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The Block Confronts Fake Discount Server Fraud

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On February 23, The Block issued a statement that it had no official Discount server. Recently, fraudsters set up a fake Discount server for The Block and pret…

The Block Confronts Fake Discount Server Fraud

On February 23, The Block issued a statement that it had no official Discount server. Recently, fraudsters set up a fake Discount server for The Block and pretended to be employees of The Block, including Frank Chaparo, Lucy Harley-McKeown and chief editor Sarah Kopit. They contacted dozens of people with fake accounts.

The Block: Recently, there has been a fake employee setting up a discord scam. Currently, there is no official discord server

Analysis based on this information:


The Block, an online news portal that covers cryptocurrency and blockchain, made a shocking announcement on February 23 that stated it had no official Discount server. The Block has a large following in the cryptocurrency community, and the announcement came as a surprise to many, especially those who were availing of The Block’s news services for cryptocurrency investors.

The Block is well-known for in-depth coverage of the cryptocurrency ecosystem, including emerging trends and breaking stories. Its readership includes investors, traders, researchers, crypto enthusiasts, and industry professionals who rely on the platform’s analysis and insight to stay ahead of the curve.

However, the news of the fake Discount server spread alarm among the readership as it posed a significant risk to their investments. A Discount server is engaged in legal over the counter (OTC) cryptocurrency trading, and any unauthorized server could cause an enormous financial loss to investors.

The Block’s statement added that fraudsters had created a fake Discount server, where the individuals – posing as The Block employees, including premium reporters Frank Chaparo and Lucy Harley-McKeown and chief editor Sarah Kopit – contacted dozens of people on various social media platforms, offering to trade cryptocurrencies in the name of the publication. The individuals used fake accounts to lure unsuspecting people to engage in dubious cryptocurrency trading, leading to significant financial losses for the victims.

The piece of news is alarming for not only the crypto community but also media outlets facing similar scams. The Block’s public statement is a plea for caution and due diligence in dealing with cryptocurrency. The incident highlights the importance of staying vigilant and not falling for lucrative deals that seem too good to be true.

In conclusion, the fraudulent activity of a fake Discount server serves as a reminder to be extra vigilant when it comes to cryptocurrency trading. The incident underscores the need for prudence and proper identification protocol by media outlets to verify the authenticity of servers claiming to belong to an organization. While The Block took swift action to distance itself from the fraudulent activity, other firms that may fall victim to a similar situation can learn from this incident and enhance their cybersecurity measures.

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