In 2017, startups and projects raised $6.3 billion through ICO, up from roughly more than $100 million in 2016.
ICOs investment on the rise
Decrypted Telegram bot chatter was found to actually be a new Windows malware, dubbed GoodSender, which uses the messenger platform to listen and wait for commands. Forcepoint researchers discovered what it described as a “fairly simple” year old malware that creates a new administrator account that enables remote desktop once it infects a victim’s device. The attacker then uses Telegram to communicate with the malware and send HTTPS protected instructions. The malware also revealed a vulnerability in Telegrams BOT API. Because the messages were sent by Telegram Bot API, and not between regular users, anyone knowing a few key pieces of information can snoop on the bot chatter and even recover full messaging histories of the target bot. Regular user’s messages are also protected with in-house MTProto encryption. This isn’t the first time threat actors have used commercial products to communicate. Researchers noted threat actors tweeting malware commands in a separate malware incident. Forcepoint contacted Telegram regarding the vulnerability in the API but has yet to hear back. Telegram hasn’t as yet responded to an SC Media query. The post Researchers find Telegram bot chatter is actually Windows malware commands appeared first on SC Media.
During the last year, several scams affected crypto users. Even after a whole year and several warnings, these scammers continue to operate. This time, Charlie Lee, the founder of the popular digital asset Litecoin (LTC), informed that there are several fake Litecoin groups that are scamming people. In general, the most used social media platform to scam users was Twitter. Scammers copied the profiles of several important figures from the cryptocurrency space or not and started to ask users to send funds to a specific wallet address. Now, it seems that as Twitter has been trying to fight against them, they are moving over to Telegram, a messaging application that is heavily used by crypto enthusiasts from all over the world. There are several fake Litecoin groups scamming people. By default, users can be added to new groups by "everyone". This should NOT be the default, so new users aren't silently added to fake groups & exploited by scammers. Or at least show a new group invitation! @durov @telegram pic.twitter.com/lh46CfrAIB — Charlie Lee [LTC] (@SatoshiLite) January 14, 2019 In this tweet, Charlie Lee tags Pavel Durov, the founder of Telegram, which is currently working on the Telegram Open Network (TON). This will be a next-gen blockchain platform that will also be featuring a new crypto token. In the past, Lee tried to warn users about this issue by writing a tweet in which he said he was giving LTC away to those that sent 0.01 LTC to the address displayed. However, when the user clicked on the link and entered the site, a message appeared warning users about it and that he is not giving away funds. The message displayed read as follows: “No, I am not giving away coins for free. In the future, don’t get fooled by tweets from me (or anything else) saying I will send you coins only if you send me some first. If it sounds too good to be true, it is too good to be true.” Litecoin is one of the largest digital currencies in the world. At the time of writing, it has a market capitalization of $1.94 billion and each LTC can be purchased for $32.
Bitcoin [BTC] and other cryptocurrency scams continue to thrive in the space despite the price plunge. This time around, Charlie Lee, the creator of Litecoin and Managing Director of Litecoin Foundation, has bought this topic up in the space again, on his official social media channel. Notably, the most common breeding space for these scammers are popular social media channels such as Telegram, Twitter, and Facebook. These scams continue to be one of the leading concerns in the space as it directly aims at the new people in the space. Earlier last year, the scam took an interesting turn when the scammers hacked verified accounts and started to impersonate well-known influencers including Vitalik Buterin, the co-founder of Ethereum and Changpeng Zhao, CEO of Binance, with the agenda of duping people in the space into giving away cryptocurrencies. This resulted in the two adding that they would not be giving away crypto/ ETH next to their names on their social media handle. To add on, these scammers managed to draw the attention of Elon Musk, the CEO of Tesla and SpaceX, with Musk remarking that the people behind the scam bots have “mad skill“. The catch with this scam is the scammers’ announce that they would be giving away cryptocurrency and to receive the “giveaway”, people are required to send a certain amount of crypto first to an address. Charlie Lee said on Twitter: “There are several fake Litecoin groups scamming people. By default, users can be added to new groups by “everyone”. This should NOT be the default, so new users aren’t silently added to fake groups & exploited by scammers. Or at least show a new group invitation! @durov @telegram” Charlie Lee’s Tweet | Source: Twitter This is not the first time Lee has raised awareness of these scams. In May 2018, the posted a tweet claiming that he is giving away 100 LTC for a limited amount of time. To get the cryptocurrency, people were first required to send 0.01 LTC to an address, and the details of the address were mentioned on a portal. When clicked on the link, it redirected to a page that displayed: “No, I am not giving away coins for free. In the future, don’t get fooled by tweets from me [or anything else] saying I will send you coins only if you send me some first. If it sounds too good to be true, it is too good to be true.” tbx[LTC], a Twitterati said: “I am in this group warning people to avoid those scams. But greed seems to be bigger than brain…they don’t think twice…” The post Litecoin [LTC] creator Charlie Lee fake groups on Telegram: warns users of impending spam attacks appeared first on AMBCrypto.