Investors in the Bee Token ICO were reportedly scammed by fraudsters to the tune of $1 million in cryptocurrency using a simple email phishing scheme.

The “home sharing” startup began raising funds on January 31 and ended February 2 after reaching a target hard cap of 5000 ETH. However, the company only discovered the phishing scheme after the ICO had launched and asked investors not to send Ethereum to any other addresses aside from official website and statements.

Investigation into the matter revealed three wallet addresses connected to the fraud which contained around $1 million after the ICO had ended.

 

Source: ZDNet

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