by Mix
— 2 hours ago
in hardfork It appears cryptocurrency startup BeeToken, which promised to disrupt the home sharing industry by putting its service on the blockchain, has been hacked. The attackers are actively targeting its initial coin offering (ICO) with phishing attacks and have already duped gullible investors for over $1 million worth of Ethereum.

The company has confirmed the phishing attacks on its official Twitter and Medium accounts, warning that users should treat emails and Telegram messages directly encouraging users to send funds are likely fraudulent. “Please note that we will NEVER EVER communicate an Ethereum address through an email or Direct Message to you via Telegram,” the company noted.

There appear to be several different versions of the deceptive emails circulating the web. Some emails are also promoting a non-existent partnership with Microsoft.

Users have since shared screenshots of the phishing messages: While it has been cut from the screenshot above, the email further included a fraudulent Ethereum address and a dedicated QR code leading to the same address. What makes things especially confusing for rookie investors is that the attackers coordinated their phishing emails along with the official launch of the BeeToken ICO.

In fact, it appears the attackers have been able to raise almost half as much funds as the real thing. A counter on the BeeToken site shows that the website has so far raised more than $2.3 million. Read more from…

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