Bitcoin Storm: A scam that has claimed thousands of victims worldwide, uses the social network Facebook

The observatory of computer crimes in the Canary Islands warns of the latest cyber-scams detected, where it highlights the considerable increase in fraudulent websites related to Bitcoin Storm.

Many of these promotional campaigns to invest in Bitcoin Storm are „Phishing“ attacks, which is a method that cybercriminals use to trick you into revealing personal information (social security numbers, passwords, among others) or sensitive financial information (credit card data, bank account numbers, …) with an increasingly sophisticated methodology.

A Bitcoin scam exposes thousands of people to data leakage

However, Facebook, the well-known social network, is one of those selected by cybercriminals to spread malicious links. The cybercriminal posts false profiles in popular groups on this social network, posing as someone else. Supposedly, the publication advertises „How to turn a small amount of money into many thousands of euros by investing in The News Spy„, where they are assured of a high return in a few hours by the testimony of a famous person.

They use images of public figures
As you can see, in the publication made by the scammer, he incites potential victims to invest in crypto currencies (Bitcoin Storm) and makes many users fall for this scam because of the attraction of making money in a short time working from home.

The hook used is to guarantee the supposed victims that, with little money invested, they will have a high return in a few hours with the possibility of earning a lot of money. In this publication, there is a link that redirects us to a „fake“ website in which they use the image of public figures to give more credibility to the alleged advertising campaign to buy electronic currency, in this case they supplant the image of Amancio Ortega.

Community donates 0.7 BTC to phishing victim who lost all his savings at Bitcoin

This attractive proposition of making easy money makes many users fall for this scam. Without realizing that this advertising is a scam, the victim clicks on the fraudulent advertising and it redirects him to an external server that pretends to be a business website specialized in investments.

In principle, paradoxically, in the publication they try to convince potential victims that this type of investment is not a scam and, if they follow their recommendations, they will earn a lot of money in a short time. Messages such as: „how I made millions of euros during the last months working from home…“, make the user feel convinced that they can earn enough money without working.