Snapchat joins the ban on cryptocurrency ads

Snapchat changed policy on the crypto-related advertisements – now ICOs have to look for another ad-provider, general cryptocurrency ads are for now unaffecte
22 March 2018   127

Recently there has a been a surge of large online platforms banning cryptocurrency and/or ICO advertisements. At first it was Facebook, after that – Google's AdWords platform and now Snapchat joins their ranks.

According to reports, the Snapchat's parent compnay Snap Inc. has benn working on changing its policy since February 2018. The restriction imposed won't affect all the cryptocurrency-related ads, but token sales advertisements are outright banned from now on.

CoinDesk asked the Snapchat representative for further clarification and they confirmed the rumors:

The move makes Snapchat the latest social media platform to ban ads for cryptocurrency ICOs, an increasingly popular form of raising money by issuing virtual tokens instead of more traditional company shares.

The decision to ban only the ICO-related ads seems quite tame in comparison to Facebook and Google's policy on the matter. As usual, the rumors go on to state, that current ban was fueled, again, by US SEC repeated warnings about protecting users from scammers, raising money for non-existent start-ups. While the representative failed to either confirm or deny such claims, it seem quite possible that it was the case.

MyEtherWallet DNS Servers Hacked

Number of MEW DNS servers have been replaced by unknown hackers for redirecting users to a phishing site; around $150k were stolen
25 April 2018   3

Users of MyEtherWallet lose around $152,000 worth of ether due to wallet's DNS servers hack.

Representatives of MyEtherWallet have already confirmed that a number of DNS servers have been replaced by unknown hackers for redirecting users to a phishing site. They also added that the problem arose not on the side of the service and at the moment they are trying to identify problem servers and resolve the situation.

MyEtherWallet Twitter
MyEtherWallet Twitter

Affected users used Reddit to report on the hack.

Went on to myetherwallet and saw that myetherwallet had [an] invalid connection certificate in the corner. As soon as I logged in, there was a countdown for about 10 seconds and A tx was made sending the available money I had on the wallet to another wallet  '0x1d50588C0aa11959A5c28831ce3DC5F1D3120d29.' I have no idea what happened.
 

rotistain at Reddit

Developers gave their advices.

Do not use myetherwallet.com if you're using Google Public DNS (8.8.8.8 / 8.8.4.4) at this moment. It seems these DNS servers are resolving the domain to a bad server that CAN steal your keys!
 

Micky Socaci

Lead developer, BlockBits. io

The official statement of MyEtherWallet said that the problem affected only those who used DNS-servers from Google. The service strongly encourages all users to use the server from Cloudfare.

Representatives of the resource also reminded users about the basic security rules: checking the SSL certificate, preferring the use of an offline copy of MyEtherWallet, storing crypto currency on hardware devices. In addition, they asked users to ignore scammers offering free distribution of ETH tokens.