Internet and e-mail policy and practice
including Notes on Internet E-mail


2015
Months
Sep

Click the comments link on any story to see comments or add your own.


Subscribe to this blog


RSS feed


Home :: Money


07 Sep 2015

Bitcoin Ponzi spam? Money

I just got this most peculiar spam, sent from mostly email provider Sendgrid. It sure looks like a Bitcoin Ponzi scheme to me.

It purports to guarantee a 15% per month return on Bitcoin investments. That is an impossible rate of guaranteed return for a real investment, and typical of what Ponzi schemes offer. It claims the deposits are FDIC insured, but the FDIC only insures dollar denominated bank deposits, and this is neither a bank nor a dollar deposit.

The purported sender, Pantera Capital, is a reasonably well known Bitcoin venture capital company in San Francisco, but note the bit at the bottom where it claims to be in Iceland.

This spam was sent to an address I gave to Bitpay, a company that handles online commerce payments in bitcoins. (I was looking to see if it was worth doing for my small sideline domain registrar. It wasn't.) Bitpay and Pantera both happen to be in the Bitcoin biz but are otherwise unrelated. Did someone steal my address from Bitpay? Was Bitpay dim enough to sell their customer list?

The [FirstName] and [Wallet} codes were actually there in the spam, and the QR codes turn into strings like bitcoin://[Wallet]?amount=0.5. Looks like the crooks weren't very good at mail merge. Just as well.


posted at: 17:27 :: permanent link to this entry :: 0 comments
posted at: 17:27 ::
permanent link to this entry :: 0 comments

comments...        (Jump to the end to add your own comment)

Add your comment...

Note: all comments require an email address to send a confirmation to verify that it was posted by a person and not a spambot. The comment won't be visible until you click the link in the confirmation. Unless you check the box below, which almost nobody does, your email won't be displayed, and I won't use it for other purposes.

 
Name:
Email: you@wherever (required, for confirmation)
Title: (optional)
Comments:
Show my Email address
Save my Name and Email for next time

Topics


My other sites

Who is this guy?

Airline ticket info

Taughannock Networks

Other blogs

CAUCE
The Criminals Behind WannaCry
74 days ago

A keen grasp of the obvious
A little musical history
426 days ago

Related sites

Coalition Against Unsolicited Commercial E-mail

Network Abuse Clearinghouse



© 2005-2014 John R. Levine.
CAN SPAM address harvesting notice: the operator of this website will not give, sell, or otherwise transfer addresses maintained by this website to any other party for the purposes of initiating, or enabling others to initiate, electronic mail messages.