Posts Tagged ‘safety’

ICO investment guide to review before you leap

App Developer Magazine published a guide of what to look for when considering an ICO Investment that might keep you from regretting it. When considering an ICO Investment, ask yourself the following: Does the ICO have its team present on a Linked In page? Are the Linked In pages of established team members completely filled […]

Tesla Hackers Hijacked Amazon Cloud Account to Mine Cryptocurrency

An unidentified hacker or hackers broke into a Tesla-owned Amazon cloud account and used it to “mine” cryptocurrency, security researchers from RedLock said. The breach also exposed proprietary data for the electric carmaker. The incident is the latest in a string of so-called cryptojacking attacks, which involve thieves hijacking unsuspecting victims’ computers to generate virtual currencies […]

System to Guarantee ICO Investments Being Built in Russia

Globex, the commercial bank subsidiary of the government-owned development bank VEB (Vnesheconombank), is working together with the Russian Association of Cryptocurrency and Blockchain (RACIB) and its partner website Crowdhub to create the first system of guarantees for investments in cryptocurrencies in Russia. According to the project development plans, the system will “help investors to make […]

Bitcoin Thieves Threaten Real Violence for Virtual Currencies

The rich have always feared robbery and extortion. Now, big holders of Bitcoin and its brethren have become alluring marks for criminals, especially since the prices of virtual currencies entered the stratosphere last year. Virtual currencies can be easily transferred to an anonymous address set up by a criminal. While banks can stop or reverse […]

Cryptocurrency mining site hijacked millions of Android phones

Malwarebytes has detailed a «drive-by» mining campaign that redirected millions of Android users to a website that hijacked their phone processors for mining Monero. The exact number of victims isn’t apparent, but it’s large. Malwarebytes identified five internet domains using the same captcha code and Coinhive site keys used for the campaign. At least two of […]

Sentinel Chain ICO: Vulnerability Exposed Investors Personal Data, Passport Photos

After launching its ICO on February 5, cryptocurrency startup Sentinel Chain temporarily halted the token sale after it was notified that the system it used to verify its users was leaking the personal data — including passport photos — that those users were supplying to the company. According to Sentinel Chain, 15 registered participants used the vulnerability […]

Report: Hackers Divert up to 10% of ICO Funds

Participating in ICOs still offers unprecedented opportunities to buy into the technology of tomorrow, yet understanding safety is important. But according to Hartej Sawhney of, up to 10% of funds from the entire ICO sector ended up stolen. Naturally, some projects are affected much worse than others. With a global ICO sector reaching $4 […]

Scam Alert: Beware Twitter Accounts Impersonating Cryptocurrency Firms and Figures

In an effort to steal innocent people’s money, scammers have begun to use various Twitter accounts that impersonate major firms and figures within the cryptocurrency world. The scams usually include some classic-scam-element of time pressure — either limiting the reward to the first X people to make the «donation,» or stating that the offer expires […]

Insurers Begin to Offer Cryptocurrency Theft Cover, Tackling Risks of Growing Sector

Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but rapidly growing business. The risks are clear: digital currency investors have already lost billions from dozens of cryptocurrency hacks, technical errors and fraud. For insurers the […]