New news on virtual currency fraud

By Sleo821 | Sleo_777 | 16 Apr 2020

  • Criminals use fake browser extensions to attack encrypted users

Many people rely on browser extensions to interact with hardware or browser wallets
In recent weeks, there have been some new fake browser extensions that target various services,
Including MyEtherWallet, Ledger and Trezor

The chrome browser plug-in impersonating Ledger wallet continues to steal cryptocurrency from users, a patient who allegedly is COVID-19 claims to have lost 14,000 XRP
One user posted a post on Reddit to warn others that they had just lost 14,908 Ripple (XRP) (approximately $ 2577) in a fake wallet plugin in the Google Chrome store.

According to the post, the poster was "leannekera", and what she lost was funds for a savings plan that she and her husband have continued since 2017.
The wallet to which her XRP was sent soon transferred her funds to a second wallet, which currently has nearly 15 million XRP




  • U.S. authorities crack down on new crown virus fraud cases

The report found that the US government is cracking down on cyber scammers posing as health officials such as Alex Jones.

The FBI, the Federal Trade Commission, and the attorney generals across the United States are stepping up efforts to suppress fraud involving the suspected new crown virus (COVID-19).

According to news reports, the fraudulent activities surrounding the new crown virus have continued to rise, with more than 1.4 million people infected worldwide, and many cities have adopted closure strategies.
According to this week ’s report from San Francisco-based cybersecurity company Digital Shadows, there are more and more fraudulent activities in the form of phishing emails, fraudulent products, and false promotional activities.

Malicious links that put users at risk

The Digital Shadows report found that more and more scammers masquerade as other legal organizations such as the World Health Organization (WHO), t
he US Centers for Disease Control and Prevention, and Johns Hopkins University.

These phishing emails generally require users to click on the links to download malicious viruses that steal sensitive information such as credit card accounts

If we continue to be affected by lifestyle changes, people will even rely more on apps and software to provide them with accurate and true information.
Breaking our trust in the system during a crisis is a great way to cause confusion. "

Security company Check Point reported that the registration of domain names related to the new corona virus has increased significantly in the past few weeks.
It is also said that advertisements of hacking tools using the new crown virus tools appeared on dark web sites that could not be indexed by Google or other search engines.

Yaniv Balmas, Director of Cyber ​​Security at Check Point, said, "During this special period, this will cause more malicious tools to fall into the hands of malicious people and cause us to experience more security risks during the COVID-19 outbreak."
Home office makes companies vulnerable to attacks

Experts also reminded that as more people work from home, the risk of cyber attacks on some companies also increases.

In addition to the persistent price fraud problem, these loopholes also exist. Companies such as Amazon, Yiji, and Wal-Mart are working hard to prevent "bad actors" from raising commodity prices during the epidemic, such as hand sanitizers and masks.

Attorney General William Barr reminded all lawyers in the United States to pay close attention to similar scams in the coming weeks.

Barr writes, "Even if there is no intentional person to profit from public panic, the epidemic itself is already very dangerous, so we cannot tolerate this behavior. The Ministry of Justice must carefully screen, investigate and prosecute criminal activities related to this epidemic.
Barr also said that despite the increasing number of suspensions of the judicial department affected by the epidemic, the judicial department will continue to prosecute such crimes.

On Tuesday, US Congressmen Mark Warner and Richard Blumenthal urged the FTC to severely crack down on Google ’s illegal advertising of protective masks during the epidemic, and prohibit the publication of content on sensitive incidents during periods of scarcity of masks.

The FTC and the US Food and Drug Administration (FDA) jointly issued a warning letter to these seven businesses for selling unauthorized counterfeit products that claim to treat or prevent the new coronavirus. The products involved are tea, essential oils and colloidal silver.

The FDA said that there are currently no approved vaccines, drugs or clinical trials for the treatment or prevention of new coronavirus, and products that use this as a gimmick will be investigated.



  • Scammers posing as World Health Organization to defraud BTC COVID-19 donation

According to cybersecurity company Sophos, some online criminals are impersonating the World Health Organization (WHO) in order to steal cryptocurrency donations.
Sophos 'cyber security expert Chester Wisniewski reported on the WHO counterfeiters in a tweet on March 19 and posted screenshots of the scammers' emails.
According to Wisniewski, fraudsters tried to mislead people to send them bitcoin as a donation to the WHO COVID-19 Solidarity Emergency Fund launched on March 13th
The impostor asks potential donors to donate by sending Bitcoin directly to the address specified in the email. According to data from security researchers, the impostor also used the fake address [email protected] to deceive people.
According to's browser data, as of press time, the two Bitcoin addresses listed in the fake email were empty
Many governments have warned the public about the outbreak of crypto scams, attempting to use widespread concerns related to COVID-19 to scam. On March 11, the UK (UK) Financial Conduct Authority issued a formal warning,
It is said that corona virus scammers can mislead people to provide them with money in every possible way. The regulator wrote:

"Beware of scams related to coronavirus (Covid-19). These scams come in many forms and may involve insurance policies, pension transfers or high-return investment opportunities, including investments in crypto assets."

Earlier, British police had warned that corona virus scammers demanded payment in bitcoin. Cointelegraph also reported on CovidLock, a ransomware with a coronavirus theme, which infects users ’devices,
It also requires payment of $ 100 in bitcoin in exchange for a password to return control of the device to the owner.



  • Former Microsoft employee sentenced to 18 felony for digital currency fraud

A former Microsoft employee was convicted of 18 major federal crimes related to a complex plan to use cryptocurrency to embezzle $ 10 million.

The man is a 25-year-old Ukrainian named Volodymyr Kvashuk. He started working as a full-time software engineer at the company in August 2016 and was fired in June 2018.

On February 25, the US Department of Justice revealed that the U.S. District Court in Seattle found Kvashuk guilty.

He hid his plan behind his colleague ’s account and used a wide range of fraud and cryptocurrency hybrid services to cover his tracks

Therefore, the 18 serious crimes include five telecommunications frauds, six money launderings, two serious identity thefts, two false tax returns, one mail fraud, access device fraud, and access to protected computers to promote fraud.

While working at Microsoft, Kvashuk participated in the company's online retail platform testing. He used his test rights to steal "currency stored value", such as cryptocurrency gift cards, and then resold online to profit from it.

At first, Kvashuk received a small amount of $ 12,000 in funds from his account. As the theft rose to millions of dollars, he began using a test email account tied to other employees.

To further conceal his connection with the program, Kvashuk used a bitcoin hybrid service to confuse the digital sources of funds, and these funds were eventually transferred to their bank accounts

Kvashuk forged tax returns Kvashuk will face up to 20 years in prison for his crimes












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