Don’t Fall for It: Scammers Are Impersonating CoinDesk Staff on Social Media

Scammers have been impersonating CoinDesk reporters and editors in recent months, promising coverage of projects in exchange for a fee. 

At least two different victims have paid hundreds of dollars in bitcoin and ether to these crooks and contacted us only after realizing something was wrong. 

To be clear: CoinDesk does not, and will never accept payment for coverage. 

If you are being contacted by someone claiming to be one of our reporters on Telegram or LinkedIn, and they ask for payment, know that the account reaching out is a fraud. Please report them to the relevant social media platform, and to us, right away, by emailing fraud@coindesk.com. If possible, please include screenshots of what they wrote.

If you need to confirm you are, in fact, communicating with a CoinDesk staffer please email news@coindesk.com.

Why are we writing this?

Scams and crypto go hand-in-hand. We hate that this is the case but it is the truth. Now that CoinDesk has been implicated in a number of scams, we’d like to explain what is being done and how.

Most of the victims receive a Telegram message like this one:

Don’t Fall for It: Scammers Are Impersonating CoinDesk Staff on Social Media 1
Multiple potential victims have reported verbatim messages sent from accounts purporting to be at least four different CoinDesk reporters and editors.
Source: Image via CoinDesk

The back and forth between the scammer and the news editor is usually friendly and, in some countries where organizations often pay for news coverage, expected. The opportunity is simple: send the scammer $500 or so in bitcoin and get onto CoinDesk’s front page.

There is usually some back and forth and some of these scammers have gotten sophisticated to the point where they are spoofing CoinDesk email addresses to “verify” their identities (check the headers of these emails!). One con artist even forged a CoinDesk editor’s passport to “confirm” their identity. 

Don’t Fall for It: Scammers Are Impersonating CoinDesk Staff on Social Media 2
A fake passport sent to a fraud victim by a scammer as “proof” of identity. For the record, CoinDesk Executive Editor Marc Hochstein is six years younger than the made-up birthdate shown.
Source: Image via CoinDesk

One of the victims requested $150 in USDC to be sent to this address: 0x586Cb8bd74D6A6d69EC3AF69914eE478Ddfd4eeE.

One scammer went so far as to create an invoice for their victim to further lend their offer credibility.

Don’t Fall for It: Scammers Are Impersonating CoinDesk Staff on Social Media 3
CoinDesk is not located at this address.
Source: Image via CoinDesk

CoinDesk is working with our legal counsel and tech team to find ways of thwarting these impostors. 

In the meantime, please verify the handles of the accounts reaching out to you. CoinDesk’s reporters and editors list their digital accounts on their individual author pages. 

You should also email the writer or editor directly if you have any questions. 

Why you shouldn’t pay for coverage… ever

We understand marketing is hard for a startup. In a world full of good ideas, how do you make your voice heard?

Paying for coverage isn’t one of them. In the years we’ve been writing, many “PR people” have approached startups with sure-fire ways to appear on the front pages of multiple big organizations. Some of these people are outright frauds. Some of them will actively reach out to editors on your behalf and tell them you are building something cool and that they should write about you. The chance that you will get a post out of that interaction ranges from zero to a few percents, especially if the PR person has a prior relationship with that reporter.

What is the best way to reach out to any reporter?

Prepare an email that says “Hey, I’m doing something cool. I’m the CEO of [your company], a company in [place]. It is a [what your project does.] Can I show you how it works?”

Include a link and screenshots. Research reporters who might be interested in your topic. Find their emails, Twitter handles, etc.

Reach out exactly three times. If they don’t respond, move on. That, in short, is the best strategy for reaching out to any reporter, including ones at CoinDesk.

The bottom line?

Never pay for coverage. Never expect coverage in return for tokens or cash. Avoid any news outlet that asks for payment.

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin35,201 0.44 % 1.24 % 18.36 %
Ethereum2,405.1 1.02 % 3.56 % 28.34 %
Tether1.000 0.19 % 0.09 % 0.33 %
Binance Coin366.21 0.67 % 4.10 % 26.55 %
USD Coin1.000 0.11 % 0.17 % 0.24 %
Cardano1.040 1.14 % 6.99 % 25.88 %
XRP0.6033 1.10 % 2.40 % 22.60 %
Solana87.83 0.36 % 12.90 % 40.63 %
Terra63.76 1.80 % 7.37 % 26.72 %
Polkadot17.37 0.77 % 6.91 % 37.37 %

bitcoin
Bitcoin (BTC) $ 35,033.00
ethereum
Ethereum (ETH) $ 2,394.60
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 363.59
usd-coin
USD Coin (USDC) $ 1.00
cardano
Cardano (ADA) $ 1.04
xrp
XRP (XRP) $ 0.602804
solana
Solana (SOL) $ 87.05
terra-luna
Terra (LUNA) $ 63.14
polkadot
Polkadot (DOT) $ 17.26