Fake employees and social attacks: Crypto recruiting is a minefield
Hiring in the crypto world can be difficult. Web3 companies are often disorganized and lack HR departments. Developers sometimes want to remain anonymous even to their potential employers. Some employees dont exist at all, while others are secretly juggling three other remote gigs. Then there are those who pretend to be employees but are really just plotting to rug everyone.The job of a hiring manager is no easy one. This goes doubly so for the Web3 world, where expectations both from employers and employees can be drastically different compared to the Web2 corporate world.Magazine spoke....
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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....
The Los Angeles City Attorney and Consumer Financial Protection Bureau fined Wells Fargo US$185 million for creating fake bank accounts to meet their sales targets. The incident presented a convincing case for Bitcoin and its ability to grant users complete control over their money. Wells Fargo, officially the world’s largest bank at US$254 billion market cap, recently released more than 5,000 employees for creating fake bank accounts to increase the company’s sales. To satisfy their sales goals, employees created a staggering 2 million fake bank accounts and then moved customer’s money....
According to the Japan Government, a common mode of attack for the Lazarus Group was phishing, who are believed to have focused more on crypto funds lately because they’re “managed more loosely.” Japan’s national police have pinned North Korean hacking group, Lazarus, as the organization behind several years of crypto-related cyber attacks. In the public advisory statement sent out on Oct. 14, Japan’s National Police Agency (NPA) and Financial Services Agency (FSA) sent a warning to the country's crypto-asset businesses, asking them to stay vigilant of “phishing” attacks by the hacking....
A series of recent departures at itBit have left the company looking much different than it did just a few months ago. Following the release of itBit's enterprise clearing and settlement network Bankchain last year, three directors (and at least three other employees) have gone on to other endeavors. The exits appear to come amid a larger company transformation from bitcoin-only exchange to enterprise blockchain service provider. Multiple former employees have confirmed with CoinDesk that at least seven itBit employees have transitioned to other companies in that time. Only six have....