Companies that sell cryptocurrencies online say that one of the biggest enemies of fraud involving stolen passwords and money comes to bad spelling.
As reported by The Washington Post, phishing scams buy domains such as "wwwblockchain.com", "" hlockchain.
"There is a very real opportunity for revenue generation," Nick Nikiforakis, a professor of computer science at Stony Brook University who has studied such scams, told Posten. "If someone steals your information, they can immediately start transferring your money from your account."
Mr. Nikiforakis continued to warn: if fraudsters succeed in stealing, users have no chance because they have lost cryptocurrency rather than regular money.
Last month, Coinbase.com announced that 6,000 of its customers had their cryptocurrency stolen through a phishing attack using fake login pages to steal passwords, according to Posten.