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Bitcoins can be easily used to scam people out of their money due to the inability to perform charge-backs. What are the most notable cases of Bitcoin scams that are known?

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2 Answers

up vote 3 down vote accepted

Here's a list of the most notable scams, thefts, and hacks: https://bitcointalk.org/index.php?topic=83794

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If you look at a graph of the value of 1 bitcoin, that huge spike and drop was caused by someone hacking Mt.Gox and selling everyone's bitcoins to him/her for $0.00, dropping down the value to $0, and it stayed low as more people sold their bitcoins to make sure it wouldn't happen to them. It's been slowly rising since then.

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See #2 in this list: bitcoinmagazine.net/common-misconceptions-about-bitcoin-guide –  Colin Dean Dec 31 '12 at 4:45
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