News: Bitcoin QR Code Scams Found Flooding Google Search Pages
For the most complete data on all crypto currencies check: https://coincheckup.com | The crypto research platform. Full credits for this video to NewsBTC who listed the info in this video on an article on their website: https://www.newsbtc.com/?s=Bitcoin%20QR%20Code%20Scams%20Found%20Flooding%20Google%20Search%20Pages -------- Crypto tags: #BitcoinNews #CryptoNews -------- Transcript: 0:00:00 Bitcoin QR Code Scams Found Flooding Google Search Pages 0:00:04 This update is brought to you by "CoinCheckup News Updates" and was originally published on "NewsBTC". 0:00:11 The crypto industry has not been without its fair share of scams and cons. 0:00:15 Bitcoin has battled this reputation since its inception and FUD-fueled mainstream media outlets do not help matters. 0:00:22 Social media and search giants are equally to blame but that doesn’t stop the Bitcoin bashing. 0:00:28 Researchers have discovered that the majority of links returned in Google search pages for Bitcoin QR code generators are for fake or scammy websites. 0:00:36 Forbes, in its usual Bitcoin-bashing stance, reported that it is just another crypto scam that has hindered adoption. 0:00:43 What it should have reported was that it is a Google scam for allowing these fraudulent links on its search engine in the first place. 0:00:50 The study reported that 4 out of the first 5 results presented when querying Google were leading to scammer’s website. 0:00:56 According to the researchers from crypto wallet provider ZenGo, the QR codes generated from one of these fake websites will send the Bitcoin to the scammers address. 0:01:05 The QR codes are used to capture the data by mobile phone cameras, in this case to quickly share a Bitcoin address. 0:01:12 “These sites generate a QR code that encodes an address controlled by the scammers, instead of the one requested by the user, thus directing all payments for this QR code to the scammers. 0:01:22 It has been estimated that around $20,000 has been lost to QR code scams however that figure could be much higher. 0:01:30 Just like the copy/paste malware that infected computers a couple of years ago in order to alter Bitcoin addresses, this scam is just quicker version. 0:01:38 There will be others and the misreporting that it is ‘furthering negative public perception around bitcoin and cryptocurrency’ is pure FUD. 0:01:46 The internet itself is awash with scams yet look how adoption of that has gone. 0:01:51 Thanks for watching this video! If you wanna read the whole article you can go to CoinCheckup.com or go to: "NewsBTC", who originally published this news update on their website. -------- Other Credits: Background music: Solar Flares by Silent Partner https://soundcloud.com/search?q=Silent%20Partner Creative Commons - Ask Silent Partner for permission if you want to use this song. Music promoted by Audio Library https://www.youtube.com/channel/UCht8qITGkBvXKsR1Byln-wA * Created with https://content2video.com technology | Creating videos out of your data.