The scam specifically targeted New Zealand Samoan community with OneCoin workers using SISDAC (Samoan Independent Seventh Day Adventist Church) and the Samoa Worship Center to reach a vast network of would-be investors. Church in its statement: “SISDAC has never knowingly participated or colluded in any way shape or form with any individual or organization in this type of illegal activity… seeking legal counsel over these matters that threaten the integrity and good standing of the church, its leadership, its missionary work and the well-being of its loyal membership.”
Malwarebytes has reported that botnet attacking Electrum has infected about 152,000 and has now stolen $4.6 million in cryptocurrencies. Malwarebytes explained: “Victims were being tricked to download a fraudulent update that stole their cryptocurrencies, Later on, the threat actors launched a Distributed Denial of Service (DDoS) attacks in response to Electrum developers trying to protect their users.”
Kelvin Usifoh and Onwuemerie Ogor Gift (both 24) have been indicated by the Attorney’s Office for the District of Oregon for allegedly defrauding victims of their Bitcoin Core (BTC). They managed to trick three investors from Oregon and California. They operated using sites www.wealthcurrency.com, www.boomcurrency.com and www.merrycurrency.com and promised to the investors: a 20-50% return on investment, zero risk and immediate withdrawals.
Victims are being tricked by online scammers into purchasing various cryptocurrencies through the scammer software platform, like other investment scams, when they tried to cash out the scammers either made excuses or were no longer contactable, Australian Competition and Consumer Commission (ACCC) said. At least $6.1 million to cryptocurrency-based scams last year, most losses are from investment scams. Hacking was also a major cause of reported loses, netting $3.1 million.
A 13-count indictment has been filed in the US District Court in Portland, Oregon, charging 2 men with the theft of 10.88 bitcoin worth roughly $59k as part of an allegedly fraudulent investment scheme. They encouraged their victims to transfer their bitcoin to private crypto wallets and falsely claimed they would be invested using unique trading methods & would maintain a constant high-interest rate, also purchased several domain names and used them to promote a scheme promising investors 20-50% returns on their bitcoin holdings, with zero risk and instant withdrawals.
The State Department of Drug Trafficking (Denarc) in Porto Alegre, Rio Grande do Sul, reportedly located a clandestine bitcoin mining laboratory in a small house while chasing a suspected drug trafficker on April 23. Brazilian police have arrested a man for operating a clandestine drug laboratory and money laundering using the leading cryptocurrency Bitcoin.
A study conducted by a security consulting firm revealed that unknown entity has been stealing Ether by making use of its weak private keys. Adrian Bednarek, a researcher explained, “Whoever this guy or these guys are, they’re spending a lot of computing time sniffing for new wallets, watching every transaction, and seeing if they have the key to them, and that the process itself was likely automated.”
A 21-year-old man has been sentenced to 10 years in prison in the United States to be convicted of stealing cryptocurrency by hacking into cell phones. Joel Ortiz had stolen more than $7.5 million from dozens of victims, with one crypto entrepreneur losing $5.2 million in a matter of minutes. Ortiz was detained at the Los Angeles International Airport last year, and investigators say they have only been able to recover $400,000 of the stolen funds.
Microsoft Korea has warned the nation that it is confronting an expansion in crypto jacking occurrences. Stealth crypto jacking is hard to identify and to a great extent shows itself in traded off framework execution because of the concentrated channel on handling power that crypto mining presents. Kim Gwi-ryun, representative from Microsoft stated, “We have noticed that as the value of cryptocurrency rises and falls, so does the mining encounter rate.”
The victim Alexei Yaromenko has filed an indictment against, Afek Zard, his roommate who allegedly stole DASH crypto worth of $9 million. Afek Zarad reportedly started investing in cryptocurrencies in 2013 and was responsible for teaching his roommate Yaromenko how to trade the new assets, before the alleged theft. Afek reportedly stole Yaromenko crypto wallet credentials from his computer in his absence and moved the cryptocurrencies to four different crypto wallets.