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'Transaction Received' Email Scam

Posted: June 3, 2020

The 'Transaction Received' email scam (or 'Transaction received into blockchain wallet' email scam) is an elaborate tactic that tries to trick users into believing that their Bitcoin wallets have been increased with a random amount of Bitcoin – usually around 0.55 BTC or $5,200 approximately. The email is branded with the 'Blockchain.com' logo and contains links to official Blockchain.com applications on the Google Play Store and the Apple App Store. However, users are asked to confirm the transaction by following a link titled 'Confirm Your Transaction' – clicking on this link will take them to a 3rd-party website that is operated by the con artists behind the scheme.

There, they may be asked to confirm the transaction by submitting various information or even payment details. In some cases, the 'Transaction Received' email scam may tell its targets to confirm the transaction by transferring a small amount of cryptocurrency (Bitcoin or other) to a wallet controlled by the con artists. Needless to say, regardless of the steps they ask you to take, you will not end up getting anything in return – instead, you may end up being the victim of identity theft, money theft, etc.

The 'Transaction Received' email scam is likely to target users who interact with cryptocurrency trading platforms and wallets regularly – if you are part of this group of users, then we advise you to be careful with incoming email messages, which tell you that you have Bitcoin to collect.