Bitcoin QR Code Scams Found Flooding Google Search Pages
The crypto industry has not been without its fair share of scams and cons. Bitcoin has battled this reputation since its inception and FUD-fueled mainstream media outlets do not help matters. Social media and search giants are equally to blame but that doesn’t stop the Bitcoin bashing.
More Fake Google Results For Bitcoin
Researchers have discovered that the majority of links returned in Google search pages for Bitcoin QR code generators are for fake or scammy websites. Forbes, in its usual Bitcoin-bashing stance, that it is just another crypto scam that has hindered adoption.
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. The study reported that 4 out of the first 5 results presented when querying Google were leading to scammer’s website.
According to the researchers from crypto wallet provider ZenGo, the QR codes generated from one of these fake websites will send the to the scammers address. The QR codes are used to capture the data by mobile phone cameras, in this case to quickly share a Bitcoin address.