Wall Street Journal: Buyer Beware: Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud. “Hundreds of technology firms raising money in the fevered market for cryptocurrencies are using deceptive or even fraudulent tactics to lure investors. In a review of documents produced for 1,450 digital coin offerings, The Wall Street Journal has found 271 with red flags that include plagiarized investor documents, promises of guaranteed returns and missing or fake executive teams.” This article is paywalled.
Search Engine Land: Bing is latest to ban cryptocurrency ads. “In another blow to cryptocurrency marketers, Bing Ads is banning ads promoting cryptocurrency sales, offerings and related products. Facebook, Google and Twitter banned cryptocurrency ads earlier this year.”
Coindesk: A New Facebook Messenger Malware Is Targeting Crypto Users. “A malicious Google Chrome extension known for its effectiveness has been revamped to target cryptocurrency exchanges, cybersecurity company Trend Micro reported this week. Dubbed FacexWorm, Trend Micro said in a blog post that the malicious extension’s capabilities ‘were made over’ to steal user credentials for Google, MyMonero, and Coinhive; in sum, it promotes a scam that dupes users into sending ether to the attacker’s wallet and drains a computer’s processing power to power clandestine cryptocurrency mining.”
Gizmodo: John McAfee-Backed Cryptocurrency’s Thousands of Investors Exposed in Data Breach. “A leaky database discovered online contains a wealth of sensitive data belonging to thousands of investors in Bezop cryptocurrency, including photocopies their driver’s licenses and passports, according to a report from Kromtech Security.”
Digital Journal: New website launched for easy conversion of cryptocurrency and world currency. (PRESS RELEASE). “A new website has been launched for easy accurate and powerful online currency conversion. The website CurrencyConvert.online has been designed to convert as many as 2636 conventional currencies and cryptocurrencies conveniently. The website supports 60 languages.”
CNET: Google bans cryptocurrency mining extensions for Chrome. “Google has a new policy that’s mine-numbing for cryptojackers. Google announced that it’s kicking all cryptocurrency mining extensions off its Chrome web store, pointing to how often they’d been abused by scammers.”
The Next Web: Ethereum’s creator is mad at Facebook for not removing fake profiles of him. “Ethereum founder Vitalik Buterin has been dealing with tons of fraudulent Twitter impersonators seeking to steal cryptocurrency from naive investors – but it seems the trend has gradually caught on to other social media platforms like Instagram and Facebook. The young entrepreneur has taken to Twitter to criticize Facebook and Instagram for allowing clearly fraudulent accounts to exist on their platforms. Buterin also took a moment to ask his followers to report the fake accounts, because he does not have one himself.”