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Fake COVID-19 Cryptocurrency Emerges Promising to Gain Value with Each Death

May 14, 2020

A new report reveals exponential growth in the number of phishing and website scams leveraging the COVID-19 pandemic, including websites peddling fake COVID-19 cryptocurrencies and crypto wallets that aim to siphon data for phishing. One site even claims the value of its crypto coin increases with each death from the virus.

The findings in Bolster’s Q1 2020 State of Phishing and Online Fraud Report are in line with many other industry reports analyzing hackers’ COVID-19 gold-rush in recent weeks, including Bitdefender’s own research on the subject.

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