There is not a day in a week when we don’t hear about scams happening in the crypto world. The crypto exchange Goxtrade is the latest addition to these kinds of scam activities. Apparently, the firm is extracting the photo of random people from social media. Later it’s putting those people’s picture on its website mentioning them as its own employees.

Adding to the woe, internet sources say that, Goxtrade’s contact details on its website is bogus as well. The phone number of the company connects to some defunct Birmingham clothing company. The email address redirects to a Russian internet company. If this doesn’t sound enough, the firm apparently has no registration. It has no presence in the UK’s registry of companies and businesses. The first report of the scamming comes from Amber Baldet, the co-founder of a startup Clovyr. Goxtrade has put her image designating her as a developer. Amber mentions of this scam on her Twitter.

Though crypto has a lot of scopes, these kinds of firms and their misleading activities will only make the public question the authenticity of the concept of crypto and blockchain.