Top 7 Bitcoin Scams There have been and undoubtedly will be nearly countless bitcoin scams, but these frauds make the list of the top 7 worst bitcoin scams to date. I googled the nr. BitKRX used this faux-affiliation to ensnare people to use their system. The old school method is to have the victim wire money via Western Union or transfer funds to a bank account. The classic example of this is an unsolicited phone call or email from someone claiming to be with the IRS. Impersonation Unfortunately it’s very easy for con-artists to create social media accounts and impersonate people.