Kaspersky Unveils New Facebook Phishing Scheme

Attackers now use the fake Facebook page to still users' funds
22 January 2018   2003

Kaspersky Lab experts told about a new phishing scheme aimed at holders of crypto-currencies, who are following favorite projects on Facebook. This scheme is more sophisticated than the "good old spam mailings" with a security alert or an offer to take part in the survey, for which it is suggested to follow the link with all the ensuing consequences.

As mentioned above, the new scheme is related to the features of the social network Facebook. The attacker creates a copy of the popular cryptocurrency community: it can be an exchange or a separate crypto-currency, with an address similar to the original one.

Next, the scammer from his new page sends out a notification to the subscribers of the original community, and he does it in a very intricate way.

In order to address the victim's address, they share her profile photo on their page and mark the user in this post.

Kaspersky Team

The fact is that the privacy settings of Facebook do not allow you to prohibit the distribution of the profile photo, which means that the notification will be guaranteed to all users, except for those who have disabled notifications from third parties.

This ends the originality of the method, and then uses the standard message that the lucky guy has allegedly won a nice amount in the cryptocurrency, for which he is invited to click on the link, after which he will leave his data.

In the example considered, the fraudster on behalf of the Kucoin exchange offered to receive 20,72327239 WAVES tokens.

New Facebook Fraud
New Facebook Fraud 

We recommend you to avoid visiting strange pages/websites and use two-factor authentication to protect your accounts.

PascalCoin to activate V3 Hard fork

PascalCoin V3 Hard fork will be activated on block 210,000 on May 31 and feature anonymity via transaction mixing and inflation reduction
26 May 2018   39

PascalCoin is preparing for V3 Hard fork scheduled for May 31. It will introduce key improvements as such:

  • anonymity transaction mixing;
  • 50% inflation reduction;
  • Lazarus/FPC gets 10% of funding

To get more into the details:

PascalCoin transactions occur between publicly visible accounts and the crucial aspect needs to be implemented - fungibility. The improvement will allow users to perform 'client-server mixing', 'network-protocol mixing', 'chaining multi-transactions', 'decentralized exchanging' and 'monetized-API mixing'.

As for Lazarus/FPC (a base tooling from which PascalCoin is founded on), a total of 10% of the Developer Rewards is recommended to be allocated for the FOSS project funding. In a long run, a large developer mind-share is expected to reduce costs significantly.

To learn more about the details of the fork, you can visit Improvement Proposal page here. And regarding the market characteristics of PascalCoin, at the moment of publication they are as follows:

Average price 0.765895 USD
Market cap 15,978,408 USD
Volume (24H) 89,861 USD