Almost $16,000 stolen at Ethereum wallet attack

Myetherwallet.com attacked by hackers sending phishing emails, but criminals quickly unveiled by ethical hacking expert 
26 October 2017   2408

The phishing campaign was uncovered by Wesley Neelen, a Dutch IT infrastructures security researcher, who has worked as an ethical hacker in several organizations for 6 years. He received an email from the criminals to his unique email address, known only by a limited mailing list, and decided to investigate this further. The malicious link in the email led to a fake version of the Myetherwallet.com website. Little did cybercriminals know that they targeted a hacking expert.

Those who clicked the link were given the information about the upcoming Ethereum hard fork and asked to enter their private keys to unlock their accounts. The private keys and passwords were later used by hackers to steal all the coins from victims’ wallets.

Wesley Neelen stated that although the fake website was designed to look exactly like the original site, he noticed that the address of a fake website contained a small comma beneath the “t”, and the cybercriminals used a Unicode trick to register such domains.

Neelen found out that a certain people have already fallen victim to the scam as he found a file that contained a list of all the wallets stolen by the hackers.

The total amount stolen was determined by security experts as $15,875.65 in Ethereum which hackers were able to withdraw from the accounts in only two hours.

Facebook to Launch GlobalCoin in 2020, BCC Says

Facebook consults with representatives of the US Treasury Department and Bank of England  about regulating the initiative named Libra
24 May 2019   43

Operator of the world's largest social network Facebook Inc. will launch a new payment network based on its own cryptocurrency in the “dozen countries” in the first quarter of 2020, the BBC reports.

The publication claims that Facebook consults with representatives of the US Treasury Department and Bank of England Governor Mark Carney about regulating the initiative, code-named Libra.

At the same time, the Financial Times reported that Facebook is already in talks about listing GlobalCoin on the American exchanges Gemini and Coinbase. 

Sources of the publication said that Facebook is discussing with the trading firms Jump and DRW the prospects of market-making and liquidity.

Previously, the media claimed that the company is also in talks to support the initiative with Western Union, Visa and Mastercard.

Testing the network is supposedly scheduled for the third quarter of this year.

On May 2, Facebook registered Libra Networks in Geneva, Switzerland. Its profile involves the development of infrastructure and software, in particular, related to investment activities, payment transactions, financing, identity management, data analysis, Big Data, blockchain and other technologies.