BTC and ZCL to co-fork into BTCA

Anonymous Bitcoin will be a fusion of Bitcoin and ZClassic with a fork scheduled on September 9
31 May 2018   1912

As forks become a trend in the crypto space, one has to wonder which ones are legitimate and which - fraudulent. The project Anonymous Bitcoin aims to succeed where previous forks have failed. The new forked coin will be the result of a co-fork of Bitcoin and ZClassic. Anonymous Bitcoin token will have a ticker of BTCA.

Jake Greenbaum, Ran NeuNer and Sam Abbassi

BTCA testnet will be launched on August 10. Roughly a month prior to the mainnet launch will give the exchanges time to test the wallets and infrastructure. The snapshot is scheduled for September 9 with the mainnet to be launched within 48 hours after the snapshot is taken.

Main features of BTCA are going to be as follows:

  • anonymity via zkSNARK technology;
  • increased transactions speed via increased block sizes;
  • coin staking via masternodes

More details about the event and the project's team composition can be found here.

Ryuk Ransomware Team to Get 705 BTC

CrowdStrike and McAfee believes the program was created and supported by Russians
15 January 2019   97

In less than six months, hackers got 705 bitcoins through Ryuk ransomware, reports The Block.

Until recently, the group of hackers GRIM SPIDER behind Ryuk was supposed to be operating from North Korea. However, according to the companies CrowdStrike and McAfee, the program was created and supported by Russian hackers.

Ryuk is distributed via email-phishing, where the TrickBot Trojan is involved. The main objectives of the ransomware program are large companies and government organizations. Ryuk blocks the victims' hard drives until they pay the ransom. The amount of the latter often depends on the size and significance of the organization.

The program is "famous" for the impressive amounts of required buybacks:

To date, the lowest observed ransom was for 1.7 BTC and the highest was for 99 BTC. With 52 known transactions spread across 37 BTC addresses (as of this writing), GRIM SPIDER has made 705.80 BTC, which has a current value of $3.7 million. With the recent decline in BTC to USD value, it is likely GRIM SPIDER has netted more.
 

CrowdStrike

705 bitcoins at the current exchange rate is about $ 2.6 million.