Blockstack Counterattacked a Phishing Attempt on Its ICO
When phishing sites tried to con investors during its recent ICO, Blockstack used its tech expertise to turn the tables on the tricksters.
Two Canadian nationals posed as HitBTC customer service representatives in order to steal a user's login credentials.
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 exchange said it helped British police bust a cybercriminal who sold phishing tools that resulted in the theft of millions of pounds.
The excitement surrounding ICOs has left investors vulnerable to phishing attacks, diminishing the reputation of the new investment mechanism.
Due to a phishing scam, investors in the Bee Token ICO have actually sent nearly $1 million to malicious actors instead.