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Dark Web Scammer Allegedly Earned 200 BTC by Faking Domain Names

  • Alex Morris
    📰 News

    You might have helped this scammer earn a fortune by incorrectly typing the domains of your favorite websites. A network of typosquats, which has been detected by cybersecurity company Digital Shadows, allegedly made a whopping $792,000 worth of Bitcoin over the span of four years


Dark Web Scammer Allegedly Earned 200 BTC by Faking Domain Names
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A scammer has reportedly made 200 BTC  on the dark web with the help of typosquatting. However, cyber threat intelligence company Digital Shadows claims that they couldn’t verify whether these claims were valid.

scammer

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A network of typosquats   

Criminals specifically target dark web websites since their domains are much longer, and it’s easy to trick uninitiated users. One might think that one domain wouldn’t be a big deal, but the report actually states that there is a large-scale a network of typosquats that has been active for at least four years and includes more than 800 domains.

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Monetizing typosquatting

The bad actors (it could also be a single person or entity) earned as much as 200 BTC ($792,642 at press time). That essentially proves that brand impersonating can be a perfect money-making opportunity – criminals earn a lot of by running ads on fake websites and accepting payments from gullible visitors. As mentioned above, Digital Shadows still couldn’t verify whether the group managed to amass such a huge amount of money.

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Being cautious

In order to prevent such ‘black swan’ situations, Digital Shadows recommends its customers to monitor for typosquats and report them. The same applies to fake social media profile that can also put a damper on the company’s reputation.

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Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak

  • Alex Morris
    📰 News

    Binance Coin is so far the second cryptocurrency (after EOS) that managed to rebound after January 2018's drawdown


Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak
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After surging by more than 14 percent over the last 24 hours, Binance Coin has managed to surpass its previous ATH that was recorded during the peak of the bull market in January 2018, according to the data provided by CoinMarketCap (CMC). The historic rally was triggered by numerous recent developments inside the exchange’s ecosystem.  

Binance Coin, CoinMarketCap
Binance Coin continues to register double-digit gains, image by CoinMarketCap

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BNB makes history

At the time of writing this article, the price of the BNB token is at $24.65, rising above its previous ATH of $24.46 that was recorded on Jan. 12. Hence, Binance Coin, the seventh largest cryptocurrency by market capitalization, becomes only the second asset to reach a new price peak after the crash of the speculation-driven bull market. EOS, which is sitting one spot above BNB on CMC, achieved a similar feat in May 2018.

‘Binance Coin is outpacing the overall crypto market. While Bitcoin is off 75% from its all-time-high, Binance Coin has recovered. There is fundamental growth and synergy taking place that is contributing to the rising price of Binance Coin,’ says BitBull Capital CEO Joe DiPasquale.

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Pumping other coins

On Apr. 18, Binance launched the mainnet of its custom Blockchain Binance Chain. The migration of BNB tokens from Ethereum to Binance Chain is scheduled to take place on Apr. 23. This is going to be the second largest token swap in history.

Binance, which is now completed with Ethereum, has already on-boarded some Blockchain projects, including Mithril (MITH) that experienced a 70 percent price pump after its launch on Binance Chain.

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