Imitation may be the sincerest anatomy of adulation in some cases, but in cryptocurrency, it’s about the surest assurance of a scam.
So I knew appropriate abroad that article was ambiguous back I got an email aftermost weekend with the accountable line, “Your affinity on Coins Miner’s webpage.”
It was from the administrator of the administration ysis of the Texas State Securities Board—the state’s bazaar regulator—alerting me to a video appear by Coins Miner Investment Ltd. “that purports to characterize you discussing bitcoin/cryptocurrencies.” Uh oh.
The email went on, “Can you amuse affirm that you are not a chief biographer for Coins Miner and that you did not accredit Coins Miner to use the video on its website?”
This, I hoped, should accept been obvious. The video, acquaint three weeks ago on YouTube and anchored on Coins Miner’s website, is a besmirched adaptation of a abbreviate allegorical blow I filmed added than a year ago for Fortune, area I am a chief writer.
Ironically, the aboriginal appellation of my video, which is accessible both on Fortune.com and YouTube, is, “The Risks of Advance in Cryptocurrency.” Coins Miner had taken it, mashed it up with their own promotional materials, and superimposed their own logo over the Fortune watermark in the video. Check out the afterward screenshots:
Can you atom the difference?
At this point, I am assured that Coins Miner is not alone risky, but about absolutely a fraud. Of course, there are red flags agreeable betray all over the company’s website, such as its “about us” section, which reads, “Welcome To Coins Miner( The No.1 Leading Crypto Trading And Mining Platform). We Started Coins Miner Two Years Ago And We Accept Been Paying Our Investors With Peace And Unity.” Now, it additionally seems acceptable that the authorities will shut it down.
I’m not, however, abashed by this scheme. Back in October, I got a LinkedIn bulletin from addition allurement if I was affiliated with the now-defunct Coinsminer.org, which was application my video on its homepage, and had uploaded it to the video hosting armpit Vimeo. At the time, addition in our video administration had fabricated a absorb complaint to Vimeo, which promptly removed the material.
False impersonations abound in the scammy base of the cryptocurrency industry. Remember the U.S. Securities and Exchange Commission’s accessible account advertisement in the anatomy of a bluff ICO website about “HoweyCoins?” That came afterwards crypto sites started advertisement amateur Ryan Gosling as one of their aggregation members.
A few weeks ago, I additionally accustomed a Facebook bulletin from addition allurement if I assignment at Nexusonemarkets. “The acumen is because I accept been advance in this blockchain belvedere and the abettor operation administrator called Jen Wieczner has been accessory to me and calm $10,900 so far from me,” the being wrote.
By the time I apprehend the message, the Nexusonemarkets website was already abeyant by its hosting provider. But I doubtable they were affairs off a agnate con application my name. (It’s awfully absurd that this was an innocent case of mistaken identity. My aftermost name, which originates in Poland, isn’t common—even with the admeasurement of all-around amusing media platforms, I’ve never appear beyond anyone abroad in the apple with my exact name.)
The absolute irony, though, is that blockchain technology is declared to accredit us to accretion ascendancy over our own identities; I can use a cryptographic signature to prove I am absolutely me. Theoretically, I should be able to use the aforementioned methods to assure my copyrighted material—if YouTube had a blockchain on which my videos lived, the alone way addition could accretion admission to my agreeable would be if I accustomed it.
Clearly, there’s a lot of assignment to be done afore that will be possible. In the meantime, if you see me or my name absorbed to annihilation added than Fortune or The Ledger, break away.
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