CoinDesk Podcast Network BITCOIN SEASON 2: Inside The Secret World Of Bitcoin Scammers w/ Junseth
Sep 24, 2025
Junseth, a longtime Bitcoin podcaster and creator of Bitcoin Uncensored, dives deep into the world of crypto phone scammers. He reveals how young thieves, often recruited from gaming platforms like Roblox and Minecraft, orchestrate elaborate social engineering attacks. Junseth shares shocking recordings of his interactions with these scammers, discussing their motivations and moral rationalizations. He also critiques the current state of Bitcoin culture, addressing the impact of new entrants and the repeating cycles of discourse. This eye-opening conversation sheds light on both the dark side of Bitcoin and the evolving community.
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Victim Walks Thief Through Their Account
- Junseth described the scam as a fake Coinbase security call that tricks victims into supplying login codes.
- He compared victims to guiding a thief to their safe and thanking them afterward.
Answering Calls To Learn How Scammers Work
- Junseth started answering scam calls to study them after getting 10–15 calls per day and feeling real anxiety.
- He practiced tactics and found about 1 in 10 scammers would reveal useful details when provoked to talk.
Anxiety-Then-Relief Is The Key Trick
- The scam relies on creating anxiety then calming the victim so they willingly supply login codes and feel grateful.
- That emotional sequence makes victims unable to immediately recognize they enabled their own theft.