Blockstack ICO defended the potential victims of phishing by counterattack on the scam sites

Criminals' technical ineptitude allowed the team to place the warnings right on the homepage banner of the phishing sites
30 November 2017   1735

When the Blockstack team limited the token sales only to accredited investors, immediately several sites sprung up, promising the chance to get on one of the most anticipated ICOs of the end of 2017.

But the mask of looking exactly the same played a key role in later counterattack by the legitimate ICO team. The criminals copied all the code from the original website, including the header banner, which was connected to the Blockstack server. Its main role was to feed the header with adapted tweets from the company's Tweeter account.

When the developers suddenly found, that not only their website was requesting the info, but two others, they performed, effectively, man-in-the-middle attack on the scam sites, changing the banner feed from tweets to “THIS IS A PHISHING SITE” message.

Right now the legal action against the perpetrators is taking place, but one of the sites is still functioning, if redesigned to remove the implicating banner. So, customers, beware.

Blockstack is widely regarded as one of the most desirable ICOs this fall. Their project aims at creating decentralised app network for better privacy and security of the end-user's data. With over 75000 registered domains and more than 12000 developers in the community, it shapes to be a successful venture with quite a bright future ahead.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   434

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.