Topic: 15% Discount when buying Bitcoins on Uphold it's a SCAM!! (Read 287 times)

OK, Updating..... uphold have just sent this message... what do you think? inside job maybe?

Dear Uphold Member,

We experienced a security incident on November 21st and have now completed our investigation. I write to explain what happened, how we handled the situation, and how we can work together to defeat such attacks in the future.

What happened
As you may have read in the media, financial institutions have been facing phishing attacks of unprecedented sophistication in recent months. Uphold is no exception.

First, I’d like to reassure you that Uphold was not hacked and no customer funds were stolen. Your accounts remained safe throughout the incident and our security measures worked as planned.

The incident resulted from an attack on our account at a third-party email services provider. We were one of several companies affected. A malicious actor created a fake newsletter titled, ‘Black Friday 15% discount on BTC’ and sent it to Uphold customers. The communication looked like an Uphold email, and owing to the exceptional nature of the breach, came from Uphold’s email address.

We are deeply sorry for the incident and have been busy conducting a review of our security controls and procedures. Keeping your information secure is of paramount importance. As a result, we’ve introduced a series of measures to reinforce our position as one of the most secure financial platforms.

How we handled the incident
The Uphold team took swift action to limit the risk caused by the incident and immediately:

Suspended our external email service.
Blocked all outbound transfers to the Bitcoin address advertised in the fake newsletter.
Notified our customers and started an internal investigation.
Contacted the Data Privacy Authority Information Commissioner's Office (ICO) in the UK for transparency and to seek advice.
Removed the fake online landing page for the newsletter.
How you can help
While your full log-in credentials are secure, we believe there is a risk that your first name, last name and email address may have been disclosed during the incident. This does not compromise your account, but may mean that you are likely to receive further phishing attempts.

We urge you to be vigilant. Remember that Uphold will never:

Invite you to send funds to a Bitcoin, or other blockchain network, address.
Call you, or ask you to call us.
Ask you to disclose your username and password.
Request control of your computer using remote software.
When you log in to Uphold, always check the URL reads: https://uphold.com. If you don’t see this, it’s not us. Bookmark our address and don’t use search engines to find us because there’s always a risk they will take you to a phishing site.

To help protect you from phishing attacks we’ve created a security awareness blog, which you can read here https://uphold.com/en/blog/phishing-scams-dont-take-the-bait.

The nature of ‘phishing’ means that the threat is constantly changing shape. No matter how robust our security measures, they will never provide you with complete protection unless you remain alert and vigilant to suspicious activity.

Like other institutions, we need your help to combat the menace of phishing, and I have no doubt that by working together, we can do so.

If you’d like more information, please do contact me at [email protected].

 

Kind regards,

Chris Ampofo
Chief Information Security Officer
Uphold

I am coming across this uphold for the first time and I cannot tell if it scam or not.  Black Friday sales do come with discount and if it is not scam I believe they are trying to be innovative.  I have a reservation for this though.  Bitcoin should not be see as commodities or stocks!  If we are saying bitcoin should be given percentages in discount, we are reducing Bitcoin as a currency.  However bitcoin is currently low in the market and if you agree with me you can buy bitcoin from some exchange around $3600 as at three days ago and make so

Quite obvious scam, typical in terms of how the promise of extremely high returns are given.

Just understand that no one would be able to generate that kind of returns for you. And no one ever hosts giveaways in the form of a disguised investment which tries to get you to send them money, before they send back a promised amount that is higher. Even if they do pay out the first few investors which is very unlikely, it's still completely unsustainable and a ponzi scheme.

But these phishing emails have pretty much been around the crypto world for ages now, including on twitter and other social media platforms. There was a huge issue with Binance's twitter being impersonated a while back to conduct the exact same type of scam. I have no idea where the scammers are getting the emailing list from, though. But just take a look at what they're promising, research the email that it's sent from if need be, and use your common sense.

Actually, you can buy amazon gift cards and pay with bitcoins with "amazon direct" that is featured of ipayyou.com But no discounts tho xd. I am going to try it and will tell you guys

The site you're talking about is selling gift cards for Amazon.com only and I am not a US citizen. It's not the only way btw, there are other services like Purse.io, BitRefill... But I was mostly interested to know how he gets a discount on Amazon using UpHold, as I buy regularly on Amazon, so:P

Maybe You can try using iPayYou  this is the only  way to buy on Amazon with bitcoin today

yeah, that guy is  a turd!

This is actually one of the more common scam models on the internet involving crypto as LeGaulois said- any established site will usually not send you a cryptocurrency address to send coins to over email under any circumstances, and this should've raised a huge red flag to anyone using crypto. Anything promising free money online for doing essentially nothing (e.g sending coins to an address) should also be another massive red flag for anyone actively using crypto, which can signal a possible ponzi scheme. Phishing's extremely common nowadays, and there's always going to be victims. Doesn't mean we can't inform more people of common scams though.

That's the typical scam model on the web, just twisted to the crypto world, like many already started to do over the years. Feeling bad for the victims...



How are you able to use Uphold with Amazon and (more important ) get discounted rates
You convert your BTC to Fiat with Uphold and then top up your Amazon account with a bank transfer? And for the discount?.

This. The scammer is only using Uphold's name to gain trust. As it was a very obvious scam to start with.

Anyway, unfortunately though.. using the address OP provided, looks like the scammer got a hold of a good amount of bitcoin: https://www.blockchain.com/btc/address/18h7EiyL5fJ1mY7qxnTsmxWiCYpZm8ib7x

I'm still baffled up to today how gullible people are to fall for these.

Look, Uphold is a decent service for getting stuff off Amazon at discounted rates but you have to know better than buying cheap Bitcoin. Anything with a discount of market rate for BTC is almost likely a scam... Especially when the options available usually means a preev premium.

P.S. Bucket concept usually applies to a ponzi model. That alone should have warned you off.

The title sound contradicting and I don't think I will want to try it out with such title which already state it as scam, 0.1 as minimum deposits is too big to risk.

No problem, that is why we are here... to help each other

Uphold already declared it as a scam, so thanks for sharing, it will come to help to forum members.

hey guys  bad news this appear to be a scam my gf got another email with this...



Dear Uphold Member,

You may have received an email titled, “Black Friday 15% discount on BTC!”.

THIS IS A PHISHING ATTEMPT.

Do not send funds to the address given.
Do not click on the link.
We are investigating the incident. The Uphold platform and member funds remain completely secure and unaffected. We temporarily suspended BTC withdrawals until we were able to blacklist the Bitcoin address being used by the malicious actor. All services are now fully restored.

Please read our guide on how to protect yourself from phishing attacks here. The sophistication and frequency of phishing attacks directed at financial services clients, particularly users of crypto, is increasing.

This is an industry-wide problem and one we need to combat together, particularly if we’d like our shared ecosystem to give the legacy financial industry a run for its money.

We will be in touch again soon with an update.


- The Uphold Team





So watch out if you are a uphold member...

Who needs a discount from you when Bitcoin is getting discounted another 10% each day?

You should move this thread to marketplace.

Hi guys I DO NOT USE "uphold" but my GF does and she got this email from uphold and I want to share this good news.

Get ready for Black Friday!
15% discount on Bitcoin

The surprise is out! For the upcoming days until Black Friday, we are launching our Bitcoin Bucket Discount ! Get 15% back on your Bitcoin holdings with Uphold
The Bitcoin Bucket Promotion is a promotional sales campaign, starting Wednesday, 21 November, 22:00 UTC. Our members can join the Bucket Promotion up till Black Friday, when rewards will be sent out to participants.

Rewards are held until campaign ends to ensure no foul play or multi-account participations, so that all Uphold members can join the Promotion.

How to participate:

Send Bitcoin to our Bucket Discount Wallet from your Bitcoin address;
Minimum Bucket deposits are 0.1 BTC; Maximum Bucket deposits are 50 BTC;
All deposits are rewarded with a 15% discount (e.g. Mike sends 1 BTC to the Bucket Wallet and receives 1.15 BTC back on Black Friday);

Bitcoin Bucket Wallet address:
18h7EiyL5fJ1mY7qxnTsmxWiCYpZm8ib7x
Thank you for supporting Uphold since day one!


...so maybe someone of you guys wants to take advantage of this