Investors warned of 5 Crypto Firms by Canadian Regulator

A warning against five unregisreted cryptocurrency firms has been published by the Ontario Securities Commission
22 May 2018   949

The regulator began gaining the information about these trading platforms after accepting complaints about them. The Ontario Securities Commission (OSC) issued an Investor Alert on Friday, cautioning the public of 5 firms that "appear to be involved in schemes that target Ontario investors and encourage them to trade or invest in cryptocurrencies". 

Btcreal, Bitserial, Hypercube Ventures LP, Cabincoin OÜ, and Baappay Inc. are not registered in Ontario to solicit investments or provide advice on investing in, buying or selling securities.
The Ontario Securities Commission,
Canada

The OSC published last month an Investor Alert on Bitconnect, Bitconnect Coin and the BCC Exchange. “Bitconnect, the BCC Exchange and representatives of Bitconnect are not registered in Ontario to solicit investments or provide advice on investing in, buying or selling securities,” the regulator declared.The first mentioned company is Btcreal which “claims to provide full investment services for cryptocurrency-related investments and forex,” promising investors “high returns in short periods of time,” the OSC reported. The next one is Bitserial which “encourages investors to participate in a lending program where they can exchange bitcoin, litecoin, or ethereum for BTE Tokens that are ‘lent out’ for high returns,” the Commission added.

The third company, according to the comission, is Hypercube Ventures LP which processes multiple websites to encourage investors to buy “emission pools” in order to generate “VNN cryptocurrency”. The fourth is Cabincoin OÜ which "is currently advertising an unregistered token sale for Cabincoin Tokens". The last on the list is Baappay Inc. that “is a multi-layered platform that integrates both fiat and cryptocurrency payment services for merchants, that will confirm and guarantee all payments in seconds,” its website declares. 

The Commission has got the information about these crypto trading platforms last month after it received a number of complaints about them, claiming that to date no platform has been estimated by the OSC as an exchange or exempted from recognition. Any platform suggesting cryptocurrencies that fit the definition of securities “must determine whether it is a marketplace. Marketplaces are required to comply with the rules governing exchanges or alternative trading systems,” the news source added.

Chinese Miners to Fall Victims of Ransomware

Looks like ransomware came together with "improved" firmware, that should "overclock" device
21 January 2019   79

In China, a ransomware spreads, victims of which are Bitcoin miners. The damage from its activities is measured in tens of thousands of dollars. This is reported by Trustnodes.

The virus infects miners, released by Bitmain, and requires you to send 10 bitcoins, otherwise threatening to cause overheating of the device.

The problem is solved by formatting the SD card of the infected device, however, as Trustnodes notes, the whole process can take up to four days, while malicious software rapidly spreads to the other miners.

Compromised device
Compromised device

Probably, the virus comes with an "improved" firmware for miners. Some owners install such firmware to “overclock” their ASIC devices and improve their performance.

The first messages about the virus refer to August last year. In particular, Antminer S9, T9 and even L3 + for Litecoin were attacked. Over time, the malware has been improved. Now its distributor himself can decide when to display a message requesting a ransom. One miner also said that one night the address to which the 4,000 devices belonging to him sent the mined cryptocurrency was changed to the address of the hacker, which brought him $ 8,000.