Posts selling Amazon cryptocurrency are a rip-off – AFP Factcheck

“The Amazon Token cost system will facilitate a extra accessible, extra related world monetary system,” stated a Fb submit from December 27, 2021 that has since been eliminated. The same submit on Fb with a photograph of Amazon founder Jeff Bezos linked to the purported “official Amazon Token” website and said: “The ‘Amazon Token’ Presale is Began.”
Some customers clicking on hyperlinks acquired a warning from their browser a couple of probably malicious website. Others might even see a website that incorporates genuine-looking Amazon logos and affords free Amazon Prime memberships for purchasers.
Amazon instructed AFP on January 3, 2022 that it has no cryptocurrency token and that claims on the contrary are a part of a rip-off.
“We take any makes an attempt to misuse our model critically,” an organization spokesperson stated. “We preserve a website to help prospects in figuring out phishing makes an attempt, together with faux webpages. Amazon investigates these complaints and makes use of them to guard prospects and maintain the dangerous actors accountable.”
The web safety agency Avast has famous a proliferation of scams searching for to lure customers to a so-called Amazon Token.
“We’ve discovered that these new scams are very efficient, yielding over USD $100,000,” stated a December 14, 2021 weblog submit by Avast. “Over 300 Avast customers have been shielded from the rip-off up to now week.
“These affords are propagating by way of malicious commercials that imitate reputable information websites and depend on rumors which have been round since July 2021 that Amazon will probably be providing Tokens on the market.”
Avast stated the scheme gave the impression to be an effort to swindle folks out of different cryptocurrencies and probably steal private info for malicious functions.
“If the person makes an attempt to buy the Token, they should create an account, then ‘buy’ the Token with different cryptocurrencies, akin to Bitcoin, Ethereum, LiteCoin, and others,” Avast stated. “Creating an account may probably give the attackers an e-mail password mixture that might be utilized in different assaults.”
The fraudulent posts have appeared in additional than a dozen nations, in response to Avast, and are available amid rising curiosity in bitcoin and different cryptocurrencies, which have seen wild swings that may ship huge positive aspects or losses. Fb has been concerned in an effort to launch a world digital coin referred to as Diem; Amazon has not indicated any participation in a brand new cryptocurrency.
In July 2021, Amazon indicated it was finding out the way it would possibly use cryptocurrency however had no particular plans, in response to a report that it may start accepting cryptocurrency funds.
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