The Russians created a fake wallet Electrum: How to identify a Scam and not to fall into the trap

Kriptonyte always been the target of criminals and hackers. This is a new form of money allows you to move them around the world without any obstacles, what makes the niche so popular among hackers. Right now, the ratings GitHub is gaining new Electrum wallet, which in reality is not what it claim to be.

Another fake crypto

Most cryptocurrency enthusiasts and veterans know that not all programs on the Internet can be trusted. The community has repeatedly recorded many attempts to deceive the naive cryptonomicon by using fake purses, which are simply stealing the money. It seems that the trend is on the decline is not going to go. Recently there were reports about a new purse-a copy of Electrum, which is actively promoted on GitHub.

If someone does not know, Electrum is an open-source crypto code. The application code can be downloaded from GitHub. Savvy cyber criminals from Russia used this opportunity and created its own wallet, which quietly steal the money of users.

According to information NullTX, a fake web wallet is hosted on Russian hosting Exodus. The main difference from the original blast zone .one, while the real purse is running on the domain .org. It is likely that Russian hosting was hacked, but the problem may be much more serious. The repository in GitHub called “Electrvm” instead of “Electrum”, and this is a direct indication of a malicious intent.

Fortunately, Metamask, and EthAddrLookup already brought this host in the blacklist. As a result, most users will not be able to download a fake wallet.

Now that the secret is out, will be interesting to see how long will last this website and the wallet. Since fake domain Electrum.one was a few months ago and it still works, its complete elimination may require a little more time than expected. It should be noted that until now, information about the victims from the hands of fraudsters is no.

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Google demanded Samourai Wallet to abandon the corporate functions of the purse

In view of the threat of exclusion from Google Playmarket team Samourai Wallet reported that forced to abandon some of the functions of his wallet, sushestvovala 2015. We are talking about protection from SIM-based swap, “stealth mode” and remote SMS commands.

Version update Samourai Wallet 0.99.04 appeared in the app store Google Playmarket in abbreviated form. As reported by the project team, the new app is not the function of Stealth Mode, SIM Switch Defense and SMS Remote Commands, and it is due primarily to requirements Google.

The project was forced to abandon the features that existed since the creation of the wallet in 2015, under the threat of removal of his app from the store.

“All three functions… defined our product as a unique offering in the background a typical approach copy+paste, and ensure the protection and safety of the users. No other purse still did not have these features, and most likely, they will not have due to Google and its policies,” said the company in a blog post.

Samourai Wallet claims that he had asked Google to leave these functions in exception a few months ago, but just recently got rejected.

“We have provided evidence that the function of SIM Switch Defence repeatedly warned users about trying the SIM swap, it said. — We are very proud that our little technology many times enabled to protect users from the attacks of the SIM Saperov, due to the fact that the system of protection of mobile phone providers, are rife with holes”.

“Stealth mode” allows (or allowed) users to carry out transactions in Bitcoins using smartphone imperceptibly thanks to a specially developed interface. Function remote SMS commands allows to remove the bitcoin wallet if the user for some reason lost control of the smartphone with the installed application, for example, as a result of theft or loss of your device.

Users are advised to disable the “stealth mode” before installing the updated version of the application. However, the company promises that in the coming months will be able to provide customers with the ability to download the full version updates from your site, as well as in the app store F-Droid.

Samourai Wallet also hopes that he will manage to convince Google in the future, and encourages the community to support this initiative.

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Welcome to a new era: the United States formally imposed sanctions on a Bitcoin wallet

The office for foreign assets control of the United States (OFAC) launched a full-scale campaign against the two Iranian “intermediaries” that distribute malware. Law enforcement agencies have published the addresses of the wallets to the suspects and warned cryptocommunist that all who will send the cryptocurrency for these purses, also face sanctions.

Cryptocurrency wallet instead of fingerprints

The names of the crooks — Horadada Ali and Mohammad Ghorbanian. According to today’s press release the U.S. Treasury Department, the criminals had helped in the exchange of crypto-currencies to Iranian Rial obtained from the “Iranian hackers”. The latter, in turn, participated in cyberattacks SamSam.

“Horadada and Ghorbanian provided financial, material or technological support for hacker attacks SamSam.”

Experts OFAC identified the Bitcoin address the suspects, later they were released. As it turned out, through their wallets was about 7000 bitcoins with transactions with 40 of the largest exchanges. Even with the current price of the cryptocurrency is more than $ 25 million.

The U.S. Department of justice suspects Horadada and Ghorbanian in the attack on 200 networks in the US, the UK and Canada in 2015. The user of one of the hospitals in Indiana were forced to pay a ransom to the scammers that their databases again.

Why this news caused such a stir in cryptocommunist? The U.S. authorities first imposed sanctions on the wallet address with cryptocurrencies. Besides, today, OFAC first tried to associate addresses to individual.

As traditional Bank accounts, these cryptococal should help to identify the transactions that were used in criminal activities. The information obtained will be used to search for any relations involved in these addresses.

Besides, today the cryptocurrency Horadada and Ghorbanian officially recognized by the OFAC property subject to seizure. Representatives of the office for foreign assets control of the U.S. also promised to stop all Iran’s attempts to use the digital assets in order to evade sanctions.

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Anonymous bought a million litecoin. Now he owns the biggest LTC wallet

Last week, the Litecoin system has processed one of the largest transactions in its history. Someone bought 1.15 million coins LTC totaling $ 61 million. It is noteworthy, that the fee for the group transaction was only 50 cents

Looks like the funds have been reallocated from several outdated addresses to a new address with multipoles Segwit. Now it is the largest number of litecoin. The most money in the previous address reset, indicating the same owner.

As they say on AMBCrypto, transfer of legacy addresses were made in multiple transactions 20 thousand LTC. At least four of them had the remains of more than 150 thousand coins. Data about the owner of the wallets are missing. It is also unknown whether address one person or group of persons.

What are the advantages SegWit?

A deprecated address different from SegWit addresses of the transaction speed and security. Operations inside SegWit have lower Commission. The innovation allows for a “group” of transactions, which saves time.

Also worth noting is a new opportunity to change the unique identifier of the transaction in advance of confirmation. This allows users to mask the transaction, even if all prerequisites are met.

Recently appeared information about the upcoming update Litecoin Core 0.17, after which a Commission within the network of Litecoin was to fall ten times.

Today Litecoin is trading at $ 51. The capitalization of the coins exceeds $ 3 billion and a daily turnover of 375 million.

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Bitfi threatened by hackers, hacked her “unbreakable” crypto wallet

Bitfi the company that created the supposedly “unbreakable” crypto wallet, approved by John McAfee has shown its true face. As it became known to the security researchers that hacked the device, began to receive to your address direct threats from representatives of the company.

Recently Bitfi published a post on Twitter, which, however, were soon hastily removed, which warned researchers (one of whom is only 15 years old) that they can expect certain “consequences” because of the work they were asked to do for a fee.

“This is my last tweet because my shift is about to end. You guys first thought would be, who decided to fight and what resources these people have,” reads the official Twitter account Bitfi. “It is unwise. Remember that hoax that you are known to distribute in respect of the purse Bitfi, can have serious consequences.”

Of course, as is already customary in the cryptocurrency community, the statement immediately “sestrinstvo” and published on other sites before Bitfi deleted it. Here’s a copy for posterity:

After receiving threats, the researchers said, cease all activity aimed at Bitfi:

“We do not Bitfi after they published a series of threats on Twitter,” said hacking team.

The company Bitfi pompously claimed to have developed the first truly “unbreakable” storage solution for cryptocurrencies. According to researchers, this was not the case.

See also – Cracked the “unbreakable” crypto wallet John McAfee

After security experts were able to detect a large number of holes in the purse and also hack the device and “chop” it in DOOM, Bitfi tried to override the value of “invulnerable”. As you remember, John McAfee offered a reward of $ 100,000 to someone who can hack wallet Bitfi.

“We immediately recognized that generous compensation is a fraud”, — said the cyber security researcher Andrew Tierney (better known as Cybergibbons). “I like the program for finding bugs, but it is silly to claim that something is impossible to crack”.

It seems Bitfi decided that threats against hackers, just doing his job, is the easiest way to burn bridges and not to pay remuneration.

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Cracked the “unbreakable” crypto wallet John McAfee

Remember, we wrote about the “unbreakable” crypto-currency wallet, which is so ardently promoted John McAfee?

A group of researchers successfully made several of the signed transaction, despite all the “safety mechanisms” that were supposed to prevent this.

Researchers believe that they have fulfilled all conditions to receive compensation in the amount of $ 10,000. Bitfi announced three criteria for awards: the researchers had to prove that they can modify the device to connect to the server Bitfi and send sensitive data through the device.

Getting access to the device was rather easy: white hackers gained full access (root) to him two weeks ago. Since then, they kept track of all the information transferable device. The researchers also was able to confirm that the wallet is still connected to the servers Bitfi.

One of the researchers, Andrew Tierney (better known as Cybergibbons), comments on the work done:

We intercepted a message between a purse and [Bitfi]. This allowed us to display all sorts of silly messages. Interception really does not play a major role. We did it to demonstrate that it still works despite the significant changes we have made to the device.

But more importantly: Tierney also confirmed that they had fulfilled the third condition – they sent private keys of the device and its passphrase to the remote server by completing all three requirements to receive a US $ 10,000 as a reward.

We sent the led and the phrase from the device to another server using netcat, nothing unusual in this. We believe that all [the conditions] are met.

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Ontology [ONT] has released a desktop wallet, OWallet v0.8.1

Ontology, in its official Twitter announced the release of its official desktop wallet OWallet v0.8.1. Wallet supports both Windows and Mac.

OWallet v0.8.1 consists of three separate wallets, each of which performs a specific function.

  • Individual purse
  • The total purse
  • Registered purse

Individual wallet in the app OWallet is a classic cryptocurrency wallet. The user interface of this purse contains all the necessary information about transactions in the core network Ontology.

Individual purse also functions create a new wallet, import and export of the wallet, sending and receiving funds.

The second type of wallet that is a common wallet that allows multiple customers or users to have access to funds, but for verification of the transaction requires multiple signatures.

In the user interface of this wallet you can view the balance ONG and ONT as well as cost in US dollars, the names of all participants, their addresses, complete information about transactions and perform sending and receiving of funds.

Finally, register the wallet allows you to switch between the main and test networks, select the language (Chinese or English), and provides a choice of places to store keys for MainNet and TestNet, choose language, Chinese or English, and choose the location in which they can save the keystore.

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A bitcoin wallet, created on 1 July 2018, among the ten largest holders of bitcoins

According to Bitinfocharts, the address Bitcoin wallet, which was activated 1 July 2018, among the ten largest. The wallet address is at the sixth position, and stores a total of 594,77 8 BTC, worth 566 million US dollars.

The first five addresses that contains the largest number of tokens Bitcoin, cryptocurrency belong to exchanges, including Bitfinex, Binance, Bittrex, Bitstamp and Huobi.

Created purse, referred to in the material, received a total of 85 947,12 4 different BTC addresses.

The first transaction was 85 947,127 BTC amounting to approximately 568 million US dollars.

During the second transaction was transferred 0.000008 VTS in the amount of about 5.3 cents.

The third deal was 0,000005 BTC, i.e. 33 cents, the fourth transaction 0,00000547 BTC, 3.3 per cent.

Latest arrival observed BTC of July 3, 2018 at 4:50:53 UTC.

A huge amount of BTC came from address that was created on March 25, 2018, and the last major transaction was concluded on 1 July 2018. Just at this address was committed 152 of the transaction, and the activity shows that the amount of revenue is greater than the number of terminals.

The purse contained 93 947 BTC, of which slightly more than 85 947 BTC were transferred on 1 July 2018, which is the largest transaction at the specified address.

The transfer had no market impact. It is likely that the address belongs to either the person who transferred the BTC to one of your accounts to another bitcoin or purchased on the exchange platform, which was recently created, and its trading volumes are too small to influence the market.

Interesting is the fact that the account became active the day after the alleged Satoshi Nakamoto announced the release of two books. The books will detail talks about Bitcoin and its importance, and about Satoshi Nakamoto.

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A vulnerability has been discovered in the wallet Nano on Android

The owners of the cryptocurrency Nano which to store their funds used the Android app, it is recommended to urgently create a new wallet and transfer your funds there, as the wallet application, a vulnerability was discovered.

The project developers made an official appeal on this matter in his Twitter:

Earlier this year Nano has already hit the headlines of news sites, when hackers managed to steal a huge amount of altcoins from the Italian stock exchange BitGrai.

The new version of wallet for Android was released simultaneously with versions for iOS, Mac, Windows and Linux. However, just a few hours after this vulnerability was discovered.

Project managers are assured Nano users in social networks that the vulnerability has been localized and will not affect users of other wallets.

“We will soon have a patch,” said Troy retzer land, head of communications and public relations of the Nano.

In a separate message, retzer land added that the problem was “not as bad as originally anticipated”.

In the last 24 hours the price of the token has dropped by almost 10% and is currently trading at 2.50 USD.

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