EddieJayonCrypto

 12 Aug 24

tl;dr

A new crypto scam using QR codes to deceive users into authorizing wallets is spreading, per Bitrace. The scam offers over-the-counter trades and rewards in Tron (TRX) to entice traders, making a small USDT payment to gain trust. Bitrace warns that the scam involves theft through a payment QR code t...

Bitrace has issued a warning regarding a new cryptocurrency scam that utilizes QR codes to deceive users into authorizing wallets, resulting in the theft of $120,000 in USDT from 27 victims. The scam entices traders with over-the-counter trades and rewards in Tron (TRX), making a small USDT payment to build trust. However, Bitrace found that the scam involves theft through a payment QR code transfer test, tricking users into authorizing wallets. When tested with an empty wallet, clicking "Confirm" directed users to a third-party website, leading to wallet authorization theft. The alleged fraudsters scammed 27 victims out of $120,000 worth of USDT between July 11 and July 17, 2024. Bitrace advises investors to conduct a risk check on the counterparty's address before engaging in transactions. Source: Bitrace/X.


A new cryptocurrency scam utilizing QR codes to deceive users into authorizing wallets has been identified by Bitrace, a crypto data analytics firm. The scam attracts traders with over-the-counter trades and rewards in Tron (TRX). After making a small USDT payment to gain trust, fraudsters use a payment QR code transfer test to deceive users into authorizing wallets. Bitrace conducted a test with an empty wallet and found that clicking "Confirm" directed users to a third-party website, resulting in wallet authorization theft. The scam led to the theft of $120,000 worth of USDT from 27 victims between July 11, 2024, and July 17, 2024. Bitrace recommends conducting a risk check on the counterparty’s address before engaging in transactions. Source: Bitrace/X.

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In the current market, the S&P 500 index has exhibited a strong bullish trend, supported by the 50-day moving average. The Relative Strength Index (RSI) also indicates a bullish momentum, approaching overbought levels but still within a reasonable range.


The tech sector has shown resilience, with stocks like Apple and Microsoft displaying a clear uptrend, while Amazon has approached a key resistance level. Facebook, however, faces a bearish trend after breaching its 200-day moving average.


The energy sector presents an interesting picture, with Exxon Mobil and Chevron experiencing a bullish breakout, while the overall sector remains in a consolidation phase, potentially indicating an impending bullish move.


Gold has encountered a strong resistance level, signaling a bearish outlook, while Bitcoin's price action suggests a potential bullish reversal from its recent consolidation pattern.

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Sector: Energy & Transportation

Industry: Mining & Quarrying of Nonmetallic Minerals (No Fuels)

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EPS (TTM): 2.96

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52 Week Low: 107.25

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Dividend Yield: 0

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