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Malta Financial Services Warns About Emirate Coin Scam

Sying Tien

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In a recent press release issued by Malta Financial Services Authority (“MFSA”) warned against dealing with Emirate Coin scam that offers Bitcoin cryptocurrency investment plans with alleged weekly payouts of up to 25%.

Emirate Coin claims that it is an MFSA licensed investment and cryptocurrency exchange institution, which its not.

Screenshot taken today from Emirate Coin’s Website

“The MFSA wishes to alert the public, in Malta and abroad, that Emirate Coin Tech is NOT a Maltese registered Company NOR licensed or otherwise authorized by the MFSA to provide any investment, crypto currency or other financial services which are required to be licensed or otherwise authorized under Maltese law. Furthermore, information available to the MFSA suggests that Emirate Coin is likely to be a scheme of dubious nature with a high risk of loss of money. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.” the statement reads.

Cryptocurrencies remain soft targets for scam artists and hackers. And fortunately allot of the new cryptocurrency investors loses their funds everyday.

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Bitcoin

A Backdoored Tor Browser is Being Used to Steal Bitcoin From Tor Users

June G. Bauer

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Tor-Browser-Backdoor

A trojanized version of the Tor Browser is currently targeting Russian users to steal their Bitcoin funds. This was discovered by ESET security researchers.

When victims try make any Bitcoin transactions, the Backdoored Tor browser will automatically replace the original destination address with another address controlled by criminals.

The attackers are promoting their trojanized version of the Tor Browser through posting spam message on some popular Russian cryptocurrency websites to encourage victims to download and use the infected browser. Two domain names are used to distrubute the infected browser tor-browser[.]org and torproect[.]org

At the moment of publishing, the cryptocurrency wallets controlled by the attackers received 863 transactions worth of $40,000 in Bitcoin cryptocurrency.

Example of spam message promoting tor-browser[.]org . Image credit: welivesecurity.com

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Bitcoin

Malicious WordPress Plugins Used to Mine Cryptocurrencies

June G. Bauer

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WordPress Plugins Used to Mine Cryptocurrencies

Security researchers at Sucuri have discovered a number of fake and malicious WordPress plugins that are being used not just to maintain access on the compromised websites but also to mine cryptocurrencies.

WPframework is a commonly used WordPress malicious plugin that hides itself to be a legitimate plugin, but its a PHP backdoor that will allow attackers to maintain their access even after the initial infection vector has been cleaned up.

The plugin will download Linux executable binary files to mine cryptocurrencies in the background.

What is WordPress?

WordPress is a widely used open source content management system (CMS) written in PHP with back-end MySQL database. WordPress is considered to be the easiest and most powerful blogging and website content management system in existence today. Right now, there are around 75,000,000 websites are using WordPress.

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Bitcoin

A 148 Years Old Church is Being Sold for 182 BTC in UK

June G. Bauer

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church-btc

A 148 Years old church located in Durham, North East England is up for sale for around 182 BTC (£1,200,000).

The church dates back to 1871 and was designed by the Darlington based architect JP Pritchett . The listing is posted on UK property portal Rightmove.

According to the listing, the vendor is willing to accept the cryptocurrency Bitcoin (BTC) as a method of payment. The final sale price in BTC is to be agreed and confirmed with the vendor and will depend on the market valuation of BTC at the time of sale.

Image Credit: RightMove.

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