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BeeToken, a cryptocurrency startup, has been hacked and successfully stolen Ethereum, which costs more than $1 million, targeting ICOs and using phishing attacks. The company has confirmed the phishing attack on its official Twitter account and warned users to be cautious about using email and Telegram software and said encouraging users to send money could be cheating.
The company said: “we will NEVER EVER communicate an Ethereum address through an email or Direct Message to you via Telegram. We will NOT be using any QR codes in our communications. We will also NOT be giving 100% bonuses and we will NOT accept more than 0.3 ETH for the first 24 hours of our Token Generation Event. In addition, we will NOT be partnering with Microsoft.”
These phishing emails also include a deceptive Ethereum address and a dedicated QR code. What is particularly puzzling for novice investors is that attackers coordinate their phishing emails with the official release of the BeeToken ICO. In fact, it seems that attackers can raise almost half the funds. A counter on the BeeToken website shows that the site has raised more than $2.3 million so far. In contrast, three of the many fraudulent addresses associated with phishing attacks have attracted nearly $1 million.
Reference: thenextweb
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