QR Bitcoin Scammers Stole $45,000 In March

By March 29, 2020Bitcoin Business
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qr bitcoin scammers

One network of QR Bitcoin scammers using code generators has stolen more than $40,000 from Bitcoin (BTC) users in one month only, the latest cryptocurrencies news show. The network included at least nine fake Bitcoin-to-QR generators which have been spotted in recent weeks.

The security researcher named Harry Denley first tweeted about this in the Bitcoin scam news, saying that he identified two domains related to the QR Bitcoin scammers which hosted fake code applications. Later on, the researcher identified seven other domains sharing the same interface. With it, he suggested that they are all created by the same developer.

As you may not know, the QR Bitcoin scammers work with a malicious program which promises users to convert their BTC address into a QR code, therefore claiming to eliminate the risk of the user losing their funds as a result of typos when entering or sharing their address. This service is offered by every popular block explorer and the most mobile wallet applications.

However, the QR code generated by the programs is always the same address which diverts the victims’ funds to the malicious program and its developers. The supposed QR generators correspond to five different wallets, absorbing more than seven BTC (likely from the apps’ victims).

The malicious website domains linked to the QR Bitcoin scammers include the following:

  • bitcoin-barcode-generator.com,
  • bitcoinaddresstoqrcode.com,
  • bitcoins-qr-code.com,
  • btc-to-qr.com,
  • create-bitcoin-qr-code.com,
  • free-bitcoin-qr-codes.com,
  • freebitcoinqrcodes.com,
  • qr-code-bitcoin.com, and
  • qrcodebtc.com.

These websites are all hosted by three different servers which collectively host around 450 other websites that appear sketchy in a way. The sites feature keywords related to coronavirus, Gmail and various other cryptocurrencies.

Among the sites, there are also a couple of purported “Bitcoin transaction accelerators,” which claim to speed up BTC transfers in exchange for a 0.001 BTC. The addresses associated with the supposed ‘accelerators’ have so far absorbed more than 17.6 BTC which is roughly $110,000 at press time.

The QR Bitcoin scammers are kind of a new thing in the Bitcoin scam news. Recent scams have also impersonated the World Health Organization (WHO) in an attempt to siphon donations and took the form of apps purporting to track the spread of the coronavirus.

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