Slack Attack: phishing scams target blockchain companies

A number of blockchain and cryptocurrency companies have fallen victims to phishing scams that utilize the messaging service Slack
11 July 2017   4014
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Multiple blockchain companies were targeted by a phishing scam through the messaging service Slack.

Slackbot kindly asked users to log in to MyEtherWallet (MEW):

Phishing scams through Slack Phishing scams using Slackbot for the attack

Those who clicked on the attached hyperlink were redirected to myether.com.co, a site impersonating MEW. Apparently, the false front allowed the scammer(s) to collect wallet details from their victims.

Fortunately, most users quickly realized that the hyperlink to MyEtherWallet was fake, as evidenced by the “.co” at the end (or “.su” domain). The victims of the attack hastened to inform others on Twitter and other social media, but, unfortunately,  the Slack team did not provide an immediate solution.

Slack responses to those affected by phishing scams Slack responses to those affected by phishing scams

Slack channels of some of the most famous blockchain companies saw post after post of users calling for the ban of scam accounts. Many corporate leaders took proactive measures to alert their users, however, now it seems totally clear that as the communication software of choice among blockchain developers and founders, Slack might be the weakest link in corporate cybersecurity.

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   67

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.