$1 Million Worth of Ethereum Phished from Bee Token Investors

$1 Million Worth of Ethereum Phished from Bee Token Investors

THELOGICALINDIAN - As the cryptocurrency bazaar adventures growing pains cybercriminals abide to butt amateur investors A contempo archetype is a phishing betray targeting the Bee Token ICO consistent in a lot of baseborn Ethereum

Over $1 actor account of Ethereum tokens has been baseborn by cybercriminals assuming as Bee Token, a cryptocurrency startup with hopes of revolutionizing the home administration industry by way of the blockchain.

Bee Token clearly accepted the phishing attacks via its official Twitter and Medium accounts.

The accommodating advance was launched alongside the official barrage of Bee Token’s antecedent bread alms (ICO).

ICOs accept already been called out for putting amateur investors at a greater accident than those already acclimatized to spotting scams, and this archetype helps validate that argument.

Bee Token has back appear beneath calefaction for potentially declining to assure its users’ abstracts by acceptance email addresses to abatement into the amiss hands, admitting CEO Jonathan Chou’s claim that “We are not at accident of advertisement all of our customers’ abstracts in one go if there is a aegis breach.”

Targeted investors accept taken to amusing media to allotment examples of the counterfeit emails in circulation.


Furthermore, the aggregation clearly stated:

Bee Token additionally encourages its investors to address any and all apprehensive activity.


Fraudulent Bee Token imposters aren’t the alone cybercriminals claiming to be addition else.

Fake Twitter accounts accept run aggressive as of late, with abounding cybercriminals assuming as Litecoin architect Charlie Lee, Ethereum co-founder Vitalik Buterin, and Tron (TRX) architect Justin Sun. The accounts in catechism generally change one or added belletrist from the absolute individual’s username, while creating the exact aforementioned affectation name and contour image.

Fraudulent Twitter accounts are about accepted in the actuality that they all affirmation to accelerate ample amounts of cryptocurrency to individuals in barter for a bottom amount, which charge be beatific to a specific address.

Fake Charlie Lee Twitter account

Both Buterin and Sun accept alleged aloft their followers to address affected accounts.

Fraudulent accounts can calmly be acclaimed from the absolute accord by their almost baby cardinal of followers and abridgement of official verification.

If you see something, say something—and address betray accounts wherever you see them.

Have you spotted betray accounts on Twitter? If so, do you address them? Let us apperceive in the comments below!

Images address of Shutterstock, Twitter/@thebeetoken, Twitter/@Solid_Crypto_, Twitter/@VitalikButerin, and Twitter/@justinsuntron.