Final thoughts about Maladvertisement Campaign

StormEye believes these maladvertisements and acts of phishing will be abated, and more people will fall victim. Whilst regulatory monitoring and the resulting punishment might deter, as the cyber world has no geographical, the deterrent effect is limited. StormEye strongly suggests the old caveat emptor should still be faithfully followed by users of internet lest…

Campaign Information

Since late June, 2019, StormEye team have observed a rise of Facebook advertisements related to Alan Tam’s secret investment.  It raised our caution that this might be related to a series of cryptocurrency scam or maladvertising events. The following screenshot shows one of the Facebook advertisements we have captured and collected. Figure 1 Screenshot of…

Background of the Maladvertisement Campaign

In July 2019, StormEye, in its routine scouting over online security landscape, spotted irregularities in multiple Facebook advertisements related to Mr. Alan Tam’s investment of Bitcoin. The series of advertisements triggered StormEye’s alert system which ran on the back of Facebook softened the advertisement policy related to cryptocurrency and blockchain and the speech made by…