Bitcoin companies are in a daily battle trying to gain trust and reassure people that the cryptocurrency is safe. With increasing numbers of high profile cases of theft, technical incompetence, and fraud resulting in the loss of millions of dollars it’s no surprise that many are skeptical.
Even companies that are backed by large investments are worried about the current discussions revolving around bitcoin’s future.
In the midst of all the negative light Bitcoin is receiving, the last thing it would need is someone impersonating a bitcoin-based company trying to scam unaware customers.
Blockchain, a bitcoin wallet startup was recently a victim of this impersonation, and that exact scenario took place.
Someone created a Twitter account that had the name “Biockchain” with a capital I to make it look like an l. The company was caught impersonating Blockchain and trying to solicit donations to develop a new exchange and wallet software for other types of cryptocurrencies.
With Twitter’s default sans-serif font, the difference was nearly unoticable.
The fake spoof account @biockchain was able to attract over 70,000 followers even though many speculate that most of them were fake followers, since even the real @blockchain only has around 26,000 followers.
The con was reported and its users seem to have disappeared, reports are saying Twitter took the account down.