Another Software Attack Hits Hundreds of Websites

Malicious software has injected hundreds of websites to mine the cryptocurrency monero
08 May 2018   731

Malicious software was uncovered by Troy Mursch, the security researcher behind the website Bad Packets Report. He wrote Saturday that more than 300 sites had been compromised by hackers who installed the browser mining software Coinhive, which mines the cryptocurrency monero, by exploiting a vulnerability in an outdated version of the Drupal content management system (CMS).

Troy Mursch told CoinDesk that while cryptojacking is not as overt as ransomware, it continues to be a problem - especially for website operators.

This is because Coinhive and other cryptojacking services malware are simply done with JavaScript. Every modern browser and device can run JavaScript, so as such, everybody can mine cryptocurrency and unfortunately Coinhive has been used and abused time and time again. In this particular case, Drupal users need to update as soon as possible.

 

Troy Mursch

Security researcher, Bad Packets Report

Affected sites include the San Diego Zoo, the National Labor Relations Board, the City of Marion, Ohio, the University of Aleppo, the Ringling College of Art and Design and the government of Chihuahua, Mexico. A full list of affected sites is available on this spreadsheet.

Affected users may not even notice that their computers are running the cryptographic functions used to generate monero for hackers. The attacks slow users computers down, however, and can cause wear and tear on computers' processors.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   174

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.