Scammers to Use Musk' Name Again

Using hacked 'verified' Twitter accounts and Elon's name, hackers were able to still about $170k
06 November 2018   481

On November 5, hackers cracked several confirmed Twitter accounts to impersonate Tesla head Elon Musk, Business Insider reported. One of the attackers managed to collect $ 170,000.

After hacking, hackers changed names and profile pictures and continued to make posts. They also announced that Ilon Mask had organized the distribution of 10,000 bitcoins, in this case Bitcoic, and published a link for those who want to participate.

Fake Elon Musk
Fake Elon Musk

According to the link, to participate, you must confirm your wallet address, but this required sending from 0.1 to 1 BTC. Back promised to send from 1 to 10 BTC. For senders over 0.5 bitcoin, a bonus was provided.

To circumvent the built-in protection of the social network, the attackers changed the letter “l” in the name to a similar sign. The name and surname remained similar to the real ones, but Twitter did not recognize deception.

The hackers used several accounts to scam, including filmmaker Pathe UK and American politician Frank Pallone.

Daily Beast reporter Lachlan Markey received confirmation from campaigners politician that the accounts was hacked. They also believe that this is not politically motivated.

Further, the journalist notes that a total of $ 158 256.75 was sent to one of the addresses. At the time of this writing, the account has 26.3842 BTC, or about $ 170000.

A little later, the film company returned access to the account and deleted posts related to the distribution of cryptocurrency.

BTC Volatility to Fall by 98% in a Year

Analyst believe that low volatility indicates a decline in speculative trading 
18 January 2019   91

Since January last year, the first cryptocurrency volatility has decreased by 98%. So, if on January 16, 2018, it was $ 3,468, then a year later - only $ 61, CoinDesk reports.

Note, the daily volatility over the past year decreased from 9.1% to 3.6%, although on December 16, 2018 was about 26%.

In absolute terms, the maximum daily volatility in the first quarter was $ 973, and in the following: $ 345, $ 245 and $ 195, respectively.

At the beginning of 2019, this figure also did not exceed $ 200, and on January 12 it reached a minimum value of $ 45.17.

Analyst stressed that low volatility indicates a decline in speculative trading and an approach to a sharp price movement.

In his opinion, Bitcoin will soon leave the range of $ 3,500- $ 3,700 in favor of the bears. At the moment, the first cryptocurrency is trading at around $ 3,590.