Phantom Squad hackers extort Bitcoins

Phantom Squad hackers extort Bitcoins from hundreds of companies around the world
25 September 2017   2732

A group of hackers from Phantom Squad threatens hundreds of companies around the world with DDoS-attacks, demanding ransom in Bitcoins.

As reported, mass spam-campaign has begun on September 19th. The extortionists demand to transfer 0.2 BTC (slightly more than $750 at the current rate) to their Bitcoin-wallet until September 30th, and promise that after this date the amount will increase to 20 BTC, increasing by 10 BTC daily.

For now, it's rather difficult to count the exact number of the letters sent by the hackers. However, in social networks plenty confirmations of the mass character of the mailing can be found.

In addition, the network security experts at Radware doubt that the threat group is a genuine Phantom Squad, since the latter is known primarily for attacks on Xbox Live, PSN and Steam game services. On top of that, malicious users may simply not have enough resources for a DDoS attack on such a number of targets, experts say.

It is also noteworthy that the "Sender's Name" line of the hacker mailing lists a certain Mr. Smith, which may be a reference to the recent attack on HBO.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   159

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.