Fake Bitcoin Wallet Scam Spreading Compromised BTC Core Versions to Inexperienced Users


Every now and then we come across a Bitcoin Core impersonating scam. Bitcoincorewallet.org seems to be one of the latest culprits.

In the description on their website, they write:

“Bitcoin Core is the fundamental software used by Bitcoin users to send, receive, and store Bitcoin. There are numerous other wallets that can do these tasks today, but in 2009 when Bitcoin was new, Bitcoin Core was the only shop in town. Satoshi Nakamoto created the wallet to serve as a dashboard for the sending and receiving of Bitcoin. To distinguish it from the Bitcoin Network, Bitcoin Core is sometimes referred to as the “Satoshi Client”. People who run the Bitcoin core wallet are running a “Full Node” in the Bitcoin Network, to which the Bitcoin Core Wallet is connected. This means that the Bitcoin Core wallet helps the Bitcoin network confirm and relay Bitcoin transactions (sending, receiving, purchases). The Bitcoin Core wallet is necessary for the Bitcoin network to function at all. This means that Bitcoin Core is more than a wallet, but for everyday users, its wallet functionality is all that’s necessary to understand. We’ll cover the deeper functionality in the rest of this Bitcoin Core review, but new users should not be worried that we’ll get too technically complex.”

Everything about the description looks like nonsense written in an attempt to deceive people. First of all, the story of the creation of Bitcoin Core wallet is factually wrong. Ther claim that Bitcoin Core Wallet being necessary for Bitcoin Network to function is misleading. Additionally, they did not mention anything about their wallet and steered clear of writing anything substantial.

If we look at the history of the domain, it was registered only on March 12th. In these 2 weeks, they targetted users on Stack Exchange, GitHub, and Reddit.

Spotting fake Bitcoin wallets is a bit tougher because wallets primarily are about storing bitcoin and not buying or selling it. It has less to do with money than it does with the software you may use. Typically, fake Bitcoin wallets are just scams for malware to infect your machine in order to steal your passwords or private keys.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide