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May 22, 2022

Elon Musk deep fakes promote new cryptocurrency scam

Posted by in categories: cryptocurrencies, cybercrime/malcode, Elon Musk

Cryptocurrency scammers are using deep fake videos of Elon Musk and other prominent cryptocurrency advocates to promote a BitVex trading platform scam that steals deposited currency.

This fake BitVex cryptocurrency trading platform claims to be owned by Elon Musk, who created the site to allow everyone to earn up to 30% returns on their crypto deposits.

This scam campaign started earlier this month with threat actors creating or hacking existing YouTube accounts to host deep fake videos of Elon Musk, Cathie Wood, Brad Garlinghouse, Michael Saylor, and Charles Hoskinson.

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May 21, 2022

Crypto exchange founder sentenced for turning platform into money laundering haven

Posted by in categories: cryptocurrencies, economics, habitats

A 36-year-old Florida man was sentenced by a Manhattan federal court to six months of home detention for knowingly allowing his cryptocurrency trading platform to act as a money laundering tool, the Department of Justice announced Friday.

May 19, 2022

Personal Identity, Mind-Uploading, and the Teletransportation Paradox

Posted by in categories: bitcoin, cryptocurrencies, transportation

TWITTER
https://twitter.com/Transhumanian.

PATREON https://www.patreon.com/transhumania.
BITCOIN 14ZMLNppEdZCN4bu8FB1BwDaxbWteQKs8i.
BITCOIN CASH 1LhXJjN4FrfJh8LywR3dLG2uGXSaZjey9f.
ETHEREUM 0x1f89b261562C8D4C14aA01590EB42b2378572164
LITECOIN LdB94n8sTUXBto5ZKt82YhEsEmxomFGz3j.
CHAINLINK 0xDF560E12fF416eC2D4BAECC66E323C56af2f6666.

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May 18, 2022

Microsoft Warns of “Cryware” Info-Stealing Malware Targeting Crypto Wallets

Posted by in categories: cryptocurrencies, cybercrime/malcode, internet

Microsoft warns of “cryware” malware that steals information and exfiltrate data directly from non-custodial cryptocurrency wallets.


Microsoft is warning of an emerging threat targeting internet-connected cryptocurrency wallets, signaling a departure in the use of digital coins in cyberattacks.

The tech giant dubbed the new threat “cryware,” with the attacks resulting in the irreversible theft of virtual currencies by means of fraudulent transfers to an adversary-controlled wallet.

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May 16, 2022

Swapped Out: Hackers target social media users with high-tech fake videos

Posted by in categories: computing, cryptocurrencies, neuroscience

Cutting-edge computer technology designed to mimic the human brain is being used by hackers to create lifelike videos of celebrities and politicians. But now, bad actors are using this readily available tech to target everyday social media users in cryptocurrency scams.

May 15, 2022

He thought he was logging in to his cryptocurrency account. Then hackers stole his life savings

Posted by in categories: computing, cryptocurrencies

Last Christmas, Philip Martin sat down at his computer to check his cryptocurrency balance. Before he knew what was happening, hackers stole his life savings.

May 6, 2022

US sanctions Bitcoin laundering service used by North Korean hackers

Posted by in categories: bitcoin, cryptocurrencies, cybercrime/malcode

The U.S. Department of Treasury today sanctioned cryptocurrency mixer Blender.io used last month by the North Korean-backed Lazarus hacking group to launder funds stolen from Axie Infinity’s Ronin bridge.

In the wake of the attack, Sky Mavis (the bridge’s creator) revealed that hackers breached the Ronin bridge on March 23 to steal 173,600 Ethereum and 25.5M USDC tokens in two transactions worth $617 million at the time, the largest cryptocurrency hack in history.

The previous most significant theft of cryptocurrency was the $611 million Poly Network hack in August 2021.

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May 4, 2022

Elon Musk Strikes Again: New Tweets Send Bitcoin Crashing

Posted by in categories: bitcoin, cryptocurrencies, Elon Musk, sustainability, transportation

May 1, 2022

Telegram now lets users send cryptocurrency through TON blockchain spinoff

Posted by in categories: blockchains, cryptocurrencies

May 1, 2022

Why a bipartisan embrace of crypto might never touch Bitcoin

Posted by in categories: bitcoin, cryptocurrencies, energy

Crypto’s biggest skeptics see plenty of reasons to criticize the industry, but generally at the heart of most complaints is a belief that crypto is contributing very little to society while burning massive amounts of energy.

While crypto’s believers could squabble over the former point until they’re blue in the face, the latter is a little harder to deny. Bitcoin uses an estimated 204.50 terawatt-hours (TWh) of electricity per year at current rates according to the oft-cited tracker built by Digiconomist, this number is equal to the power consumption of Thailand. Meanwhile Ethereum’s energy footprint is half the size but still comparable to the power consumption of Kazakhstan. In 2018 the United States reported its total consumption of electricity as 4,222.5 TWh.

For some legislators, those numbers are hard to swallow. This week, the New York State Assembly passed a bill that had team crypto up in arms. The bill blocks the formation of crypto mining firms in the state that rely on non-renewable power. It notably doesn’t apply to existing facilities. A corresponding bill is currently making its way through the Democrat-controlled state senate. everyone, and welcome back to Chain Reaction.

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