BTCGAW Threatened to Send Child Porn & Stolen Credit Cards

April 11, 2015 12:23 UTC

Bitcoin-purchasing BTCGAW Inc., not to be confused with GAW Miners (which is facing a $346,000+ lawsuit), has recently gone on an all-out media blitz. They advertise, “BTCGaw is Paying 11% more for bitcoins than Blockchain official rate”, in a manner very consistent with previous scams. An Australian on Reddit claims to have confronted BTCGAW Inc. with evidence that their offer is a scam, and he claims he was threatened and attacked by BTCGAW operators in retaliation.

BTCGAW Inc. is a bitcoin-buying scam. After being confronted with evidence that BTCGAW’s offer was a scam, a BTCGAW operator allegedly began attempting to intimidate the accuser. When the accuser indicated that he would be posting the evidence on Reddit, a BTCGAW Inc. operator allegedly threatened to initiate a DDoS attack. (We reached out to the Reddit poster for additional information and evidence, but we have not yet received a reply).

Serious Threats

The poster on Reddit indicated that shortly after, he was indeed the target of a DDoS attack. Additionally, the Reddit Poster indicated that the BTCGAW Inc. operator threatened to plant incriminating evidence of child pornography and stolen credit card information. If true, BTCGAW Inc.’s operators have committed some very serious crimes in a bungling effort to hide a relatively obvious scam.

In response to our request for comment regarding the Reddit Post, an unnamed individual using contact@btcgaw.com claimed, “our customer support center don’t talk like that.” The unnamed individual also alleged that the entire Reddit post was fraudulent and that the images are “modified”. The individual also claims to have transcripts showing that the Reddit poster was indeed the intimidating party but that the transcripts could not be sent to us until his or her manager arrived. We will update this article if transcripts are provided to us.

All of this fall-out supposedly circles around evidence that suggests BTCGAW Inc. is a scam. The specific evidence in question is the allegation that BTCGAW repeatedly uses the same receiving address for all of its clients deposits. This practice has the potential to make it very difficult to link specific transactions with specific customers. There is plenty of other evidence that indicates BTCGAW Inc. is a scam, too.

In their press releases, BTCGAW Inc. claims to have been founded in July 2014. However, a simple WHOIS search reveals that btcgaw.com was only registered last week. BTCGAW Inc.’s operation reeks of similar scams that continue to crop up every time another is shut down. Additionally, BTCGAW Inc.’s website claims they are located in Delaware, but their website was registered in Norway.

BTCGAW Inc. is nearly certainly a bitcoin buying scam, but if the allegations against them are true, getting outed as a scam may be the least of their problems.

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@NedMNews

Ned Miller is a bitcoin enthusiast since 2012 and he has a background in American politics.