Sirin Labs Users informed about the Hack of SRN Holder

The producer of a mobile phone with military-grade security, Sirin Labs has claimed on its Telegram channel that a major SRN token holder was hacked
14 June 2018   650

SRN is a token which raised ‎$157.8 million and has become the fourth largest ever at that time. Currently, according to coinmarketcap.com, SRN has a market capitalisation of $44.2 million. 

Sirin Labs is a blockchain firm that deployed a mobile phone with military-level security called Solarin. The phone retails at $14,000 in the US. The appliance is unique as it features a switch that  encrypts all communications, and it comes with a concierge service which monitors the state of the device.

We look at the newest and the most advanced technology and incorporate [it] into a new phone. That costs a lot of money.
Tal Cohen
Chief Executive, Sirin Labs

Announced in February 2018, The FINNEY line of devices will be launched on the Sirin operating system and come pre-integrated with the cryptocurrency of Cardano, ADA. They are processed by the Tangle, that is the network of a company called IOTA. The devices were developed in the collaboration with a Japanese company Emurgo. 

Sirin Labs informed its subscribers in their Telegram channel:
A large SRN token holder just informed us that his wallet was hacked, which might explain the issues surrounding the token. Please ensure you’re taking all necessary precautions to protect your wallets.
Sirin Labs
in Telegram

Above 40 percent of SRN tokens are concentrated on a Las Vegas-based cryptocurrency exchange - Bittrex, according to Cryptovest. As reported, the hack has so far not been not been widely considered as yet.

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.