Elwood Technologies has recently become aware of a fraudulent mobile app impersonating the Elwood Technologies brand. Using the Elwood logo and colour palette, the app circulating in China and Taiwan requests account signup information and other personal details from users before allowing them to deposit and “purchase” bitcoin (BTC) and other digital assets. As soon as the user requests a withdrawal, the app immediately locks the account and steals the deposited funds.
Elwood is to emphasise that we have no operations in the China and Taiwan regions, and we have no association with this application (nor do we have an application).
We wanted to quickly make our community aware of this scam and remind all members to exercise the utmost prudence and caution when transacting with their digital assets online or using applications.
All official Elwood products and information should be viewed directly from Elwood.io.