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23 September 2019

Fraudulent QR Code System Seeks to Steal Your Bitcoins

Fraudulent QR Code System Seeks to Steal Your Bitcoins


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For as long as bitcoin and cryptocurrency have existed, there have been malicious actors out there seeking to take what isn’t theirs.

Among the most common ways to steal one’s digital funds include crypto jacking, SIM-swapping and phony initial coin offerings (ICOs), though the latter has seemingly become a thing of the past.

It is estimated that more than $20,000 in crypto funds have been lost to these phony QR codes

Cases of thievery in the crypto space have increased exponentially over just the last year alone, with nearly $5 billion in funds being stolen in just the first six months of 2019

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