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Showing posts with label Dogecoin. Show all posts

Twitter Ads used by Scammers to Promote Fake Cryptocurrency

 

One must pay attention to all Twitter advertisements that propagate all kinds of the falsified cryptocurrency scam. Tweeters can "promote" an existing tweet in order to promote their own services and information, by showing it to other followers or users on Twitter. The scammers' report on Twitter checked accounts supporting bogus cryptocurrency scams. The scams are allegedly made under the name of these well-known individuals or companies such as Elon Musk's Tesla, Gemini Exchange, Chamath Palihapitiya, and Social Capital. The threat actors have indeed been unbelievably successful with a round of attacks raising over $580,000 in a single week. 

If anyone receives messages from Tesla, Elon Musk, Gemini exchange, Palihapitiya Chamath, Social Capital, or other famous cryptocurrency donations – individuals or companies, they must go as far as they can from such types of posts, because the handles are compromised, and they are scammed. 

Since these scams continue to produce revenue by plundering thousands of dollars via the promotion of Bitcoin, the threat actors are also beginning to threaten other recent prominent cryptocurrencies, including Dogecoin. Dogecoin is the cryptocurrency of Billy Markus and Jackson Palmer, software engineers, who wanted to build an immediate, enjoyable, and conventional banking fees-free payment system. Dogecoin has as its emblem and its name as the face of Shiba Inu dog from the "Doge" memes. 

Twitter users are able to "promote" an ongoing tweet by paying for it being displayed to many other users in their Twitter feeds to advertise its services and content. Security researchers such as Zseano, Jake, and MalwareHunterTeam have found a new technique that crypto-currency fraudsters use, i.e. via tweets on Twitter. 

The technique comprises of the splitting up of URLs so as not to differentiate them by the Twitter algorithms of advertising for fraud. This then brings users to fakes landing pages which have been the social capital; exchanges between Tesla and Gemini, etc. and leads the user to additional real websites with the topics of Tesla or Elon Musk and an address with a Bitcoin, Dogecoin, or Ethereum. Besides, users can send coins to the address and they will actually increase the sum in return. 

Based on some of those scams, a total of $39,628.06 so far has been raised through the use of Bitcoin and Ethereum addresses. Unfortunately, several more cryptocurrency addresses are currently used by scammers, so the created sum is significantly greater. It doesn't mean that it is secure, only because the crypto app is in the app store. Recently, a Trezor-named application has been uploaded to the Apple store. Later, it was discovered to be a scam and the software has been used for phishing passwords and private keys.

Doge Vault hacked, 121 Million Dogecoin appears to be stolen


A Popular Dogecoin online wallet service DogeVault has reportedly been infiltrated by cyber criminals, millions of Dogecoins missing from user's wallet.

A note on the front page of the website(www.dogevault.com) says DogeVault service compromised by attackers on May 11, resulting in a service disruption and tampering with wallet funds.

The website has not provide much information about how much they lost in the heist.  However,  Some users at reddit reported that coins have been transferred to a newly created mega wallet.

According to Dogechain records, this wallet (DHKM6NDUUv9kaHAGi1QU7MRBNKfQiAdP3F) has more than 121 million Dogecoins that is about $56,000 dollars.

"We are currently in the process of identifying the extent of the attack and potential impact on user's funds" The statement on the website reads.

DogeVault suggests users not to transfer any funds to Doge Vault addresses until they finish the investigation.

Dogecoin hacked, 21 million coins stolen


Dogecoin, a virtual currency described as potential successor to the Bitcoin, has been hacked and 21 million coins stolen from the DogeWallet.

The value of Dogecoin is very low comparing to Bitcoin.  The current value is around $0.0057, means the coins lost in the heist are equivalent to about $12,000.


After analyzing the logs, they found that hacker gained to their filesystem and modified the send/receive page to send to a static address.

"We're incredibly sorry to all users who lost funds from the attack. Please use offline wallets as online wallets are meant for new users who aren't using them as a storage of coins" Reddit post suggest users to use offline Wallets.

"Offline wallets are more safe and secure than any online wallet due to possible attacks that can originate from anyone, anywhere."

Dogecoin promised to refund all lost coins.  However, they said in a reddit post that "refunding temporarily halted in the meantime. Even though millions of dogecoins have been returned, there's a lot of users will smaller amounts of Doge that need to be refunded."