Texas Issues Cease-and-Desist over LeadInvest

Panama-based cryptocurrency firm is alleged in promoting unregistered securities targeting the U.S. state's residents
27 February 2018   363

According to a CoinDesk, the Texas State Securities Board (TSSB), a local financial watchog, issued a new cease-and-desist order on Feb. 26 to a cryptocurrency firm from Panama named LeadInvest.net.

State financial regulator sees the firm's cryptocurrency mining and trading programs as unregistered security offerings. LeadInvest also alleged in using fake stock images to portray its team members.

The watchdog states that the company's website and promotions have allegedly been making deceptive and misleading statements when targeting Texas residents - promising 20 to 100 percent returns on investments within one to three months through the firm's cryptocurrency mining and trading services.

The TSSB further says that the photos of the company's staff are stock photographs of models that can be found on the web or are images of other individuals with no connection with the company.

The regulator states that, as of Feb. 26, the firm has raised over $177 million from over 190,000 accounts.

G Suite & Target Twitter Accounts Hacked

Scammers hacked verified G Suite and Target Twitter account to use it for another fake "crypto giveaway"; 5.8634 bitcoins received
14 November 2018   64

Twitter accounts of one of the leaders in US retail Target and Google G Suite services were hacked by unknown, who immediately announced the free giveaway of bitcoins. The legitimate owners returned access to their pages quickly enough, but fraudsters still managed to get about $ 30,000.

After hacking the account G Suite, which has more than 800k subscribers, announced the distribution of 10 000 BTC. As reported by The Next Web, this post was deleted after 10 minutes. At the moment, Google has not commented on the situation.

Scammers message
Scammers message

Account Target, which has a little less than 2M subscribers, announced the distribution of 5 000 BTC.

Representatives Target confirmed hack of account, starting an investigation into the circumstances of the incident.

Early this morning, our Twitter account was inappropriately accessed. The access lasted for approx. half an hour & one fake tweet was posted during that time about a bitcoin scam. We have regained control of the account, are in close contact with Twitter & are investigating now.

As exploers show, there were no transfers to the of hackers of the G Suite account. However, with the help of a post on the Target page, attackers were able to get 5.8634 bitcoins.