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   3342
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.

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   110

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.
 

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.
 

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.