Fake RaiWallet stills users' seeds

Hackers created fake website to steal users' data; no information on the number of victims available
19 December 2017   1549

What is RaiBlocks?

According to official FAQ, RaiBlocks is a trustless, low-latency cryptocurrency that utilizes a novel block-lattice architecture, where each account has its own blockchain and achieves consensus via delegated Proof of Stake voting.

At the moment of press, XRB is on the 47th place at Coinmarket top 100 cryptocurrencies rate. These are main market parameters:

  • Average Price $3,54
  • Market Cap $471 357 832
  • 24h Volume $7 242 680

XRB is being on:

  1. BitGrail 82.17%
  2. Mercatox 17.25%
  3. BitFlip 0.31%

It is also worth noting that RaiBlocks gained over 140% in last 7 days.

Fake RaiBlocks wallet

A fake RaiBlocks wallet appeared recently under the My Rai Wallet domain. It is not the copy of original wallet. This time hackers just ask users for their seed word. 

Fake XRB wallet
Fake XRB wallet

And here's the original wallet website.

XRB Wallet
XRB Wallet

According to official website, https://raiwallet.com/ is the legit online wallet. At this time, scam was really oblivious. But this is an exception to the rule. We ask you to be extremely careful when you deal with money.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   117

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.