Bank of Malaysia warns about fake crypto certificates

Bank Negara Malaysia issues a warning about fake cryptocurrency consultant degree certificates with their logo
02 April 2018   367

The rising popularity and increasing adoption of cryptocurrencies has opened a lot of new study venues. Cryptocurrency-related courses are popping up in universities all over the world. And, as usual, there are people who try to profit from it.

In Malaysia fake certificates of degree as a “Certified Crypto Asset Consultant” has been sighted. It's especially irritating for the Central Bank of Malaysia (BNM), because their stamps and logo, alongside ones from University of Malaysia, are on these fake degree papers.

Apparently, these certificates has been used for quite a while to fool businesses and employers, who are looking for specialists in field of digital asset investments.

“BNM does not recognise these certificate holders who use such documentation in offering consultation services. Members of the public are advised to verify the validity of any certification programme before registering”, said the representative of Central Bank of Malaysia.

The bank reminds everyone, who has been presented with aforementioned certificates, that it's important to verify the authenticity of the documents, before agreeing on services of such specialists.

Crypto Investor to File Lawsuit Against AT&T

Michael Terpin believes that AT&T helped scammers to still his $24M worth crypto
16 August 2018   120

In the Los Angeles District Court, a 69-page lawsuit was filed by BitAngels founder Michael Terpin against the American telecom giant AT&T. Terpin claims that the operator assisted fraudsters in "stealing digital personal data" from the account on his smartphone, which is why he lost $ 24 million in cryptocurrency, according to an official release.

According to Terpin, for seven months, there were two hacks. Initially, an attacker got access to his phone number without providing a password or correct identification data. Later, the phone number was used to steal crypto.

AT&T’s studied indifference to protecting its customers’ privacy and financial assets is a metastasizing cancer, threatening hundreds of millions of unsuspecting AT&T’s customers. Our client had no idea when he initially signed up, nor when later he was promised the highest level of security for his account, that low-level retail employees with access to AT&T records, or people posing as them, can be bribed by criminals to override every system that AT&T advertises as unassailable.
 

Pierce O’Donnell
Lead counsel for Terpin in this complaint

Michael Terpin requires AT & T to pay him $ 224 million - $ 200 million for moral damages and $ 24 million for actual theft.