Facebook’s Libra Has Garnered the Attention of Hackers with Several Fake Websites Popping Up

Ever since Facebook revealed its plans for a cryptocurrency dubbed Libra, many have taken it as a positive sign. More specifically, Libra is deemed a sign of mainstream adoption, as more people are being introduced to the notion of cryptocurrencies. Who can forget the team behind Libra, which is said to be a coming together of 27 different organizations as seen in the tweet below.

Unfortunately, with every good comes some bad and this appears to be the case with Libra. It has been revealed that several fake websites exposing Libra have since popped up in a way to scam consumers reports news outlet, The Independent.

According to the findings, over 100 domains have been registered in relation to Libra, with nearly 12 percent of them advertising a digital wallet called Calibra.

Digital Shadows’ researchers were initially the ones to catch this trend and believe that said domains are being registered either to serve as an imposter of Libra or to scam consumers. A representative from Digital Shadows, Alex Guirakhoo commented on this event, noting that it was not surprising at all.

Guirakhoo believes that the aim of hackers is to:

“convince victims that they are on a legitimate website, and therefore more likely to trust it with personal and financial data.”

One way to catch these fake sites, as per the representative, is by looking into the fonts used. Guirakhoo claims said criminals are accustoming to using fonts that resemble,

“Greek, Cyrillic and other alphabets that resemble those from the Roman alphabet used in English.”

An advice that has since been offered to consumers is to question the reality of the incentives offered. If they are too good to be true, then they really are too good to be true and shouldn’t be fallen for.

As for Facebook’s sentiment regarding this concern, an individual from the social media platform has since shared with The Independent that the necessary actions will be taken in discussing with the Libra Association.

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