Connect with us
  • Home
  • Start here
  • Bitcoin Charts & More
  • Submit PR
  • Advertisement
CLOSE

Bitcoin Scams

Report: Bitcoin Scam That Compromised Several Verified Company Accounts Came From A Third-Party App

Published

on

infected electrum bitcoin wallets

The Bitcoin Twitter scam which managed to compromise several major companies and verified accounts apparently came from a third-party app, according to a new report by the tech outlet The Next Web (TNW). The report is everywhere in the global crypto news in which a Twitter spokesperson has confirmed that the attack came from an outside software provider and not from Twitter’s own system (as it was previously claimed).

The spokesperson also explained that the attackers exploited a third-party marketing solution in order to launch a Bitcoin (BTC) gateway from several verified accounts, such as Google’s G Suite and major US department store retailer Target.

Moreover, the information was implicitly confirmed by Target and the representatives told TNW that the hackers used a third-party marketing app which was authorized to post content on Target’s behalf.

As reported previously in an official crypto press release, the hackers took over G Suite and Target accounts (800,000 and 1.92 million followers on Twitter) and posted malicious gateway links. The messages published by G Suite account users falsely claimed that users could make payments in G Suite using cryptocurrencies.

This is not the first time Bitcoin scammers are taking a hold of famous accounts and doing malicious activities. Previously, they posed as Elon Musk for several times and many other similar scenarios as seen in our Bitcoin Scams section.

Share This With Your Friends
Continue Reading
Comments

Bitcoin Scams

Investor Sues OneCoin Scheme Seeking Class Action

Published

on

By

investor sues onecoin
A former OneCoin investor named Christine Grablis is right now suing the cryptocurrency investment scheme for fraud. As an official complaint in the latest cryptocurrency news shows, the investor sues OneCoin while seeking damages and a class action suit to represent other investors which have been purportedly defrauded by the company. The full list of defendants in the lawsuit includes Grablis on one side and OneCoin Ltd. on the other - as well as the founder of OneCoin, Ruja Ignatova along with her colleagues Konstantin Ignatov, Sebastian Greenwood, Mark Scott and other potential parties that are unnamed yet. Now that an investor sues OneCoin, the topic of the fraudulent scheme is again brought and featured by many best cryptocurrency news sites. One Bloomberg report published on May 7 and featured on a lot of crypto currency websites shows that Ruja Ignatova (founder of OneCoin) has been charged with wire fraud, securities fraud as well as money laundering. On the other hand, the investor sues OneCoin and its other member which include Ruja's younger brother (Konstantin) who is the purported executive at OneCoin and who was already charged with fraud and money laundering in March this year. The investor sues OneCoin in a class action complaint where Greenwood is the co-founder and the "public face" of OneCoin. Mark Scott is listed as a licensed attorney who is using his legal knowledge to help the company launder money via hedge funds. Grablis has hired a law firm named Silver Miller to carry out the complaint. This firm specializes in representing cryptocurrency investors and has issued a press release instructing many of the investors in the scheme that an investor sues OneCoin and that they can do the same and participate in the class action lawsuit too. As we previously reported on our altcoin news site, OneCoin was a global phenomenon and a Ponzi Scheme that used nothing but "smoke and mirrors" tactics to maintain some air of legitimacy - scamming users to invest in the pyramid scheme and potentially hold virtual coins. Through multi level marketing (ML), the scheme sold education materials for trading along with tokens that could be used to mine OneCoins.
`
Continue Reading

Bitcoin Scams

Binance Bitcoin Scam: Hackers Steal 7,000 BTC In Security Breach

Published

on

By

binance bitcoin scam
One of the largest cryptocurrency exchanges in the world, Binance, has suffered a major security breach yesterday, where hackers got away with around 7,000 BTC. The Binance Bitcoin scam was confirmed via a statement shared with many best cryptocurrency news sites on May 7. According to Binance, the hackers used a lot of tactics such as phishing and viruses to get away with a lot of 2FA codes and API keys as well as other information. As the exchange stated, there was one affected transaction where hackers managed to steal 7,000 Bitcoins (BTC) worth around $40 million right now. The Binance Bitcoin scam was confirmed in a letter on the official website. In the letter, the CEO of the exchange Changpeng Zhao (CZ) spoke to the public, stating that the Bitcoin were withdrawn from the hot wallets of the company - containing only 2% of the exchange's total Bitcoin holdings. As Zhao said, the Binance Bitcoin scam did not affect other wallets. As the latest cryptocurrency news show, Binance is suspending all of the deposits and withdrawals. In the meantime, the exchange will conduct a security review to investigate the Binance Bitcoin scam completely, review its systems and do all the work needed to prevent such things from happening again in the future. Trading BTC on the exchange will be active and the traders will be able to adjust their positions accordingly. Zhao has talked about the Binance Bitcoin scam objectively and preventatively, stating:
“Please also understand that the hackers may still control certain user accounts and may use those to influence prices in the meantime. We will monitor the situation closely. But we believe with withdrawals disabled, there isn’t much incentive for hackers to influence markets.”
Right now, Zhao believes that the Bitcoin scam won't have a big incentive to influence markets. As he added, he is working on conducting a Twitter AMA to field questions from the community. The Binance Bitcoin scam has triggered the exchange to use a Secure Asset Fund for Users (SAFU) which will help and cover the incident. The altcoin news show that there is no risk for other altcoins to be stolen. As a reminder, Binance created the fund in July 2018 as a type of emergency insurance for cases like these.
`
Continue Reading

Bitcoin News

ISIS Used Bitcoin To Fund Horrific Sri Lanka Easter Bombings: Research

Published

on

By

isis used bitcoin
New breaking news are reported by many best cryptocurrency news sites, showing that Bitcoin could have played a major role in staging the bloody Easter Sunday and the suicide bombings in Sri Lanka which killed 253 civilians. According to the Israeli blockchain intelligence firm Whitestream, ISIS used Bitcoin to fund these attacks. In a report, the agency revealed that the ISIS used BTC through Canada-based payment gateway CoinPayments - converting the cryptocurrency to fiat money. The firm has identified the mysterious transactions between the wallets that ISIS used to raise contributions for - and the Bitcoin accounts held by CoinPayments. According to Whitestream reports, the balances in the payment company's wallets went from $500,000 to $4.5 million one day before the attacks. The firm also added that ISIS used Bitcoin after its CoinPayments balances dropped back to $500,000 right after the deadly attacks took place - receiving more BTC and processing high-volume transactions. The payment company (CoinPayments) also admitted that they processed high-volume transactions at the time. As the latest cryptocurrency news show, they did not have any knowledge about the money's links with potential terrorist groups. As they revealed:
“CoinPayments admits that their wallet was involved but denied that it is connected to ISIS,” the blockchain intelligence firm told Globes. “It’s possible that the company is not aware of the usage of their wallets, perhaps because ISIS uses straw companies [to] transfer the money.”
For all of you wondering why ISIS used Bitcoin and not any altcoin (which would been featured in our coming altcoin news), the truth is that ISIS-linked Bitcoin wallets exist and WhiteStream has been following them for the past two years. In fact, the company maximized its focus on one specific Bitcoin wallet which was receiving donations actively over different periods. In that manner, WhiteStream found that ISIS used Bitcoin from a wallet address listed on the ISIS fundraising website. According to Levy, the transactions were passively traced back to CoinPayments while the company did not know that they were actually facilitating the ISIS Bitcoin funding campaign. As Levy said:
“Our assumption is that the terrorist organization probably possesses many bitcoin addresses through CoinPayments, with every donation sent to a different address,” Levy told Globes. “On the day before the Sri Lanka terror attacks, we identified two relatively big transactions at this address with bitcoins worth about $9,800.”
In February, Whitestream had named CoinPayments for facilitating Bitcoin-enabled donation campaigns for Hamas which is a Palestine-based Sunni-Islamist fundamentalist group.  
`
Continue Reading

Bitcoin Scams

Microsoft Outlook Emails Hacked, Thousands Of Bitcoin Stolen

Published

on

By

Microsoft Outlook
Microsoft Outlook email users got their emails hacked in a successful attempt to steal crypto including bitcoin. The hackers got a hold of the users’ accounts and the initially reported losses in the coming altcoin news, seem to be expanding further. Jevon Ritmeester, a Dutch engineer, says that the hackers gained access to the Microsoft Outlook accounts via the login credentials of the customer support workers. The hacker later used the information to go over Ritmeester’s emails and managed to reset the passwords and get all of the bitcoin savings from his accounts on multiple crypto exchanges. The engineer is now furious of how Microsoft handled the hack attack calling them negligent. So far, he lost about $5,200. Ritmeester wrote:
“The hackers also had access to my inbox, allowing them to password-reset my Kraken account and withdrawal [sic] my bitcoin.’’
The Dutch engineer explained that the hackers followed a forwarding protocol so each time one of his emails had the word ‘’Kraken’’ in it, the Microsoft Outlook would automatically forward that particular email to a secretive Gmail account which belonged to the hackers. He also made clear that he will not be able to recover his stolen bitcoin ever. Other victims of the Microsoft Outlook scandal shared similar experiences. For example, Shinratechlabs, a Reddit user, pointed out that he lost about ‘’25,000 in crypto as a result of the data breach but didn’t explain further. He also says that he is angry about how easy it was for the hackers to gain control over the Microsoft accounts. He wrote:
 “Lost 25,000 in crypto. Hackers didn’t have my credentials. They just had access to the content of my emails. Didn’t need passwords. Just put in password change requests. Verified the email confirmation links. Any confirmation they needed they had access to.”
As the latest cryptocurrency news writes, the victims are outraged of getting their crypto stolen and are even madder of how Microsoft managed the entire scandal. During the Microsoft Outlook emails breach, the company made clear that only the metadata and customer information was affected and nothing more. Jevon Ritmeester says he will file a police report and will hold Microsoft accountable.
`
Continue Reading

Newsletter

For Updates & Exclusive Offers
enter your email below





ADVERTISEMENT

Join us on Facebook

Recent Posts

ADVERTISEMENT

UPCOMING EVENTS RECOMMEND BY DC FORECASTS

june

No Events

NEWS CATEGORIES

ADVERTISEMENT

Trending Worldwide

X
X