"Latin America’s Reddit" with Bitcoin tipping hacked

Taringa, Latin American social site with Bitcoin tipping, hacked and nearly all of the users' data compromised
05 September 2017   946

Taringa, Latin American social site with Bitcoin tipping, has fallen prey to a hackers' attack and nearly all of the users' (which is about 28 million) data has been compromised.

According to cointelegraph.com, Taringa had instituted a system to pay users for content production using Bitcoin. The site even partnered with Xapo to create digital wallets for content producers. Now hack of data may allow access to those wallets.

It is likely that the attackers have made the database containing nicks, email addresses and encrypted passwords. No phone numbers and access credentials from other social networks have been compromised as well as addresses of bitcoin wallets from the Taringa program!
 

Taringa's statement translated by cointelegraph.com

As reported, Taringa was using an aging encryption system for passwords called MD5. The hackers managed to to crack 95% of the 27 million passwords. Taringa has assured customers that wallet addresses were not compromised. However, the surety of the promise actually remains unclear.  

'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.