Bee Token ICO Stung by $1 Million Phishing Scam
Due to a phishing scam, investors in the Bee Token ICO have actually sent nearly $1 million to malicious actors instead.
The exchange said it helped British police bust a cybercriminal who sold phishing tools that resulted in the theft of millions of pounds.
Two Canadian nationals posed as HitBTC customer service representatives in order to steal a user's login credentials.
According to a recent report, a 16-year-old was served with a search warrant by federal agents at his home on Tuesday.
Scams are an epidemic in the crypto space, and clumsy actions by big tech companies can open up the opportunities, as MetaMask learned recently.
The excitement surrounding ICOs has left investors vulnerable to phishing attacks, diminishing the reputation of the new investment mechanism.