Customers from Shanghai-based bitcoin exchange BTCC have been receiving incredibly high profitably bitcoin investment offers which appear to be associated with the exchange.
However, this week, the BTCC team issued a warning to its customers and potential bitcoin investors that BTCC is in no way affiliated with such schemes, and that investors must consider validating the entity promoting any bitcoin related investments to ensure that its legitimacy.
1/ We’ve had reports of dubious “investments” involving #bitcoin. These may be ponzi schemes designed to steal your bitcoins.
— BTCC (@YourBTCC) October 14, 2015
Over the past few months, customers of prominent bitcoin exchanges and investment firms like BTCC and San Francisco-based bitcoin investment firm Pantera Capital have seen an increasing number of investment scams and ponzi schemes.
Last month, anonymous hackers claiming to be Pantera Capital CEO Dan Morehead sent an email blast using the email address [email protected], to coax Pantera Newsletter subscribers into investing in a highly profitable investment offer.
Although none of the customers were involved with this scam, the professionalism and complexity of the letter convinced many of Pantera Capital investors by imitating Pantera flawlessly.
The letter offered