Bee Token ICO Investors Robbed by Scammers for 700 ETH

The potential investors of Bee Token ICO received phishing emails which contained fake cryptocurrency addresses for their contributions
01 February 2018   1026

Bee Token is a San Francisco-based startup utilizing an ERC-20 ​utility ​token for its Beenest decentralized home-sharing network. The investors who were waiting for their opportunity to join the Bee Token ICO were reportedly robbed for more than 700 ETH.

Scammers managed to collect the emails of potential investors of Bee Token, and sent out phishing emails stating that the token sale started, and offering users to send their contributions to Ethereum address.

Phishing email for bee token investors
Phishing email received by Bee Token ICO Investors

The Bee Token ICO scammers have reportedly managed to steal over 700 ETH (830,000 USD). The founders of Bee Token company confirmed that the above mentioned emails were fake and that they do not send any messages regarding the modification of maximum contribution limit.

The Bee Token has received reports of fake emails, Telegram accounts, etc. claiming to represent the Bee Token ICO Token Generation Event. Please note that we will NEVER EVER communicate an Ethereum address through an email or Direct Message to you via Telegram.

Bee Token Security Announcement

In one hour after the phishing attack, The Bee Token team sent out an email, warning the investors about fake emails and telling them that the real ICO address can be found only on the official website of the ICO.

Recently we have reported that Bee Token announced a new partnership with WeTrust, a blockchain-based platform for financial empowerment, to provide a decentralized insurance layer based on crowdsourced security deposits for Bee Token users.

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Civic to Buy Domain

The domain will become a blockchain platform for the exchange of user data
19 July 2018   111

American startup Civic has acquired the domain name According to Vinny Lingham, CEO of the company, the domain will become a blockchain platform for the exchange of user data. This is reported by CoinDesk.

The platform will be a decentralized ecosystem. Thus, companies that own data will request the user's consent to the issuance of information. Blockchain will allow verifying the authenticity of the user's permission. After that, the company will be able to provide information to the data buyer.

Calculation on the platform will be performed in Civic (CVC) tokens. And thanks to smart contracts, payment will occur after the requesting company receives relevant information.

Previously, the domain was a portal for Internet real estate and belonged to the Inflection. Civic bought the domain name after Inflection stopped operating in this area of ​​business.

Vinny Lingham does not disclose the details of the negotiations and the amount of the deal. Nevertheless, he stated that he always considered the domain an ideal address for the promotion of his blocking project.

According to CEO Civic, this purchase is an important step not only for the company, but also for the development of the Web 3.0 concept.