Bitcoin is currently experiencing the third largest crisis in history after falling in April 2013 by 83% from $ 259 to $ 43 and the fall of 2013/2014 from $ 1,163 to $ 152, many members of the cryptocurrency community are looking for explanations for the sudden fall of the cryptocurrency.

The key driver in the hysteria associated with the current decline in the market is an e-mail, supposedly sent by the PayPal juggernaut payment system, which suggests that account holders “cease all activities related to trade or the transfer of cryptocurrencies.”

cryptowarning - Are PayPal Emails about Cryptocurrency fake?

The e-mail advises PayPal account holders that trading or translating a cryptocurrency in any way associated with the PayPal platform is strictly prohibited, saying that if users continue such activity, their accounts will block.

The analysis shows that e-mail is fake

PayPal is a major player in the online payment ecosystem and is almost universally offended by the cryptosystem community as a centralized platform, but the idea that it can actively issue statements opposed to crypto-exchange platforms has caused considerable concern.

Warning letters Paypal regarding the cryptocurrency sent to account holders on March 16, were received by millions of users, but since then have been recognized as a forgery. The analysis of the e-mail itself shows that “” is the source domain.

While this may lead to the release of PayPal as the source of emails, presenting it as a simple phishing attempt, email involvement is much more difficult and potentially troubling.

PayPal did not provide convincing information about the apparent hacking and, unfortunately, did not give any explanation as to how the perpetrator behind the email accessed the database used to send e-mail.

Since anyone can have access to a wide range of hacked databases related to BTC through the service and parallel comparing it to another database, it becomes clear that hacking affected a considerable amount of users.

This fact made many members of the community theorize that this list comes from the PAYPAL

Fake PayPal email is sent (or tampered with) from the IBM domain

Further analysis of email, adds discoveries in this story. First, the email did not make any phishing attempts to separate readers from PayPal information or crypto-protection information. The purpose of e-mail seems to be to make it look like PayPal closes accounts of users participating in the cryptocurrency market.

Running the whois query in the domain shows that it registered for the international technology giant IBM, an exciting development.

domainfound - Are PayPal Emails about Cryptocurrency fake?

Many members of the crypto community began to wonder why the domain associated with IBM distributes “FUD,” even though the domain has already linked to other PayPal frauds in the past. Some

 Some Redditors are assuming that the email is a paid marketing campaign run through IBM’s Watson Marketing Campaign Automation service, implying that a party with deep pockets heavily invested in spreading FUD in the cryosphere

However, it seems unlikely that IBM (or its AI software) will actively troll the crypto community.

Spoofing, however, can be a tool used to trick e-mail recipients. It may be necessary to forge the sender’s address to deceive the e-mail software. In fact, it can mislead the user, forcing him to think that the letter came from one source, but in reality, it came from another.

There is no official statement. It is possible the market manipulation

PayPal has not yet published an official report.

Since PayPal recently filed some patents on cryptocurrency transactional systems, it is highly unlikely that the platform intends to block users from using cryptocurrency – or decide for users whether to participate in trading with crypto-currencies.

However, the circumstances of e-mail are very suspicious.
The current market situation coupled with a sharp increase in short-term positions on Bitcoin futures, as evidenced by CBOE reports, and the fact that e-mail has made phishing attempts confirms the credibility of the hypothesis that email can potentially be another manifestation of market manipulation on the highest level.

Leave a Reply