Tech

Elon Musk and John McAfee cryptocurrency scams are back

It’s a new week, which means only one thing: it’s time for Hard Fork’s roundup of cryptocurrency and blockchain headlines from over the weekend.

Let’s get to it.

1. Security researchers from Trend Micro have uncovered a new type of cryptocurrency mining botnet. The malware targets Android devices by exploiting a debug port normally used by developers to fix defects in apps, CoinDesk reports. So far, 21 countries have been hit, with South Korea the worst affected.

2. Israeli police arrested two brothers in connection with the infamous 2016 hack of cryptocurrency exchange Bitfinex, local news reports. Israeli police told Finance Magnates that the pair is believed to have pocketed “tens of millions of dollars.” The case is currently ongoing.

3. Security researchers note there’s an increase in cryptocurrency giveaway scams, Bleeping Computer reports. Scammers impersonate the likes of Elon Musk or John McAfee, and promise free Bitcoin in exchange for a small investment to “verify your address.” In one instance, scammers appear to have netted nearly $5,000 worth of cryptocurrency. It’s starting to look like 2018 all over again.

4. As the blockchain industry continues to grow, skills gaps are beginning to appear. To address the shortage of blockchain talent in Malaysia, the country’s government is trialing a specialized work visa to attract skilled developers and professionals, local news reports.

5. An Iranian energy official has fired a warning shot to cryptocurrency miners in the country, threatening to cut off their electricity supply, according to local news. The official went on to say that using the national grid to power cryptocurrency mining machines is illegal, and Bitcoin miners would be found and their power cut off. Yikes!

Well, there you have it, the weekend’s top cryptocurrency and blockchain headlines! And we didn’t even mention Facebook’s Libra once. Oh, wait…

Published June 24, 2019 — 07:55 UTC

Content sourced fromTNW

*This section only applies to third party rss feed users*
Kashmir Broadcasting Corporation allows the use of RSS Feeds, but with our content usage we expect that credit is given, but in the event that it is not. This content policy annotation will act as a credit towards KBC (Kashmir Broadcasting Corporation) Please visit kbcchannel.tv for more news and articles — we can not justify what is written on a third party site, as the content can be altered to their specification, if something is not authentic as it should be please visit kbcchannel.tv and look for the original content. if it is no longer there then it can no longer be associated with Kashmir Broadcasting Corporation and if the content on a third party site has been altered to the point of offence or deemed inappropriate please report it to KBC via email: report@kbcchannel.tv or fill the submission form on kbc’s website: https://www.kbcchannel.tv/report-form/ with the details of the site and article heading — Thank You

Website — https://www.kbcchannel.tv/
FaceBook — https://www.facebook.com/kbcchanneltv
Twitter — https://twitter.com/kbcchanneltv
YouTube — https://www.youtube.com/channel/UCV6TFLe3dGbavSYilnC2paQ
Instagram — https://www.instagram.com/kbcchanneltv/

Tags
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker
%d bloggers like this: