurrency project, specifically. These tweets suggest that the congressional hearings scheduled for July 16th and 17th will be especially […]
This blockchain-basically basically based card game reveals us the draw in which forward for possession
Gods Unchained hasn’t even fully launched, but the collectible card game already has more hype around it than any blockchain game ever. This week a beta version opened to the public after months of private testing. But Fuel Games, the startup developing the game, says it has already sold millions of game cards and generated…