Blockchain.info wallet users fall prey to scam

Scam emails targets Blockchain.info wallet users who become its victims
26 October 2017   3919

Blockchain.info wallet users fall prey to scam: a fake email alert is sent out to prospective targets from no-reply@blockchain.info, falsely claiming that unauthorized login attempts have made on their blockchain.info wallets. The fake message prompts users to either authorize the login or recover their wallet, and threatens to freeze the wallet and funds therein until one of these actions is taken.

The users are recommended to avoid clicking any of the links in the email, as they load a website at the URL http://blockchain.info.ht/#/ that asks users to enter wallet addresses and passphrases or private keys. Once a user surrenders this information, it is reasonable to assume that the contents of their now accessible wallet will be emptied by the scammer. Users should notice the lack of a secured http:// connection, which is indicated by the “https://” preceding the URL. According to ethnews.com, tracking the IP of the scam site (185.119.173.158) reveals that it is operating out of London.

It is advisable for users of the website to ensure that the URL they use is accurate when plugging in addresses, private keys, or passphrases to unlock wallets and check on funds.

Old Korean Social Network to Close After Tokensale

Cyworld platform started operating back in 1999 and it conducted an IEO at CoinZest this year
14 October 2019   49

Investors who acquired the clink cryptocurrency issued by the South Korean social network Cyworld are worried about the status of their investments due to the company's sudden closure, reports Korea Times. Some of them are ready to go to court.

The Cyworld platform was launched in 1999 and was especially popular among the country's population until the mid-2000s. The company, however, failed to see the trend towards the development of mobile solutions on time and as a result lost its position in the market. On October 1, it closed her platform without posting any warnings to users.

At the same time, the Clink site was unavailable, and Cyworld management continues to ignore the numerous requests of investors. The Korean exchanges CoinZest and BitSonic, where Clink is still being traded, are considering delisting the asset. Industry officials say Clink's investor losses will be at least 1 billion won ($ 845,000).

Clink's primary distribution was through IEO through the CoinZest platform earlier this year and, according to the Korea Times, it was the company's attempt to bring a fading social network back to life. A total of 24 million Clink tokens were sold for a total of 480 million won ($ 400,000).

In the second half of 2019, employees who have not received salaries since the end of 2018 began to leave the company en masse. Since the start of trading, the Clink price has fallen from 26 won to 0.19 won. According to the Coingecko portal, Clink's current capitalization and revolving volume are unknown, while the marginal issue volume is 10 billion units.