Author: Wang Yanhua
The EOS ICO is on track to raise USD 4 billion when the nearly year-long sale of EOS tokens ends this Friday.
But while Block.one, the startup behind EOS, has sold almost all of its one billion EOS coins to investors, a significant portion of them—along with the cryptocurrency Ethereum often used to purchase EOS—are ending up in the hands of scammers.
The scammers are sending out a realistic looking email to its victims. In the email, there is a button for recipients to claim EOS’ “unsold tokens”, reported Fortune.
Gettin some legit looking scam emails claiming to be giving away the remainder of $EOS distribution tokens. Everyone is thirsty out there stay safe and protect your coin!
Never supply anyone with your private keys! pic.twitter.com/eSZZezkWuB
— Josh Brown (@jbbasics) May 31, 2018
According to Fortune, the button takes recipients to a website that is identical in color, background, font and other design elements to the EOS homepage. The only problem is the scam site’s web address is “eȯs.com,” a nearly imperceptible dot above the o.
To make matters worse, Block.one admitted that its email support system, operated by Zendesk, was breached in a statement released on May 27. The company has temporarily shut down Zendesk as it investigates the matter.
“We believe that the sender had access to certain Block.one systems and may have seen emails sent to or from email addresses related to Block.one and its affiliates,” the statement said.
People have started reporting that they were scammed on social networking platform Reddit. Even seasoned members in the cryptocurrency scene fell prey.
One user wrote, “I’m a crypto enthusiast that’s been in the space since 2012 and never imagined how I would ever be scammed by a phishing attack. I thought that was only something my grandmother would do trying to reset a password or something.
“Since I was certain that this came from an official block.one employee, I figured it was a legitimate way to register for the mainnet launch.”
The user claimed that around USD 62,000 worth of EOS tokens was lost to scammers.
Scams are rife in the cryptocurrency industry, with eager malefactors getting increasingly sophisticated.
Block Asia has reported on the different kinds of cryptocurrency scams that one ought to be aware of to avoid being a easy victim.