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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong
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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong

Urgent News: Bitcoin Wallet MultiBit Phishing Scam – Beware!

Samuel Rae
Samuel Rae
Last Updated: October 7, 2020 11:35 am
2 mins read

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MultiBitIt has been reported on Reddit by numerous users throughout today’s session that some users of wallet company MultiBit have become the (attempted) victims of a phising scam. While it is still far too early to speculate on the nature of the scam, who is behind it or even how many (and to what extent) users have been affected, we thought you guys and girls wouldn’t mind a quick bulletin – purely to try and stop as many further potential attacks as possible.

As usual – the advice is,  DON’T CLICK THE LINK!

From what we can tell from the screenshots provided my Reddit users, the scam is masked as some sort of update for the wallet, with “Major Bug Fixes” cited as the reasoning. Anyway, and again this is not yet verified (and we have not yet received any correspondence from MultiBit confirming or denying the authenticity of the mail), while uncertainty remains, we recommend you avoid
the update at all costs until this are clearer.

Some of you will remember that last year, MultiBit, marketed on its website as a secure, lightweight, international Bitcoin wallet for Windows, MacOS and Linux, had some trouble when a Reddit user reported that he/she could not send bitcoins as expected. While this latest issue looks to be no fault of MultiBit’s directly – phishing scams are 3rd party – I bet the company doesnt feel it needs the press!

To MultiBit: Please consider this piece an effort to help your users avoid trouble, not to portray you in a bad light!

Images from Reddit, Multibit.

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Samuel Rae
Samuel Rae

Samuel Rae

Samuel Rae is a journalist and author with more than a decade of experience covering cryptocurrency, financial markets and emerging technology. He has been involved with NewsBTC since its inception in 2013 and has written for a wide range of major finance and technology publications, including Seeking Alpha, Benzinga, TheStreet, NewsBTC and Bitcoinist. Samuel is also the author of Diary of a Currency Trader, published by Harriman House.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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