Unsurprisingly, the ongoing crypto hype is also used by scammers. We have often reported fraudulent marketing campaigns like Bitcoin Up or Bitcoin Prime that catch victims for broker scams with the promise of quick wealth via cryptocurrencies. The German regulator BaFin has announced investigations against Terracoins (www-terra-coins.co) for allegedly conducting banking activities without the required permission. The truth, however, is that Terracoins is a scam on top of that.