Still prominent: malware scam sees $80,000 worth of BTC stolen

Quick take

1 minute read

• For many years now, two words have plagued the industry for people who are outside of understanding what blockchain is about.

• “Crypto scams“ are those two words and have seen many people who could have been interested in the industry pushed away due to the potential of losing their investment and resulting in wasted time. 

For many years now, two words have plagued the industry for people who are outside of understanding what blockchain is about. “Crypto scams“ are those two words and have seen many people who could have been interested in the industry pushed away due to the potential of losing their investment and resulting in wasted time. In 2017, malware scams became increasingly common throughout the industry and even to this day, they still occur all the time.

Even though they still occur today, they are less prominent than they were three years ago. More advanced scams were on the up many of which included social media advertisement scams. 

Even so, one malware scam has just seen almost $80,000 worth of one unlucky user’s portfolio stolen.

This came from the popular cryptocurrency Twitter account Whalebot he posted is the news on to the social site after a user mistakenly sent almost $80,000 worth of bitcoin to a bad actor. This malware account has been active since July of last year and according to them, this transaction was confirmed and went ahead in full force leaving the user penniless.

🚔 A payment of 7.011 #BTC (79,480 USD) was just made to a confirmed Malware scam!https://t.co/0APLFRVgdk

— Whale Alert (@whale_alert) October 17, 2020

Whalebot went on to say:

“A very successful malware scam that has managed to steal 1,400 BTC from one victim alone. Malware infects your computer and can cause enormous amounts of damage. The most common form of malware will change any payment address you try to copy and paste into an address owned by its creator. Other forms of malware include hidden miners, spyware and ransomware.”

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