Fake QR Code Generators Stole $45,000 Last Month
Security researchers have discovered a network of malicious websites that could steal your cryptocurrency through QR code fraud and phishing attacks.
How the Attack Works
The malicious sites in question claim to convert your text-based Bitcoin wallet address to a QR code. Those codes can then be scanned with a smartphone.
That feature should make it easier to send and receive Bitcoin when you’re “on the go.”
However, not all websites are legitimate. Some malicious QR code generators replace your address with their own address―allowing them to intercept your Bitcoin transaction.
Sites to Avoid
According to Harry Denley, Director of Security at MyCrypto, nine QR code websites stole 7 BTC over the course of March. That amount is worth $45,000 right now.
The list of allegedly dangerous sites includes:
A list of related websites is available on ZDNet.
Avoiding Fraud and Theft
If you do rely on QR codes, you should verify that those QR codes match the text of your Bitcoin address.
Furthermore, users on both sides of any Bitcoin transactions should use addresses and QR codes that have been generated by wallets and exchanges that they trust.
At Jubiter, we offer a simple and secure Bitcoin wallet, which makes it easier for you to spend your cryptocurrency safely and make sure that it reaches its destination.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.