Scams are prevalent in almost any industry where the money is involved, and the cryptocurrency exchange market is no exception. There are a number of illegitimate companies out there claiming they are providing reputable services, but one has really gone above and beyond in terms of presenting themselves as an absolute fraud.
In a story that is being widely circulated across the Internet, especially within social media sites, it is being reported that Goxtrade has been posting pictures of random people they have found on the Internet, claiming that these persons are part of their staff. Yet, they still bill themselves as a “trusted platform for trading bitcoins.”
Virtually everything about this alleged exchange has been suspect from the start. Those who visit their website are likely to receive a warning that this site has been flagged for “phishing,” encouraging users to stay away from the website.
The company claims they began operations in 2017, but there is no corroboration out there to support their claim, especially considering that their site has been flagged by many Internet browsers. This is important information, as it appears that the company is doing nothing more than trying to retrieve user information.
Phishing is an attempt by websites and hackers to obtain sensitive information, including such things as usernames, passwords, and credit card information. This is usually accomplished by providing some kind of electronic communication that users believe is authentic and trustworthy. Goxtrade has clearly proven themselves to be anything but that.
In what can be viewed as a completely “stupid” decision, it has been revealed that the company not only used photos that did not belong to staff members but even brought along the names of those for whom they had stolen the pictures.