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Scammers Steal Over $1 Million Worth of Ethereum From Bee Token ICO Participants

Hundreds of users fell victims to email scams over the past week, sending over $1 million to a scammer. The Bee Token ICO (Initial Coin Offering) started on January 31 and ended on February 2. The scammer used multiple wallet addresses to receive funds from tricked users. Facebook banned ads for ICOs and cryptocurrencies on its platform earlier this week, Facebook announced it would not allow ads for such ICOs on the platform. A similar scammer tricked users participating in the Experty ICO into sending funds worth over $150,000.

Source: https://www.bleepingcomputer.com/news/cryptocurrency/scammers-steal-over-1-million-worth-of-ethereum-from-bee-token-ico-participants/

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