THELOGICALINDIAN - n-a
The ICO ecosystem has been rocked by a ample calibration phishing advance in which investors acquisitive to participate in able home administration startup BEE Token’s crowdsale were bamboozled out of hundreds of bags of dollars account of Ethereum.
In a above aegis breach, hackers were able to access the claimed abstracts and email addresses of Bee Token commitment account participants and beatific out a counterfeit email advertence that the crowdsale was accessible to contributions.
Bee has accepted both the drudge and the phishing email via their Twitter and Medium accounts, and has uploaded a video to the Bee badge auction website featuring Bee CEO Jonathan Chou captivation up the hand-written and typed ETH abode for badge auction contributions.
This is a fake/scam email. Please apathy it. https://t.co/CzhhGvoFl6
— The Bee Token (@thebeetoken) January 31, 2018
Too Good to Bee True
The Bee Token ICO has admiring a ample bulk of absorption from the crypto association abundantly due to the abeyant of the decentralized Bee home-sharing abstraction and its able acknowledging team, which consists of above Facebook, Google, and Uber employees.
As a result, the belvedere has already been targeted by a number of phishing attacks that accept attempted to carbon the Bee Token website. While the capacity of how the Bee Token commitment account was acquired are yet to be divulged, individuals afflicted by the phishing advance accept aggregate the email that was acclimated to mislead them:
The email was accompanied by an Ethereum abode and QR cipher that can be beheld here. At the time of this report, 334 affairs are associated with the address, which currently contains added than 537.41. At accepted bazaar rates, this amounts to a little over $566,000 USD.
Another Ethereum address has been articular to be associated with the scam, absolute 241 ETH to the amount of a little over $253,000.
Wallet abode advice address of EtherScan.io
In an attack to abduction ETH from hopeful crowdsale participants the phishers appear a absent “surprise partnership” with Microsoft, advertence that all contributions aural the abutting six hours of the advertisement would accept a 100% bonus.
The email additionally declared that Bee Token would be backed by a agreement that it will “double in amount over the abutting two months” or all participants would accept their money back. The aggregation abaft the Bee Token ICO accelerate out an email aloof one hour afterwards the phishing attack, as able-bodied as afterlight the Bee Token website to acquaint abeyant investors.
The Future of Bee Token
While the abrupt acknowledgment to the phishing advance from the Bee aggregation has helped to allay some broker fears, the drudge does not augur able-bodied for the approaching of the platform. It seems like that either the Bee Token ICO’s aegis was lacking, or a aggregation affiliate was— accidentally or otherwise— acutely absent-minded with analytical defended information.
Unfortunately, there is no way for investors bamboozled by the betray to affirmation aback their absent ETH. When advance in an ICO, consistently ensure you’re accidental to the 18-carat abode provided by the belvedere and never accelerate cryptocurrency to an abode you accustomed via email.
If you’ve been afflicted by the Bee Token phishing scam, acquaintance a adjudicator in the Bee Token Telegram or email the Bee Token aggregation anon at [email protected]
