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The latest ruse to scam Bitcoin owners out of their holdings is websites posing as The Bitcoin Foundation and capitalizing on concerns over the cryptocurrency's falling price.
The Bitcoin Foundation said on Monday that it has seen a spike in complaints to its help desk over a fraud campaign where scammers direct Bitcoin users to spoofed versions of the foundation's site.
The two scam domains the foundation is aware of are: bitcompensation.com and bitsecuretransfer.com. According to whois, both were registered in mid-November by what appears to be the same person.
"The Bitcoin Foundation's website is being cloned and spoofed at web addresses and domains that have absolutely nothing to do with the Bitcoin Foundation," it said.
Both sites present a 'compensating the users' campaign, purportedly run by the foundation and another fictitious organisation, and urge users to supply their bitcoin address in a field in order to redeem their 'gift'.
The campaign attempts to trick less knowledgeable users who feel they've "lost too much" as a result of Bitcoin's falling price over recent months. This time last year, it was trading at over $1,100; today it's worth $380.
"Since the price of the bitcoin went down a lot, members of the bitcoin community have lost too much," the scam sites read. "To decrease these loss and to sustain our coin, we, The Bitcoin Foundation together with Blockchain, are going to offer to each of our members a random amount of coins."
Source: zdnet
The Bitcoin Foundation said on Monday that it has seen a spike in complaints to its help desk over a fraud campaign where scammers direct Bitcoin users to spoofed versions of the foundation's site.
The two scam domains the foundation is aware of are: bitcompensation.com and bitsecuretransfer.com. According to whois, both were registered in mid-November by what appears to be the same person.
"The Bitcoin Foundation's website is being cloned and spoofed at web addresses and domains that have absolutely nothing to do with the Bitcoin Foundation," it said.
Both sites present a 'compensating the users' campaign, purportedly run by the foundation and another fictitious organisation, and urge users to supply their bitcoin address in a field in order to redeem their 'gift'.
The campaign attempts to trick less knowledgeable users who feel they've "lost too much" as a result of Bitcoin's falling price over recent months. This time last year, it was trading at over $1,100; today it's worth $380.
"Since the price of the bitcoin went down a lot, members of the bitcoin community have lost too much," the scam sites read. "To decrease these loss and to sustain our coin, we, The Bitcoin Foundation together with Blockchain, are going to offer to each of our members a random amount of coins."
Source: zdnet
