RATE Group | Bitcoin Generator “Exploit” Scam Clears Thousands
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Bitcoin Generator “Exploit” Scam Clears Thousands

17 Dec Bitcoin Generator “Exploit” Scam Clears Thousands

Posted at 23:56h in Bitcoin News by

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A website claiming to be taking advantage of an unexplained “exploit” in Bitcoin to “generate” coins on behalf of its users has scammed more than .8 BTC to date. We tested the “service” in order to be sure that it was a scam.

Located at bitcoin-generator-2018.bid, the way the scam works is simple enough: it tells you to input a Bitcoin address where you’d like to receive an amount of BTC, which you select. You then click a button and a JavaScript runs which aims to fool you into believing that the thing is actually hacking the Bitcoin network on your behalf, and submitting transactions to the network in order to “generate” coins for you.

Do not send BTC to this address. It has received over .8 BTC and always asks the same amount for a “transaction fee.”

This reporter tested it using the minimal amounts. He requested .1 BTC and watched the following script play out:

Note: this video was made after the transaction had already been tested. Here is the…

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