The Scams Of 2018: Crypto Thefts and Hacks the community has forgotten
In a year that has been plagued by hacking attempts, phishing and malware attacks, it's hard to remember everything. The cryptic industry has had so much trouble, but the Hard Fork writers have decided to uncover some of the scams that have hit the industry that "you've completely forgotten".
The first scam brought to light two Bitcoin mining companies in Norrbotten, Sweden. These companies quickly came out of the market when it began to fall, leaving behind the electricity bills owed to them. One of the companies, NDGC, has decided to declare bankruptcy, leaving 1.5 million dollars of bills that still have to pay for their electricity, despite the maintenance of the rent. The other companies, Chasqui Tech, they did not pay the rent, but it is not clear whether they even extracted Bitcoin while it was active.
In September, the next scam on the list it happened – the hacking of over 700,000 sites. This involved StatCounter, which is a service that allows Web sites to track their traffic by embedding a code in the existing Web page. Hackers managed to get access to the code, infecting websites by the thousands. Despite the widespread impact, hackers seemed to want only to gain access to Bitcoin merchants from Gate.io. The company that discovered the attack, ESET, found that the compromised code did not actually do anything to anyone except Gate.io traders.
The third scam that the Hard Fork addresses are one in October, which resulted in an investigation by McAfee and Inskit. The two security experts published their joint work, which discovered a ransomware scheme within an alleged affiliate program. The scheme came from a "company" called Kraken Cryptor, which required users to pay their own Bitcoin to access an anti-virus tool, which was actually malware. The installation would have encrypted the system software before requesting a Bitcoin redemption to be paid for the rewards. So far, the identity of creators has not been publicized, but within the malware there are more blocks that prevent attacking the countries that were previously in the Soviet bloc.
Almost at the end of the list, The Hard fork makes a South Korean business man appear who has been tricked with counterfeit banknotes to give up his Bitcoin. The scam took place in August, when the business man was attracted by a Serbian man and his wingman on the French Riviera. The business man had to promise to send 2.3 million dollars of Bitcoin with the knowledge that the couple would provide him with the equivalent in euros. After the transaction took place, the business man discovered that the euro was counterfeit and eventually the police captured the Serbian man. However, his partner in crime seems to still be out there.
The Hard fork pay attention to the ongoing Twitter scams to conclude the list. Throughout the year, Twitter has managed to penetrate the authenticated accounts of many important organizations and companies, such as governments, television programs and retailers. Although the misleading promises of sweepstakes and rewards, the little posts ended up falsely impersonating large cryptographic names, such as Justin Sun of Tron is Vitalik Buterin from Ethereum.
Such as 2019 it starts, it will be interesting to see what the hackers think. However, this year it was hoped that the platforms would encourage them to protect themselves with greater rigor and potentially have taught investors how to avoid losing your cryptographic resources.