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   1249

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.

ICOs to Lose Popularity, Diar Research Say

Diar assumes that in the future unregulated ICOs won't attract significant attention
11 December 2018   59

Although since the beginning of this year, ICO-startups have managed to raise over $ 12.2 billion, the November figure was only $ 65 million, according to data from a new study of the Diar portal.

According to analysts, the once popular method of financing, which allowed startups to attract tens and hundreds of millions of dollars in the absence of any product, exhausted itself against the background of fears about regulators' actions and the general dynamics of the cryptocurrency market, which did not leave retail investors with anything except for an unpleasant aftertaste.

This version is also supported by the data from the TokenData portal, which Diar leads in his research. Even with respect to the October levels, which constituted only a small fraction of what could be collected a few months ago, the November figures were 3 times lower.

Diar assumes that in the future unregulated ICOs as we have known them over the past years will no longer attract significant attention and will give way to regulated platforms of tokenized securities.