Old school e-mail scam fools ICO participants out of over $1 Million worth of Ethereum...

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The San Francisco based "Bee Token" ICO ran from Jan 31st to yesterday Feb 3rd - but on day one the team behind the ICO began receiving word people were getting e-mails asking participants to send money to wallet addresses not belonging to Bee Token.

Twitter user SolidCrypto received one of these e-mails and tweeted...

In response, Bee Token issues a number of warnings to users that the ICO was taking place only via their official website - but that wasn't enough.

The scammers used a variety of wallet addresses in their e-mails - these wallets now hold over $1 Million USD worth of Ethereum from scammed participants.

Author: Mark Pippen
London News Desk

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