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Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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By subscribing, you agree with our privacy and terms.

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\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 23, 2024

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\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 23, 2024

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By subscribing, you agree with our privacy and terms.

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\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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August 15, 2024

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December 23, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

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NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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December 19, 2024

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August 15, 2024

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Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

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December 23, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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August 15, 2024

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Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

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Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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August 15, 2024

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December 23, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

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Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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August 15, 2024

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December 23, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

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December 23, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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ADVERTISEMENT

\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

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Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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December 23, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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ADVERTISEMENT

\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

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NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

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December 23, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

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Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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December 23, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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ADVERTISEMENT

\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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August 15, 2024

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December 23, 2024

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Follow The Distributed

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\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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August 15, 2024

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December 23, 2024

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\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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December 23, 2024

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\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

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Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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December 23, 2024

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\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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December 23, 2024

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\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

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December 23, 2024

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\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

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Follow The Distributed

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\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

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\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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December 23, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

Banking

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\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Banking

NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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December 23, 2024

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\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 23, 2024

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\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 Next

Most Read

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NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions

July 18, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Artificial Intelligence

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Major Australian Banks Collaborate To Launch Anti-Scam Network

December 23, 2024

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Type your email here

Follow The Distributed

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\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\u201cOnce the request is signed, the attacker will transfer NFTs<\/a> and ERC-20<\/a> tokens out of the victim\u2019s wallet,\u201d<\/em> Beosin\u2019s researcher added.<\/p>\n\n\n\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
According to a security researcher at blockchain security firm Beosin, the website employs a crypto wallet draining kit. This tool entices visitors into signing requests, posing a potential security threat.<\/p>\n\n\n\n
\u201cOnce the request is signed, the attacker will transfer NFTs<\/a> and ERC-20<\/a> tokens out of the victim\u2019s wallet,\u201d<\/em> Beosin\u2019s researcher added.<\/p>\n\n\n\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Twitter Security Issue<\/h2>\n\n\n\n
According to a security researcher at blockchain security firm Beosin, the website employs a crypto wallet draining kit. This tool entices visitors into signing requests, posing a potential security threat.<\/p>\n\n\n\n
\u201cOnce the request is signed, the attacker will transfer NFTs<\/a> and ERC-20<\/a> tokens out of the victim\u2019s wallet,\u201d<\/em> Beosin\u2019s researcher added.<\/p>\n\n\n\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The website linked in the tweet is remarkably well-crafted, resembling the layout and design of a legitimate project called ChainGPT. The scammers made minor modifications, primarily prompting users to connect a cryptocurrency wallet. <\/p>\n\n\n\n
Twitter Security Issue<\/h2>\n\n\n\n
According to a security researcher at blockchain security firm Beosin, the website employs a crypto wallet draining kit. This tool entices visitors into signing requests, posing a potential security threat.<\/p>\n\n\n\n
\u201cOnce the request is signed, the attacker will transfer NFTs<\/a> and ERC-20<\/a> tokens out of the victim\u2019s wallet,\u201d<\/em> Beosin\u2019s researcher added.<\/p>\n\n\n\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The author made sure to restrict who can reply to the post. This is to avoid others' warning that the link was a scam. <\/p>\n\n\n\n
The website linked in the tweet is remarkably well-crafted, resembling the layout and design of a legitimate project called ChainGPT. The scammers made minor modifications, primarily prompting users to connect a cryptocurrency wallet. <\/p>\n\n\n\n
Twitter Security Issue<\/h2>\n\n\n\n
According to a security researcher at blockchain security firm Beosin, the website employs a crypto wallet draining kit. This tool entices visitors into signing requests, posing a potential security threat.<\/p>\n\n\n\n
\u201cOnce the request is signed, the attacker will transfer NFTs<\/a> and ERC-20<\/a> tokens out of the victim\u2019s wallet,\u201d<\/em> Beosin\u2019s researcher added.<\/p>\n\n\n\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Mira Murati, with a verified Twitter account and over 120,000 followers. The post garnered 79,600 views and received 83 retweets in one hour before being taken down.<\/p>\n\n\n\n
The author made sure to restrict who can reply to the post. This is to avoid others' warning that the link was a scam. <\/p>\n\n\n\n
The website linked in the tweet is remarkably well-crafted, resembling the layout and design of a legitimate project called ChainGPT. The scammers made minor modifications, primarily prompting users to connect a cryptocurrency wallet. <\/p>\n\n\n\n
Twitter Security Issue<\/h2>\n\n\n\n
According to a security researcher at blockchain security firm Beosin, the website employs a crypto wallet draining kit. This tool entices visitors into signing requests, posing a potential security threat.<\/p>\n\n\n\n
\u201cOnce the request is signed, the attacker will transfer NFTs<\/a> and ERC-20<\/a> tokens out of the victim\u2019s wallet,\u201d<\/em> Beosin\u2019s researcher added.<\/p>\n\n\n\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
On June 2, Mira Murati, OpenAI CTO, promoted to her verified Twitter account a 'scam' cryptocurrency airdrop<\/a>. The account tweeted a suspicious link promising $OPENAI token to eligible users.<\/p>\n\n\n\n
Mira Murati, with a verified Twitter account and over 120,000 followers. The post garnered 79,600 views and received 83 retweets in one hour before being taken down.<\/p>\n\n\n\n
The author made sure to restrict who can reply to the post. This is to avoid others' warning that the link was a scam. <\/p>\n\n\n\n
The website linked in the tweet is remarkably well-crafted, resembling the layout and design of a legitimate project called ChainGPT. The scammers made minor modifications, primarily prompting users to connect a cryptocurrency wallet. <\/p>\n\n\n\n
Twitter Security Issue<\/h2>\n\n\n\n
According to a security researcher at blockchain security firm Beosin, the website employs a crypto wallet draining kit. This tool entices visitors into signing requests, posing a potential security threat.<\/p>\n\n\n\n
\u201cOnce the request is signed, the attacker will transfer NFTs<\/a> and ERC-20<\/a> tokens out of the victim\u2019s wallet,\u201d<\/em> Beosin\u2019s researcher added.<\/p>\n\n\n\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Half the reported scam funds to the Australian Financial Crimes Exchange involved cryptocurrency. <\/p>\n","post_title":"NAB's Scam Alerts Halt $270M In Crypto Scam Transactions","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nabs-scam-alerts-halt-270m-in-crypto-scam-transactions","to_ping":"","pinged":"","post_modified":"2023-07-18 22:58:11","post_modified_gmt":"2023-07-18 12:58:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12584","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11863,"post_author":"15","post_date":"2023-06-04 14:17:04","post_date_gmt":"2023-06-04 04:17:04","post_content":"\n
On June 2, Mira Murati, OpenAI CTO, promoted to her verified Twitter account a 'scam' cryptocurrency airdrop<\/a>. The account tweeted a suspicious link promising $OPENAI token to eligible users.<\/p>\n\n\n\n
Mira Murati, with a verified Twitter account and over 120,000 followers. The post garnered 79,600 views and received 83 retweets in one hour before being taken down.<\/p>\n\n\n\n
The author made sure to restrict who can reply to the post. This is to avoid others' warning that the link was a scam. <\/p>\n\n\n\n
The website linked in the tweet is remarkably well-crafted, resembling the layout and design of a legitimate project called ChainGPT. The scammers made minor modifications, primarily prompting users to connect a cryptocurrency wallet. <\/p>\n\n\n\n
Twitter Security Issue<\/h2>\n\n\n\n
According to a security researcher at blockchain security firm Beosin, the website employs a crypto wallet draining kit. This tool entices visitors into signing requests, posing a potential security threat.<\/p>\n\n\n\n
\u201cOnce the request is signed, the attacker will transfer NFTs<\/a> and ERC-20<\/a> tokens out of the victim\u2019s wallet,\u201d<\/em> Beosin\u2019s researcher added.<\/p>\n\n\n\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
According to the bank's research, 40% of Australians are \"extremely willing\"<\/em> for payments to be slower as long as the delay was to protect them from bad actors.<\/p>\n\n\n\n
Half the reported scam funds to the Australian Financial Crimes Exchange involved cryptocurrency. <\/p>\n","post_title":"NAB's Scam Alerts Halt $270M In Crypto Scam Transactions","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nabs-scam-alerts-halt-270m-in-crypto-scam-transactions","to_ping":"","pinged":"","post_modified":"2023-07-18 22:58:11","post_modified_gmt":"2023-07-18 12:58:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12584","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11863,"post_author":"15","post_date":"2023-06-04 14:17:04","post_date_gmt":"2023-06-04 04:17:04","post_content":"\n
On June 2, Mira Murati, OpenAI CTO, promoted to her verified Twitter account a 'scam' cryptocurrency airdrop<\/a>. The account tweeted a suspicious link promising $OPENAI token to eligible users.<\/p>\n\n\n\n
Mira Murati, with a verified Twitter account and over 120,000 followers. The post garnered 79,600 views and received 83 retweets in one hour before being taken down.<\/p>\n\n\n\n
The author made sure to restrict who can reply to the post. This is to avoid others' warning that the link was a scam. <\/p>\n\n\n\n
The website linked in the tweet is remarkably well-crafted, resembling the layout and design of a legitimate project called ChainGPT. The scammers made minor modifications, primarily prompting users to connect a cryptocurrency wallet. <\/p>\n\n\n\n
Twitter Security Issue<\/h2>\n\n\n\n
According to a security researcher at blockchain security firm Beosin, the website employs a crypto wallet draining kit. This tool entices visitors into signing requests, posing a potential security threat.<\/p>\n\n\n\n
\u201cOnce the request is signed, the attacker will transfer NFTs<\/a> and ERC-20<\/a> tokens out of the victim\u2019s wallet,\u201d<\/em> Beosin\u2019s researcher added.<\/p>\n\n\n\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\u201cWhile many customers ultimately complete their payment after receiving a prompt, we\u2019re seeing around $290,000 worth of payments abandoned daily. This tells us that customers are taking the time to stop and think before they make a payment.\" <\/em>NAB's Executive added.<\/p>\n\n\n\n
According to the bank's research, 40% of Australians are \"extremely willing\"<\/em> for payments to be slower as long as the delay was to protect them from bad actors.<\/p>\n\n\n\n
Half the reported scam funds to the Australian Financial Crimes Exchange involved cryptocurrency. <\/p>\n","post_title":"NAB's Scam Alerts Halt $270M In Crypto Scam Transactions","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nabs-scam-alerts-halt-270m-in-crypto-scam-transactions","to_ping":"","pinged":"","post_modified":"2023-07-18 22:58:11","post_modified_gmt":"2023-07-18 12:58:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12584","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11863,"post_author":"15","post_date":"2023-06-04 14:17:04","post_date_gmt":"2023-06-04 04:17:04","post_content":"\n
On June 2, Mira Murati, OpenAI CTO, promoted to her verified Twitter account a 'scam' cryptocurrency airdrop<\/a>. The account tweeted a suspicious link promising $OPENAI token to eligible users.<\/p>\n\n\n\n
Mira Murati, with a verified Twitter account and over 120,000 followers. The post garnered 79,600 views and received 83 retweets in one hour before being taken down.<\/p>\n\n\n\n
The author made sure to restrict who can reply to the post. This is to avoid others' warning that the link was a scam. <\/p>\n\n\n\n
The website linked in the tweet is remarkably well-crafted, resembling the layout and design of a legitimate project called ChainGPT. The scammers made minor modifications, primarily prompting users to connect a cryptocurrency wallet. <\/p>\n\n\n\n
Twitter Security Issue<\/h2>\n\n\n\n
According to a security researcher at blockchain security firm Beosin, the website employs a crypto wallet draining kit. This tool entices visitors into signing requests, posing a potential security threat.<\/p>\n\n\n\n
\u201cOnce the request is signed, the attacker will transfer NFTs<\/a> and ERC-20<\/a> tokens out of the victim\u2019s wallet,\u201d<\/em> Beosin\u2019s researcher added.<\/p>\n\n\n\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Australians Prefer Safety<\/h2>\n\n\n\n
\u201cWhile many customers ultimately complete their payment after receiving a prompt, we\u2019re seeing around $290,000 worth of payments abandoned daily. This tells us that customers are taking the time to stop and think before they make a payment.\" <\/em>NAB's Executive added.<\/p>\n\n\n\n
According to the bank's research, 40% of Australians are \"extremely willing\"<\/em> for payments to be slower as long as the delay was to protect them from bad actors.<\/p>\n\n\n\n
Half the reported scam funds to the Australian Financial Crimes Exchange involved cryptocurrency. <\/p>\n","post_title":"NAB's Scam Alerts Halt $270M In Crypto Scam Transactions","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nabs-scam-alerts-halt-270m-in-crypto-scam-transactions","to_ping":"","pinged":"","post_modified":"2023-07-18 22:58:11","post_modified_gmt":"2023-07-18 12:58:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12584","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11863,"post_author":"15","post_date":"2023-06-04 14:17:04","post_date_gmt":"2023-06-04 04:17:04","post_content":"\n
On June 2, Mira Murati, OpenAI CTO, promoted to her verified Twitter account a 'scam' cryptocurrency airdrop<\/a>. The account tweeted a suspicious link promising $OPENAI token to eligible users.<\/p>\n\n\n\n
Mira Murati, with a verified Twitter account and over 120,000 followers. The post garnered 79,600 views and received 83 retweets in one hour before being taken down.<\/p>\n\n\n\n
The author made sure to restrict who can reply to the post. This is to avoid others' warning that the link was a scam. <\/p>\n\n\n\n
The website linked in the tweet is remarkably well-crafted, resembling the layout and design of a legitimate project called ChainGPT. The scammers made minor modifications, primarily prompting users to connect a cryptocurrency wallet. <\/p>\n\n\n\n
Twitter Security Issue<\/h2>\n\n\n\n
According to a security researcher at blockchain security firm Beosin, the website employs a crypto wallet draining kit. This tool entices visitors into signing requests, posing a potential security threat.<\/p>\n\n\n\n
\u201cOnce the request is signed, the attacker will transfer NFTs<\/a> and ERC-20<\/a> tokens out of the victim\u2019s wallet,\u201d<\/em> Beosin\u2019s researcher added.<\/p>\n\n\n\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\u201cIntroducing payment prompts, taking action on spoofing, and stopping the use of links in unexpected text messages are among key measures we\u2019ve introduced recently. We\u2019re now also taking action to block some payments to high-risk cryptocurrency exchanges in a further effort to stop scammers,\u201d<\/em> Mr Sheehan said.<\/p>\n\n\n\n
Australians Prefer Safety<\/h2>\n\n\n\n
\u201cWhile many customers ultimately complete their payment after receiving a prompt, we\u2019re seeing around $290,000 worth of payments abandoned daily. This tells us that customers are taking the time to stop and think before they make a payment.\" <\/em>NAB's Executive added.<\/p>\n\n\n\n
According to the bank's research, 40% of Australians are \"extremely willing\"<\/em> for payments to be slower as long as the delay was to protect them from bad actors.<\/p>\n\n\n\n
Half the reported scam funds to the Australian Financial Crimes Exchange involved cryptocurrency. <\/p>\n","post_title":"NAB's Scam Alerts Halt $270M In Crypto Scam Transactions","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nabs-scam-alerts-halt-270m-in-crypto-scam-transactions","to_ping":"","pinged":"","post_modified":"2023-07-18 22:58:11","post_modified_gmt":"2023-07-18 12:58:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12584","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11863,"post_author":"15","post_date":"2023-06-04 14:17:04","post_date_gmt":"2023-06-04 04:17:04","post_content":"\n
On June 2, Mira Murati, OpenAI CTO, promoted to her verified Twitter account a 'scam' cryptocurrency airdrop<\/a>. The account tweeted a suspicious link promising $OPENAI token to eligible users.<\/p>\n\n\n\n
Mira Murati, with a verified Twitter account and over 120,000 followers. The post garnered 79,600 views and received 83 retweets in one hour before being taken down.<\/p>\n\n\n\n
The author made sure to restrict who can reply to the post. This is to avoid others' warning that the link was a scam. <\/p>\n\n\n\n
The website linked in the tweet is remarkably well-crafted, resembling the layout and design of a legitimate project called ChainGPT. The scammers made minor modifications, primarily prompting users to connect a cryptocurrency wallet. <\/p>\n\n\n\n
Twitter Security Issue<\/h2>\n\n\n\n
According to a security researcher at blockchain security firm Beosin, the website employs a crypto wallet draining kit. This tool entices visitors into signing requests, posing a potential security threat.<\/p>\n\n\n\n
\u201cOnce the request is signed, the attacker will transfer NFTs<\/a> and ERC-20<\/a> tokens out of the victim\u2019s wallet,\u201d<\/em> Beosin\u2019s researcher added.<\/p>\n\n\n\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
NAB's Executive for Group Investigations and Fraud, Chris Sheehan, mentioned the measures implemented by the bank in the last six months to combat scams are \"having an impact to protect customers\"<\/em><\/p>\n\n\n\n
\u201cIntroducing payment prompts, taking action on spoofing, and stopping the use of links in unexpected text messages are among key measures we\u2019ve introduced recently. We\u2019re now also taking action to block some payments to high-risk cryptocurrency exchanges in a further effort to stop scammers,\u201d<\/em> Mr Sheehan said.<\/p>\n\n\n\n
Australians Prefer Safety<\/h2>\n\n\n\n
\u201cWhile many customers ultimately complete their payment after receiving a prompt, we\u2019re seeing around $290,000 worth of payments abandoned daily. This tells us that customers are taking the time to stop and think before they make a payment.\" <\/em>NAB's Executive added.<\/p>\n\n\n\n
According to the bank's research, 40% of Australians are \"extremely willing\"<\/em> for payments to be slower as long as the delay was to protect them from bad actors.<\/p>\n\n\n\n
Half the reported scam funds to the Australian Financial Crimes Exchange involved cryptocurrency. <\/p>\n","post_title":"NAB's Scam Alerts Halt $270M In Crypto Scam Transactions","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nabs-scam-alerts-halt-270m-in-crypto-scam-transactions","to_ping":"","pinged":"","post_modified":"2023-07-18 22:58:11","post_modified_gmt":"2023-07-18 12:58:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12584","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11863,"post_author":"15","post_date":"2023-06-04 14:17:04","post_date_gmt":"2023-06-04 04:17:04","post_content":"\n
On June 2, Mira Murati, OpenAI CTO, promoted to her verified Twitter account a 'scam' cryptocurrency airdrop<\/a>. The account tweeted a suspicious link promising $OPENAI token to eligible users.<\/p>\n\n\n\n
Mira Murati, with a verified Twitter account and over 120,000 followers. The post garnered 79,600 views and received 83 retweets in one hour before being taken down.<\/p>\n\n\n\n
The author made sure to restrict who can reply to the post. This is to avoid others' warning that the link was a scam. <\/p>\n\n\n\n
The website linked in the tweet is remarkably well-crafted, resembling the layout and design of a legitimate project called ChainGPT. The scammers made minor modifications, primarily prompting users to connect a cryptocurrency wallet. <\/p>\n\n\n\n
Twitter Security Issue<\/h2>\n\n\n\n
According to a security researcher at blockchain security firm Beosin, the website employs a crypto wallet draining kit. This tool entices visitors into signing requests, posing a potential security threat.<\/p>\n\n\n\n
\u201cOnce the request is signed, the attacker will transfer NFTs<\/a> and ERC-20<\/a> tokens out of the victim\u2019s wallet,\u201d<\/em> Beosin\u2019s researcher added.<\/p>\n\n\n\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The NAB app recorded that customers stopped 12% of payments upon receiving real-time payment prompts, indicating they are pausing to reconsider before proceeding. This shows that customers are taking the time to reconsider before proceeding. The move indicates that customers are taking the time to think twice before proceeding with transactions.<\/p>\n\n\n\n
NAB's Executive for Group Investigations and Fraud, Chris Sheehan, mentioned the measures implemented by the bank in the last six months to combat scams are \"having an impact to protect customers\"<\/em><\/p>\n\n\n\n
\u201cIntroducing payment prompts, taking action on spoofing, and stopping the use of links in unexpected text messages are among key measures we\u2019ve introduced recently. We\u2019re now also taking action to block some payments to high-risk cryptocurrency exchanges in a further effort to stop scammers,\u201d<\/em> Mr Sheehan said.<\/p>\n\n\n\n
Australians Prefer Safety<\/h2>\n\n\n\n
\u201cWhile many customers ultimately complete their payment after receiving a prompt, we\u2019re seeing around $290,000 worth of payments abandoned daily. This tells us that customers are taking the time to stop and think before they make a payment.\" <\/em>NAB's Executive added.<\/p>\n\n\n\n
According to the bank's research, 40% of Australians are \"extremely willing\"<\/em> for payments to be slower as long as the delay was to protect them from bad actors.<\/p>\n\n\n\n
Half the reported scam funds to the Australian Financial Crimes Exchange involved cryptocurrency. <\/p>\n","post_title":"NAB's Scam Alerts Halt $270M In Crypto Scam Transactions","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nabs-scam-alerts-halt-270m-in-crypto-scam-transactions","to_ping":"","pinged":"","post_modified":"2023-07-18 22:58:11","post_modified_gmt":"2023-07-18 12:58:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12584","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11863,"post_author":"15","post_date":"2023-06-04 14:17:04","post_date_gmt":"2023-06-04 04:17:04","post_content":"\n
On June 2, Mira Murati, OpenAI CTO, promoted to her verified Twitter account a 'scam' cryptocurrency airdrop<\/a>. The account tweeted a suspicious link promising $OPENAI token to eligible users.<\/p>\n\n\n\n
Mira Murati, with a verified Twitter account and over 120,000 followers. The post garnered 79,600 views and received 83 retweets in one hour before being taken down.<\/p>\n\n\n\n
The author made sure to restrict who can reply to the post. This is to avoid others' warning that the link was a scam. <\/p>\n\n\n\n
The website linked in the tweet is remarkably well-crafted, resembling the layout and design of a legitimate project called ChainGPT. The scammers made minor modifications, primarily prompting users to connect a cryptocurrency wallet. <\/p>\n\n\n\n
Twitter Security Issue<\/h2>\n\n\n\n
According to a security researcher at blockchain security firm Beosin, the website employs a crypto wallet draining kit. This tool entices visitors into signing requests, posing a potential security threat.<\/p>\n\n\n\n
\u201cOnce the request is signed, the attacker will transfer NFTs<\/a> and ERC-20<\/a> tokens out of the victim\u2019s wallet,\u201d<\/em> Beosin\u2019s researcher added.<\/p>\n\n\n\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
National Australia Bank (NAB) has successfully intervened in over $270 million in customer payments over the past four months. According to NAB News<\/a>, the bank stops millions in transactions between March and July.<\/p>\n\n\n\n
The NAB app recorded that customers stopped 12% of payments upon receiving real-time payment prompts, indicating they are pausing to reconsider before proceeding. This shows that customers are taking the time to reconsider before proceeding. The move indicates that customers are taking the time to think twice before proceeding with transactions.<\/p>\n\n\n\n
NAB's Executive for Group Investigations and Fraud, Chris Sheehan, mentioned the measures implemented by the bank in the last six months to combat scams are \"having an impact to protect customers\"<\/em><\/p>\n\n\n\n
\u201cIntroducing payment prompts, taking action on spoofing, and stopping the use of links in unexpected text messages are among key measures we\u2019ve introduced recently. We\u2019re now also taking action to block some payments to high-risk cryptocurrency exchanges in a further effort to stop scammers,\u201d<\/em> Mr Sheehan said.<\/p>\n\n\n\n
Australians Prefer Safety<\/h2>\n\n\n\n
\u201cWhile many customers ultimately complete their payment after receiving a prompt, we\u2019re seeing around $290,000 worth of payments abandoned daily. This tells us that customers are taking the time to stop and think before they make a payment.\" <\/em>NAB's Executive added.<\/p>\n\n\n\n
According to the bank's research, 40% of Australians are \"extremely willing\"<\/em> for payments to be slower as long as the delay was to protect them from bad actors.<\/p>\n\n\n\n
Half the reported scam funds to the Australian Financial Crimes Exchange involved cryptocurrency. <\/p>\n","post_title":"NAB's Scam Alerts Halt $270M In Crypto Scam Transactions","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nabs-scam-alerts-halt-270m-in-crypto-scam-transactions","to_ping":"","pinged":"","post_modified":"2023-07-18 22:58:11","post_modified_gmt":"2023-07-18 12:58:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12584","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11863,"post_author":"15","post_date":"2023-06-04 14:17:04","post_date_gmt":"2023-06-04 04:17:04","post_content":"\n
On June 2, Mira Murati, OpenAI CTO, promoted to her verified Twitter account a 'scam' cryptocurrency airdrop<\/a>. The account tweeted a suspicious link promising $OPENAI token to eligible users.<\/p>\n\n\n\n
Mira Murati, with a verified Twitter account and over 120,000 followers. The post garnered 79,600 views and received 83 retweets in one hour before being taken down.<\/p>\n\n\n\n
The author made sure to restrict who can reply to the post. This is to avoid others' warning that the link was a scam. <\/p>\n\n\n\n
The website linked in the tweet is remarkably well-crafted, resembling the layout and design of a legitimate project called ChainGPT. The scammers made minor modifications, primarily prompting users to connect a cryptocurrency wallet. <\/p>\n\n\n\n
Twitter Security Issue<\/h2>\n\n\n\n
According to a security researcher at blockchain security firm Beosin, the website employs a crypto wallet draining kit. This tool entices visitors into signing requests, posing a potential security threat.<\/p>\n\n\n\n
\u201cOnce the request is signed, the attacker will transfer NFTs<\/a> and ERC-20<\/a> tokens out of the victim\u2019s wallet,\u201d<\/em> Beosin\u2019s researcher added.<\/p>\n\n\n\n
On the other hand, a Twitter account with a blue check had shared a false image of black-smoke burning near the Pentagon. According to NPR's post<\/a>, the image is probably AI generated and circulated the Twitter like a storm.

Twitter accounts with blue checks signify that the holder is a verified or legitimate entity. Anyone can have a blue check on their Twitter account by paying a monthly subscription.<\/p>\n\n\n\n
Among the accounts with verified badges that shared the misleading image of the Pentagon, one was impersonating Bloomberg News. At the same time, the genuine account of the Kremlin-linked Russian news service RT also shared the image.<\/p>\n","post_title":"OpenAI CTO, Mira Murati, Twitter Account Hacked; Promotes 'Scam' Crypto Airdrop","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-cto-mira-murati-twitter-account-hacked-promotes-scam-crypto-airdrop","to_ping":"","pinged":"","post_modified":"2023-06-05 16:03:32","post_modified_gmt":"2023-06-05 06:03:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11031,"post_author":"12","post_date":"2023-04-18 23:53:23","post_date_gmt":"2023-04-18 13:53:23","post_content":"\n
MetaMask announced that a cybersecurity threat has hit their platform; users who submitted a customer support ticket from August 1st 2021 to February 10th 2023, have had some of their emails leaked, around 7000 to be exact.<\/p>\n\n\n\n
ConsenSys, the parent company of MetaMask, made a statement<\/a> regarding the cyberattack;<\/p>\n\n\n\n
\"A third-party service provider that provides customer support ticketing services to ConsenSys was the target of a cyber-security incident...unauthorised actors gained access to the third-party service provider\u2019s systems...users who submitted personal data to our customer support may have had that data accessed by an unauthorised third party.\"<\/em><\/p>\n\n\n\n
ConsenSys stated that the \u201cthreat is no longer on-going.\u201d<\/em><\/p>\n\n\n\n
Phishing Attacks And Security Within Crypto<\/h2>\n\n\n\n
A common threat when emails are leaked are phishing attacks. These are cyberattacks which bad players will formulate an email pretending to be a well-known organisation in the hopes that a user will give up sensitive information. <\/p>\n\n\n\n
In reference to phishing attacks, ConsenSys stated, \"we ask that you be extremely vigilant for any suspicious activity and unsolicited contacts which may be made to you by phone, text, email or instant message.\"<\/em> Apart of many companies nowadays are anti-phishing phrases, so make sure that if you're recieving messages from an exchange or other company, your phrase is there.<\/p>\n\n\n\n
MetaMask has been victim to various phishing scams this year through Namecheap<\/a>, they also warned of another fake airdrop<\/a> token launch.<\/p>\n\n\n\n
This incident highlights the importance of strong security for users and businesses alike. Ensure never to share your private keys, verify that you're not receiving phishing emails, and stay vigilant when there is any contact with someone relating to your private data.<\/p>\n","post_title":"MetaMask Hit With Cyberattack; 7000 User's Emails Threatened","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"metamask-hit-with-cyberattack-7000-users-emails-threatened","to_ping":"","pinged":"","post_modified":"2023-04-18 23:55:28","post_modified_gmt":"2023-04-18 13:55:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11031","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10585,"post_author":"13","post_date":"2023-03-25 16:10:33","post_date_gmt":"2023-03-25 05:10:33","post_content":"\n
\n
Kwon was arrested early Thursday in Montenegro while heading to Dubai.<\/li>\n\n\n\n
He has been on the run for six months since the controversial collapse of Terra LUNA.<\/li>\n<\/ul>\n\n\n\n
Do Kwon, the crypto entrepreneur behind the collapsed Terra LUNA and UST, was charged with fraud in the US late Thursday, shortly after being arrested in Montenegro.<\/p>\n\n\n\n
Kwon is facing eight counts of charges: two counts each of securities fraud, wire fraud, and commodities fraud, according to a report<\/a> first published in the Financial Times. The allegations, brought before a federal court in New York, are similar to separate charges<\/a> leveled against the blockchain entrepreneur turned fugitive and his company Terraform Labs last month.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1638911969620271106?s=20\n<\/div><\/figure>\n\n\n\n
Kwon Was Arrested Alongside His Executive Aide<\/h2>\n\n\n\n
The arrest of Kwon hit the headlines Thursday after the Montenegrin authorities reported that a person that fits the description of the South Korean national had been intercepted trying to board a flight to Dubai. He was arrested alongside an individual, Han Chang-joon, believed to be his executive aide - for using falsified travel documents.<\/p>\n\n\n\n
\u2018\u2018The former \u2018cryptocurrency King\u2019, behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and he is wanted by South Korea, the USA, and Singapore. We are waiting for official confirmation of his identity,\u2019\u2019 <\/em>wrote Filip Adzic, Montenegro\u2019s minister of interior.<\/p>\n\n\n\n
Terra LUNA and terraUSD (UST) collapsed in May 2022 after the stablecoin<\/a> (UST) lost its intended peg to the dollar's value. Stablecoins are digital assets that facilitate crypto transactions by maintaining a peg to the value of a real-world commodity.\u00a0<\/p>\n\n\n\n
See Related:<\/em><\/strong> Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n\n\n\n
The epic collapse of the two assets wiped out more than $40 billion from investors. It destabilized the digital asset space, sinking major crypto firms, including Three Arrows and Celsius, into bankruptcy.<\/p>\n\n\n\n
After Interpol issued a red notice against Kwon last September, he was reported by the South Korean authorities to have gone missing. Later, reports emerged that he was hiding in Serbia, a Balkan country sharing a border with Montenegro.<\/p>\n","post_title":"Do Kwon Slapped With Eight Counts Of Charges Hours After Montenegro Arrest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-slapped-with-eight-counts-of-charges-hours-after-montenegro-arrest","to_ping":"","pinged":"","post_modified":"2023-03-25 16:10:39","post_modified_gmt":"2023-03-25 05:10:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10585","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10476,"post_author":"13","post_date":"2023-03-18 19:24:19","post_date_gmt":"2023-03-18 08:24:19","post_content":"\n
\n
The case accuses the influencers of being paid to market unregistered yield-bearing accounts.<\/li>\n\n\n\n
It also claims the YouTubers played a key role in elevating FTX before the collapse.<\/li>\n<\/ul>\n\n\n\n
Investors who suffered losses following the fall of FTX are pressing charges against several internet influencers, accusing them of promoting the business of the failed exchange for personal financial gains and pushing them to invest in unregistered securities.<\/p>\n\n\n\n
The lawsuit, seeking US$1B in damages, was brought against ten influencers, mostly from the US and Australia, including YouTube star Ben Armstrong, BitBoy crypto creator, and Las Vegas-based Andrei Jikh, who has 2.2 million subscribers. Talent management company Creators Agency in Tokyo, Japan, is also mentioned among the defendants.<\/p>\n\n\n\n
\u2018\u2018Though FTX paid Defendants handsomely to push its brand and encourage their followers to invest, Defendants did not disclose the nature and scope of their sponsorship or endorsement deals, payments and compensation, nor conduct adequate due diligence,\u2019\u2019<\/em> the filing<\/a> read. The defendants are also accused of misrepresentations and omissions regarding the FTX platform, playing a key role in elevating it before the collapse.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/thedistributed_\/status\/1636568761213014016?s=46&t=Ifskie--HBSR10iEQ2k9Pw\n<\/div><\/figure>\n\n\n\n
Plaintiffs Were Drawn From The UK, Canada, And Australia<\/h2>\n\n\n\n
The case is filed before Florida\u2019s Southern District Miami Division Court and is led by Edwin Garrison, a State of Oklahoma resident, who invested in FTX\u2019s yield-bearing accounts (YBA). The plaintiffs in the case are UK, Canadian, and Australian residents.  <\/p>\n\n\n\n
Recently, FTX debtors uncovered<\/a> $3.2B illegally paid to Sam Bankman-Fried and his inner circle, where SBF received $2.2 billion. At the same time, Nishad Singh, Gary Wang, and Caroline Ellison, the three executives who have since pled guilty, pocketed $587m, 246m, and $6m, respectively, through undisclosed payments and loans.<\/p>\n\n\n\n
FTX, once ranked among the top cryptocurrency exchanges, imploded<\/a> in November after a steep drop in the value of its native FTT tokens forced the company to file for Chapter 11 bankruptcy. The case against its former CEO, SBF, will be heard on October 2nd, 2023.<\/p>\n","post_title":"FTX \u2018YouTube Influencers\u2019 Slapped With $1B Class Action Lawsuit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftx-youtube-influencers-slapped-with-1b-class-action-lawsuit","to_ping":"","pinged":"","post_modified":"2023-04-10 17:16:21","post_modified_gmt":"2023-04-10 07:16:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10476","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10212,"post_author":"13","post_date":"2023-03-03 19:29:14","post_date_gmt":"2023-03-03 08:29:14","post_content":"\n
\n
SAND has declined 6% following the incident.<\/li>\n\n\n\n
The Sandbox team claims the hacker did not access the organization's other services.<\/li>\n<\/ul>\n\n\n\n
NFT<\/a> gaming platform, The Sandbox, cautioned<\/a> its users Thursday that its systems were compromised in a security incident involving emails with malware circulated to users. Unauthorized third party reportedly accessed one of the company's computers and started circulating emails purported to be from The Sandbox.<\/p>\n\n\n\n
\"On Feb. 6, we became aware that an unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled (them) to access several email addresses to which it then sent an email falsely claiming to be from The Sandbox,\"<\/em> the firm said.<\/p>\n\n\n\n
The alleged email, titled 'The Sandbox Game (PURELAND) Access,'<\/strong><\/em> reportedly contains hyperlinks that can remotely install malware on the recipients' computers, collect personal data, or gain full control.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n\n\n\n
The Breach Is Limited To A Single Computer<\/h2>\n\n\n\n
Although the level of damage from the compromise is not yet confirmed, The Sandbox team noted that the unauthorized access was only limited to a single staff computer, which was accessed via a malware application. According to the announcement, the malicious actor did not manage to access any other services.<\/p>\n\n\n\n
Following the incident, the team said it had communicated to the targeted recipients, cautioning them not to open or download anything from the flagged email. They have also blocked the targeted machine, formatted its content, and reset all its passwords, pending further investigation into the situation. Sandbox has also urged users to use stronger passwords, not to click hyperlinks, install antivirus software on their computers, or consult an IT professional to protect their systems.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Singapore Police Cautions Investors Against FTX Phishing Scams<\/a><\/p>\n\n\n\n
The Impact On SAND<\/h2>\n\n\n\n
The incident has caused the price of Sandbox's utility token, SAND, to drop 6% in the past 24 hours, according to CoinMaketCap, besides the other factors causing turmoil in the crypto space, like the uncertainty surrounding Silvergate<\/a>. The crypto-friendly bank faces a flight of some of its major clients, including Coinbase, Circle, and CryptoCom after announcing that it would delay releasing its 10-K filing amidst uncertainty in its financial health.<\/p>\n","post_title":"Sandbox Issues Security Alerts Involving Phishing Scam Emails","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sandbox-issues-security-alerts-involving-phishing-scam-emails","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:20","post_modified_gmt":"2023-04-10 07:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10212","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8509,"post_author":"10","post_date":"2022-11-24 22:01:47","post_date_gmt":"2022-11-24 11:01:47","post_content":"\n
According to Channel News Asia over the weekend, the Singaporean police warned<\/a> about fraudulent information about cryptocurrencies on the internet, including a fake website directed at FTX investors that is likely a phishing site used to gather login information.<\/p>\n\n\n\n
\n
Following the failure of one of the largest cryptocurrency exchanges in the world, the phony website claims to assist FTX's clients in recovering their investment losses.<\/li>\n<\/ul>\n\n\n\n
\n
The victims of FTX in Singapore are not only individual and retail investors. In a statement<\/a>, the government-owned state-holding corporation Temasek said that its investment in the cryptocurrency exchange was now worthless. It claimed to have conducted eight months of due diligence on FTX, including studying audited financials that demonstrated the business was successful. The company invested $210 million in FTX International and $65 million in FTX US.<\/li>\n<\/ul>\n\n\n\n
\n
Singaporean authorities have also warned about false internet articles that advertise nationwide cryptocurrency auto trading programs. According to local authorities, leaders from Singapore, including Speaker of Parliament Tan Chuan-jin and Senior Minister Tharman Shanmugaratnam, often appear in such articles.<\/li>\n<\/ul>\n\n\n\n
\n
These articles assert both politicians \"endorse algorithmic cryptocurrency auto-trading programs, such as Immediate Edge, claiming that such programs generate massive profits.\" The police noted that these articles are usually paid online ads that act as clickbait.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam<\/a><\/p>\n","post_title":"Singapore Police Cautions Investors Against FTX Phishing Scams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"singapore-police-cautions-investors-against-ftx-phishing-scams","to_ping":"","pinged":"","post_modified":"2022-11-24 22:03:02","post_modified_gmt":"2022-11-24 11:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8509","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7677,"post_author":"10","post_date":"2022-10-18 21:30:20","post_date_gmt":"2022-10-18 10:30:20","post_content":"\n
Lazarus, a hacker group, backed by North Korea, has been sending phishing emails to employees of Japanese cryptocurrency exchanges in an effort to infect their computers with malware, according to a report last week from Japan's National Police Agency.<\/p>\n\n\n\n
The National Police Agency (NPA) and Financial Services Agency (FSA) of Japan released a public advisory statement<\/a> on October 14 warning the nation's crypto-asset enterprises to be wary of \"phishing\" attacks by the hacking gang aimed at stealing crypto assets.<\/li><\/ul>\n\n\n\n
In the statement, the police and the FSA of Japan requested that local cryptocurrency businesses be on the lookout for such attempts and store their private keys<\/a> offline. The authorities, however, withheld information about the specific businesses subjected to these phishing attacks<\/a> or compromised.<\/li><\/ul>\n\n\n\n
The group's activities have compromised various computer systems allowing them to steal cryptocurrencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> SCAM: Deepfake Of Elon Musk Promoting BitVex<\/a><\/p>\n\n\n\n
Who Are Lazarus?<\/h2>\n\n\n\n
The Lazarus Group, a North Korean government-backed hacking organization with financial motivations, is best known for the high-profile Sony hack in 2016 and the WannaCry ransomware attack in 2017.<\/div><\/div><\/div><\/li><\/ul>\n\n\n\n
Additionally, Lazarus is motivated by efforts to advance North Korean state goals, such as military research and development and circumvention of international sanctions.<\/div><\/li><\/ul>\n\n\n\n
The group has recently focused on blockchain and cryptocurrency enterprises. It has been connected<\/a> to the recent loss of $100 million in cryptocurrency from Harmony's Horizon Bridge and the $625 million theft of cryptocurrency from the Ronin Network.<\/div><\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy<\/a><\/p>\n","post_title":"Lazarus, The North Korean Hacker Group Involved In Recent Japanese Phishing Scam","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lazarus-the-north-korean-hacker-group-involved-in-recent-japanese-phishing-scam","to_ping":"","pinged":"","post_modified":"2022-10-19 21:44:08","post_modified_gmt":"2022-10-19 10:44:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7677","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7121,"post_author":"7","post_date":"2022-09-14 17:43:47","post_date_gmt":"2022-09-14 07:43:47","post_content":"\n
The Ethereum merge is bringing an incredible shift in its consensus. Every user must take the steps to protect their $ETH and private keys.<\/p>\n\n\n\n
The Ethereum merge<\/a> is an important event happening on September 15, 2022. Many crypto traders are keen on transitioning from the Ethereum Proof-of-Work (PoW) consensus to the Proof-of-Stake consensus mechanism, as it reduces the use of special hardware and power consumption.<\/li><\/ul>\n\n\n\n
The CEO of PolySwarm, Steve Bassi<\/a>, explained<\/a> that staking is a newer and exciting concept in cryptocurrency compared to the traditional PoW consensus used by Bitcoin and various other tokens.<\/li><\/ul>\n\n\n\n
He added that to become an independent validator during the Ethereum merge event, a trader must hold 32 ETH in their digital wallets before joining a staking pool and earning passive income. However, Bassi warned users that the merge will enable scammers to trick them into submitting their private keys<\/a> to get ahold of their wallets.<\/li><\/ul>\n\n\n\n
Bassi warns that scammers could use fake airdrops<\/a> to redirect crypto users to phishing sites. These sites could claim they own firsthand information regarding the Ethereum merge. As a result, users could lose their Ethereum or give up their private keys. He urged users to be highly alert and not follow topics like \u201cETH2\u201d or \u201cETH 2.0 coin.\u201d<\/li><\/ul>\n\n\n\n
Staking pools is no news in Decentralized Finance<\/a> (Defi) platforms. However, it comes with risks especially depositing your crypto assets and giving up control of them. With ETH bringing new staking protocols, users must be aware of staking pool providers who may offer attractive terms. They could pull the rug<\/a> and run off with your valuable assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Event: Protect Yourself from Scammers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-event-protect-yourself-from-scammers","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-11 00:03:59","post_modified_gmt":"2023-04-10 14:03:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7121","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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