Scammers Target ICO Investors with Fake Token Sales Offers

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CoinDash CEO Alon Muroch said:

“People need to be careful about phishing and scams, especially in the blockchain space.”

Cyber criminals have been targeting the cryptocurrency ecosystem for years now – exchange and wallet hacks, exit scams, double spending, ransomware attacks, exploiting vulnerabilities and more.

Learn how to buy Bitcoin and Ethereum safely with our simple guide!

The latest trend that investors need to look out for is fake ICO offers, where scammers send messages via email, Slack or Telegram falsely claiming to be related to a project and presenting their own address to send funds.

One such email received by Binary Methods – entitled “#1 ICO Of 2017 – Join Now” – falsely claimed to be related to CoinDash:

“**Official Announcement from the Coindash team**

Coindash Token Last-Sale is OPEN NOW!

We are pleased to announce that all the registered members can now buy the last tokens left at a special rate of 30000 per 1 ETH.
Last-sale ends in 48 hours or when the hard cap is reached (2000 ETH).
This is the last change to buy our tokens, only 60,000,000 tokens left!

The minimum contribution is 0.1 ETH and the maximum contribution is 500 ETH.

Contribution Bonuses:

20+ ETH = 5% BONUS
50+ ETH = 12.5% BONUS
100+ ETH = 30% BONUS
200+ ETH = 70% BONUS
300+ ETH = 100% BONUS

CONTRACT ADDRESS – 0xS60B0A639c32355a321Fdb43qa18AB2184DD40wa

Please note that you will see your tokens on your ETH address where you sent from.

Recommended – Gas limit: 200,000 | Gas price: 21 Gwei

Our website – coindash

Thank you for your continuous support,
Your Coindash Team”

Alon Muroch, CEO and co-founder of CoinDash, confirmed that the email is fake and called it a scam. He commented: “People need to be careful about phishing and scams, especially in the blockchain space.”

Earlier this month Swiss blockchain company Lykke, issued a warning to the public against clone ICO website ‘Ykke’, that appropriated the look and feel of the Lykke website, the Lykke logo, and other elements of its brand identity.

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