Dutch crypto scammer Berry van Mourik managed to steal at least $2.24 million in a bitcoin mining investment scam. Following the latest cryptocurrency news, authorities in the Netherlands arrested the suspect in Apeldoorn which a city in the province of Gelderland.
According to the reports by the daily De Gelrderlander, the scammer started the scheme in 2017. Van Mourik was a senior executive of two firms which he used to sell bitcoin mining rigs. He asked investors to buy the rigs saying that he will operate the bitcoin mining operations on their behalf. The dutch crypto scammer promised the investors massive monthly returns of about 0.3 bitcoin.
However, the investors didn’t get the promised returns but they also didn’t get the mining rigs they ordered. Investigations showed that the mining rigs were never acquired by van Mourik in the first place. He used the money to afford a lavish lifestyle that included gambling, buying expensive cars and traveling. His home and business offices were raided in 2018 and most of his possessions are seized.
According to the altcoin news reports, about 100 people were scammed by Van Mourik. This was not the first time he got in trouble with the law. For example, back in February 2018, the court in Amsterdam declared his bitcoin mining firm bankrupt.
The investors never got their mining rigs and each investor put about 3,000 euros which they eventually lost. Some of the investors contacted him and he offered excuses that he was not in the country or he is having trouble with the harsh crypto market conditions. Van Moruik eventually denied the accusations.
The Dutch bitcoin mining scam is similar to one reported earlier in China. In that fraud, multiple people lost about $300 million when the Chinese police discovered the scam. The fraudulent scheme included selling mining machines that could mine multiple cryptocurrencies. More than 300,000 mining rigs were sold and each unit was priced at $840. The scheme lured investors by saying to their customers they could recoup their investments within two months. The price of one of the tokens CAI increased up to $0.29. Consequently, many investors bought hundreds of mining rigs hoping to make tons of money.
New Linux Malware Mines Crypto, Remaining Undetectable
"Skidmap, a Linux malware that we recently stumbled upon, demonstrates the increasing complexity of recent cryptocurrency-mining threats. This malware is notable because of the way it loads malicious kernel modules to keep its cryptocurrency mining operations under the radar," their post describing the new Linux malware noted.The analysts also revealed that Skidmap masks its cryptocurrency mining by using a root kit, which is basically a program that installs and executes code on a system without the end user consent on knowledge. This is how the new Linux malware makes its components undetectable by the infected system and its monitoring tools. Aside from running a cryptojacking campaign on the infected machine, the new Linux malware gives attackers "unfettered access" to the affected system. As the analysts describe it:
“Skidmap also sets up a way to gain backdoor access to the machine, and also replaces the system’s pam_unix.so file with its own malicious version. This malicious file accepts a specific password for any users, thus allowing the attackers to log in as any user in the machine.”Many best cryptocurrency news sites have posted about the rise of cryptojacking so far, and how hackers use their victim's computers to steal crypto through stealth mining attacks which work by installing malware or gaining access to a computer's processing power to mine crypto. Well, new threat reports by McAfee Labs showed that cryptojacking campaigns and ransomware attacks are on the rise. The reports unveil that there is a 29% increase in cryptojacking campaigns this year. This is why it goes a long way to be informed about the latest cryptocurrency attacks and threats.
Philippine Police Makes A Raid On China-Focused Cryptocurrency Scam
“Therefore, these should be registered with the Commission and necessary disclosures need to be made for the protection of the investing public," the draft notes.In February this year, CEZA announced a new set of rules governing digital asset token offerings, designed to regulate the industry and protect investors against acquisition of utility and security tokens.
Crypto Hacker Steals 30,000 EOS Through Gambling Dapps
US Treasury Sanctioned Major North Korean Hacker Groups For Cyberattacks
“Treasury is taking action against North Korean hacking groups that have been perpetrating cyber attacks to support illicit weapon and missile programs. [...] We will continue to enforce existing U.S. and UN sanctions against North Korea and work with the international community to improve cybersecurity of financial networks.”In August this year, many best cryptocurrency news sites talked about the US Treasury and its attempts to sanction hacker groups. The news also reported that the United Nations claimed that North Korea had netted around $2 billion by hacking banks and cryptocurrency exchanges. The UN Security Council North Korea Sanctions Committee also came up with a statement, saying that these hackers formed an essential part of the government's funding, reporting the following:
“Democratic People’s Republic of Korea cyber actors, many operating under the direction of the Reconnaissance General Bureau, raise money for its WMD (weapons of mass destruction) programs, with total proceeds to date estimated at up to two billion US dollars.”On September 1 this year, we also reported that the North Korea official state media denied allegations of massive theft by North Korean agents. The KCNA cited a statement from the National Coordination Committee of the DRPK which accused the US and other hostile forces of spreading slanderous rumors. The statement read:
“Such a fabrication by the hostile forces is nothing but a sort of a nasty game aimed at tarnishing the image of our Republic and finding justification for sanctions and pressure campaign against the DPRK.”The statement also added that the UN is "re-enacting the same old trick as the fascist propagandists of Hitler used to use."
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