Fake Armada Collective Threats Trick Victims into Paying $100,000 in Bitcoin
People who have been keeping an eye on the technology sector will have come across the Armada Collective name before, as this group is notorious for the distributed denial of service attacks. The threat of cyber attacks has become so real that many individual users and enterprises would rather pay a fee than deal with the attack itself. This has created a new job opportunity for extortionists who will identify themselves as the Armada Collective, and demand a price to be paid in Bitcoin for not executing a distributed denial of service attack. Although it remains unknown how many people....
Related News
A cyber criminal claiming to be from Armada Collective has sent a ransom email asking website owners to either send him 1 BTC in ransom or face high-speed DDoS attack tomorrow... Armada Collective, a mysterious group of cybercriminals seem to be back again! The group known to disrupt websites by launching Distributed Denial of Service (DDoS) attacks may have sent emails demanding Bitcoin ransom from website owners. According to reports, many internet users have received an email demanding a ransom of 1 BTC. The sender, claiming to be from Armada Collective has threatened to launch a 10-300....
A hacker group that refers to itself as the "Armada Collective" has contacted at least four Thai banks with the threat of cyberattacks if ransom demands aren't paid up in Bitcoin, according to an English news daily in the country. Although details are currently scarce, The Nation, a prominent English-language broadsheet in Thailand reports that a criminal hacker group called the "Armada Collective" has contacted at least four Thai banks via email with a threat to engage in cyber attacks. The publication also notes that the Armada Collective previously targeted Switzerland-based hosting....
Planning on entering the Bitcoin space? You might want to learn some DDoS mitigation techniques before diving in… DDoS attacks against Bitcoin-related websites have resulted in numerous Bitcoin ransoms in recent weeks. At least four bitcoin exchanges and four Bitcoin news websites have came under rudimentary attacks in November. The exchanges and news websites have confirmed DDoS attacks and accompanying extortion letters. While Armada Collective claims to be behind some attacks, other attacks seem to stem from different sources. On November 16, UK Bitcoin exchange BitBargain was attacked....
Scammers are using fake crypto apps to steal funds from investors. Some malicious apps find their way into official app stores. Scammers have been taking advantage of blockchain’s decentralized and immutable nature to swindle crypto investors since the advent of the technology.And, according to the latest FBI fraud report, fraudsters are using fake crypto apps to steal money from unsuspecting crypto investors. It highlights that American investors have lost approximately $42.7 million to swindlers through fake apps.The schemes reportedly take advantage of heightened interest in....
A new attack vector following the Ledger data breach of July 2020 involves sending convincing but fake hardware wallets to victims.