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Earn FREE BitcoinsCrypto scams to watch out for in � Blackmail and extortion scams � "Business opportunity" scams � Fake job listing scams � Giveaway scams � Impersonation scams. Better said, the fake accounts claim to be giving out �Bitcoic� by inviting followers to participate in a fake cryptocurrency giveaway. Source: Cointelegraph. There are many fraudulent posts on social media outlets promising bitcoin giveaways. Some of these scams also include.