Online scams and fraud are increasing every day and, sadly enough this activity often includes cryptocurrencies. Moreover, fraud is not about the darknet only, one can be cheated on trusted sites like eBay as well.
Oleg Khovayko, CTO of Emercoin, shared with ForkLog one such instance along with a simple way to give scammers a good lesson.
If you check Bitcoin price at eBay, you will see something really extraordinary: it is nearly 50% higher than the average market price. For instance, if the current Bitcoin price is around $600, on eBay it will be close to $800. One might think of a great speculation opportunity – just buy bitcoins at an exchange and sell them on eBay with huge profit of 40 per cent a week which is an