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Bitcoin Scams

New Bitcoin Scam Targets Fortnite Gamers And Their BTC Holdings

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There haven’t been many cryptocurrency scams in the latest digital currency news on our website lately. However, in order to prove that they are still here, the hackers have recently developed a new Bitcoin scam that targets players of the mega-popular video game named Fornite.

In fact, it was the game that served as the main inspiration for the hackers. First discovered by a company named Malwarebytes Labs, the new malware is disguised as cheat tools that can steal data and Bitcoin directly from the wallets of Fortnite gamers.

As the lead malware intelligence analyst at the company said in a blog post, the malware is commonly present among YouTube videos offering “free” season passes and offers for “free” Android version of Fortnite.

In order to find the malware, the analysts needed to subscribe to a YouTube channel, get prompted to visit different sites and then take surveys before downloading the malware. One of the videos was titled “New Season 6 Fortnite Hack Cheat Free Download September 2018 / WH / Aimbot/ Undetectable” another was titled “Fortnite Hack Free Download,” while there is also one that was titled “Fortnite Cheat.”

There was even a video that racked up 120,892 views before being removed for violating YouTube’s spam policy, according to Boyd, who also noted that the disguising malware as a cheat tool is not a new technique – but one that can do a lot of damage.

“Offering up a malicious file under the pretense of a cheat is as old school as it gets, but that’s never stopped cybercriminals before. In this scenario, would-be cheaters suffer a taste of their own medicine via a daisy chain of clickthroughs and (eventually) some malware as a parting gift. Winning is great, but it’s absolutely not worth risking a huge slice of personal information to get the job done.”

With this, Boyd advises Fortnite gamers to be wary of malware offers like these, mainly because the Internet is full of them and that they are very deceiving.

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Bitcoin Scams

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

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.
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Bitcoin Scams

South Korea: Five Arrested In A New Crypto Mining Malware Case Involving 6,000+ PCs

A new case from South Korea is in the latest cryptocurrency news, this time for illicitly injecting crypto mining malware into more than 6,000 computers in the country. According to the report from the Korean National Police Agency Cyber Bureau, the group consisted of five hackers led by a 24-year old named Kim Amu-gae, all in total releasing 32,435 emails containing cryptocurrency mining malware that targeted desktop users in South Korea. Over a period of two months, the group managed to send messages containing malware to tens of thousands of job applicants, posing as employees in the company they applied for. According to the police report, the hackers obtained the email addresses of job applicants in large-scale conglomerates in the tech sector. The group is now suspected of sending emails that contained malware disguised in the form of documents and files that were sent to individuals who filed their applications on recruitment platforms. The individuals were misled by clicking on the attachments or downloading them believing that the documents were sent by companies, while their computers got compromised with a cryptocurrency mining malware in the background. The local police said:
“Because cyber security firms and anti-virus software operators responded quickly to the distribution of mining malware, the group of hackers were not able to generate a significant revenue from their operation. In most cases, anti-virus software detected the malware within three to seven days. If the malware was detected, the hackers sent new malware, but it was detected again by anti-virus software,”
Carried into over 6,000 actively used computers, the operation managed to only generate $1,000 in profit in total.    
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Bitcoin News

[UPDATED] Crypto Pioneer Charlie Shrem Fights Back The Accusations Of Stealing 5,000 Bitcoins

A few days ago in our crypto news, we posted the story of Charlie Shrem who is accused of stealing 5,000 bitcoins from the first bitcoin billionaires Cameron and Tyler Winklevoss. At that time, Shrem’s lawyer Brian Klein did not provide the public with an answer or a statement but just two days ago he responded that the 5,000 Bitcoins in question belong to a certain ‘’Mr.X’’ and therefore the lawsuit is nonsense. According to Klein, Shrem made no wrongdoing whatsoever and that this lawsuit is only an ‘’ambush money-grab’’ in order to damage Shrem financially. As DC Forecasts crypto news site reported, the Gemini founders had given Shrem more than $200,000 to help them invest in Bitcoin. They say that approximately $60,000 of those funds Shrem used to purchase BTC for himself that are now worth about $30 million. The twins pointed out the lavish lifestyle Shrem was living and noted that he had no money when he went to prison three years ago. Shrem was accused of selling cryptocurrency to people who intended to purchase drugs on the dark web marketplace. For this reason, the twins hired a private investigator that then discovered that a bitcoin wallet that received 5,000 BTC from an address associated with Shrem. Klein on the other hand, claims that these funds belong to Mr. X who asked help from Shrem in order to move his coins into cold storage. He then sent the funds to Shrem’s bitcoin address.
 “Nor can WCF prove Shrem engaged in any misconduct. He did not. Shrem can show by verifiable evidence that he did not take the 5,000 bitcoins WCF accuses him of taking and that they belonged to Mr. X. Shrem, therefore, did not breach any duty to WCF, even if one were found to exist.”
Both sides are going to meet in court tomorrow Nov. 8.
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Bitcoin Scams

Fake Elon Musk Twitter Accounts Promote Bitcoin Scams, One Got Away With $170k

In the latest crypto news that surround our Bitcoin Scams section, we have new malicious attempts by Twitter users who are reportedly creating verified Twitter accounts that have been hacked to impersonate Elon Musk. After compromising the accounts, the scammers change the profile names and picture in order to pose as Elon Musk, and start posting tweets that say the Tesla CEO was conducting "the biggest" crypto giveaway in the world for those who use "Bitcoic" (read Bitcoin) and provided a link to participate in the giveaway. One of the verified (hacked) accounts even managed to get away with $170,000 by people who believed the crypto scam and posed as the Tesla CEO. In order to skirt the security measures, the scammers changed one of the characters in the name while maintaining a display name that appeared to be "Elon Musk" at a glance, precluding Twitter from flagging the amount. Elon Musk is not the first individual in the crypto and tech space that has been impersonated. The CEO of Telegram, Pavel Durov, earlier this year tweeted a warning in which he told his followers that the messaging app was expeiencing downtime due to the server clusters overheating - offering crypto to users as a "thank you" for [their] support.
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