• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction Dead cat bounce from $29k worries BTC bulls

    Bitcoin price prediction: Dead cat bounce from $29k worries BTC bulls

    Litecoin price

    Litecoin price prediction: LTC to retest $160 resistance

    Bitcoin mining chips

    Bitcoin mining chips scarcity: Samsung planning to Bankroll chip making plant

    Bitcoin whale Bitcoin US Senator Circle CEO Bitcoin adoption BitMEX Mobile app Max Keiser Bank Crisis Bitcoin price Nasdaq listed MicroStrategy

    Bitcoin whale MicroStrategy invests more in Bitcoin during dip

    Polkadot price

    Polkadot price prediction: DOT to rise to $20.00

    Litecoin price prediction

    Litecoin price prediction: LTC rebounds after failing to reach $120

    Bitcoin mining

    Bitcoin Miners in China hit with dearth of chips

    Ripple Price Prediction 22.01.

    Ripple price prediction: XRP rejecting further upside at $0.31

    Ethereum price

    Ethereum price prediction: ETH to retest $1,400 resistance

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction Dead cat bounce from $29k worries BTC bulls

    Bitcoin price prediction: Dead cat bounce from $29k worries BTC bulls

    Litecoin price

    Litecoin price prediction: LTC to retest $160 resistance

    Bitcoin mining chips

    Bitcoin mining chips scarcity: Samsung planning to Bankroll chip making plant

    Bitcoin whale Bitcoin US Senator Circle CEO Bitcoin adoption BitMEX Mobile app Max Keiser Bank Crisis Bitcoin price Nasdaq listed MicroStrategy

    Bitcoin whale MicroStrategy invests more in Bitcoin during dip

    Polkadot price

    Polkadot price prediction: DOT to rise to $20.00

    Litecoin price prediction

    Litecoin price prediction: LTC rebounds after failing to reach $120

    Bitcoin mining

    Bitcoin Miners in China hit with dearth of chips

    Ripple Price Prediction 22.01.

    Ripple price prediction: XRP rejecting further upside at $0.31

    Ethereum price

    Ethereum price prediction: ETH to retest $1,400 resistance

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Scam News

Bitcoin QR generators are plagued with scammers

Ahmad Asghar by Ahmad Asghar
September 14, 2019
in Scam News
2 min read
Bitcoin QR generators are plagued with scammers 1
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Bitcoin QR generators do make it easy for users to share their wallet addresses.

Certainly, QR generators are the best thing that has happened to cryptocurrency after barcodes. But the problem lies with the websites that let you change your data from strings, hypertext, to SHA-256 encrypted crypto key strands of code that your lens can decode almost in a jiffy.

Your data should be yours

There are scammers out there to get you and ZenGO, a cryptocurrency wallet provider published a report last month, warning the potential risks of using QR encoding services from untrusted websites that mask your data underneath for their use.

RelatedPosts

SEC adds 8 crypto companies to its warning list ‘PAUSE’

30 Japanese arrested over NEM token stolen from Coincheck in 2018

Indian exchange, BuyUcoin hacked: 6GB data exposed

Bitcoin scam: Residents in Cumbria are losing over $270k in investment scams

The ratio of scamming websites has risen at an alarming rate and out of five (5) searches only one (1) of them respects your privacy while the remaining four (4) would be doing what they want with your data as they please.

As the name suggests, the Quick Response (QR) code is fast and stores your data in a format not readable by us humans but handing over wallet keys for a speedy transaction isn’t a great bargain for the unsuspecting victims out there.

Bitcoin QR generator alternative

Other methods to make fast and secure payments as the Foundation of Interwallet Operability (FIO) exist as well. More than twenty-five (25) wallets and crypto exchanges have been moving on from writing long and tiresome crypto keys and instead, they’ve turned to the ‘username: domain’ method that Trust Wallet recently began using.

ZenGo co-founder, Tal Be’ery also said that these scammers don’t even have their own QR. Instead, they invoke a blockchain explorer API to do their dirty work for them and this gives them time to work on more projects if regulatory authorities find out about the scam. Thus it is better to use the websites trusted websites instead of searching for ‘Bitcoin QR generator’ via your search engine and have the QRs run by Threat Intelligence Service.

The scammers don’t care

For these scammers, this is business and the ZenGo research team has come up with a number-of how much these scammers have been able to rip off of unsuspecting customers. The numbers ass up to give a total sum of twenty thousand ($20,000) dollars.

On of the addresses that had its -crypto key turned to QR saw twenty-one transactions in a week taking 0.58 BTC in that time and allocating it to the scammer’s wallet. Scammers need to be cautious that they do not get caught and often take precaution when emptying wallets as changing their own wallets periodically so that they don’t get caught or copying their own crypto key be copied into the victim’s computer to fake the idea that the victim’s crypto key is being mishandled.

ZenGo researchers had reasons to believe that this just the tip of the iceberg and like with any other asset, the wolves want to bite deeper into lamb.

 

Ahmad Asghar

Ahmad Asghar

A first generation gamer at heart and tech buff by nature, have been involved in the tech sector for better part of a decade. With that insight and knowledge, he now covers blockchain, cryptocurrency and everything fintech so others can make sense of the industry.

Related Posts

SEC adds 8 crypto companies to its warning list PAUSE
Scam News

SEC adds 8 crypto companies to its warning list ‘PAUSE’

January 22, 2021
30 Japanese arrested over NEM token stolen from Coincheck in 2018
Scam News

30 Japanese arrested over NEM token stolen from Coincheck in 2018

January 22, 2021
Indian exchange, BuyUcoin hacked: 6GB data exposed
Scam News

Indian exchange, BuyUcoin hacked: 6GB data exposed

January 21, 2021

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Bitcoin price prediction Dead cat bounce from $29k worries BTC bulls

Bitcoin price prediction: Dead cat bounce from $29k worries BTC bulls

January 23, 2021
Litecoin price

Litecoin price prediction: LTC to retest $160 resistance

January 23, 2021
3 Great Places to Buy Bitcoin In 2021 2

3 Great Places to Buy Bitcoin In 2021

January 23, 2021
Bitcoin mining chips

Bitcoin mining chips scarcity: Samsung planning to Bankroll chip making plant

January 22, 2021
Bitcoin whale Bitcoin US Senator Circle CEO Bitcoin adoption BitMEX Mobile app Max Keiser Bank Crisis Bitcoin price Nasdaq listed MicroStrategy

Bitcoin whale MicroStrategy invests more in Bitcoin during dip

January 22, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 3

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.