BitStamp detected yet another scam targeting Bitcoin users. Much publicized, the Bitcoin community has faced threats from hackers and other plays for years. Oftentimes, phishing attacks have been used to trick users into giving up their coins to criminal elements. Other times, ransomware attacks have opened the door to a new realm of cyber attack.
Be careful! We have uncovered a Chrome extension called BitcoinWisdom Ads Remover that will try to steal your #bitcoin.
— Bitstamp (@Bitstamp) March 11, 2016
According to researchers, the scam replaced QR code images on bitcoin exchanges with its own addresses. The fraudulent application was listed on Google’s Play store. Some users have noted this is perhaps a good reason why crypto-currencies like Bitcoin should use vanity addresses – transactions addresses easily read and understood by humans. This would make it easier for Bitcoin users to detect when they are being targeted by a phishing attack or other sort of attack.