Scambook.io Extorts Money from Publications by Defaming Them

Scambook.io, a website that portrays itself as a news publication, defames leading publications and sells its own crypto.

The website has been attacking websites like Analytics Insight, Bitcoinist, Outlook India, and several others and publishing fake news about them and posting their images.

The website mentions a one-stop shop for all information about online scammers and fraudsters. However, they run their crypto and try to sell it by defaming others.

Scambook also steals money from the people who invested them.  An investor posted feedback on the same.

They research and target cryptocurrencies and publications that feature them, ask them for money through people who invested, and, in case they are not fulfilled, name their founders and websites.

If you visit Scambook, their about us page is blank, no contact details on the website, no LinkedIn or social profile or even a real picture of the person who runs. They have fake and paid twitter accounts (not even having over 50 followers) who tweet the messages.

Many publications post sponsored content and advise readers to make decisions based on proper research. These publications add a disclaimer and mention the articles are not a piece of investment advice. However, naming publications and their management team and then trying to be a news agency or an information source is unethical. Scambook.io is doing the same and offering fake information to the world.