A network of Bitcoin-to-QR-code generators has stolen more than $45,000 from users in the past four weeks, ZDNet has learned.
The nine websites provided users with the ability to enter their Bitcoin address, a long string of text where Bitcoin funds are stored, and convert it into a QR code image they could save on their PC or smartphone.
Today, it's a common practice to share a Bitcoin address as a QR code and request a payment from another person. The receiver scans the QR code with a Bitcoin wallet app and sends the requested payment without having to type a lengthy Bitcoin addresses by hand. By using QR codes, users eliminate the possibility of a mistype that might send funds to the wrong wallet.
Last week,
Harry Denley, Director of Security at the MyCrypto platform, ran across a suspicious site that converted Bitcoin addresses into QR codes.
www.zdnet.com
