Aurora Labs exec details 'fascinating and devious' crypto scam he almost fell...
A sharp-eyed escrow agent and a screenshot saved Aurora Labs' head of product Matt Henderson from losing his tokens to scammers. Aurora Labs' head of product, Matt Henderson says there is a sophisticated over-the-counter (OTC) transaction scam running about that almost duped him into losing a stash of his hard-earned cryptocurrency. Henderson detailed his personal run-in with a scam artist known as ‘Olai’ to his Twitter followers on Aug. 5. Olai's scam essentially involves tricking a victim into believing payment had been received for an OTC crypto transaction, when in fact it wasn’t.Today....
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Aurora, an EVM scaling mechanism on the Near protocol, has launched a $90 million token fund in partnership with Proximity Labs to attract new developers. Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApp) built on the Near protocol, has launched a token fund worth $90 million. The fund was launched today in partnership with Proximity Labs and will be focused on financing decentralized finance (DeFi) applications on the Near protocol. Near Protocol is a DApp platform that focuses on usability among developers and users. As an emerging layer-1....
Over $200 million worth of users' funds could have been at risk if the whitehat chose to exploit the vulnerability for personal gain instead of reporting it to developers. On Tuesday, Ethereum (ETH) bridging and scaling solution Aurora announced it had paid out a $6 million bounty to ethical security hacker pwning.eth, who discovered a critical vulnerability in the Aurora Engine. The exploit allegedly placed over $200 million worth of capital at risk. The sum was paid in collaboration with Immunefi, a leading platform for Web 3.0 bug bounties, with $145+ million bounties available and $45+....
LSM Labs is gone, but we've still got a lot of work to do. Just yesterday, CCN exposed LSM Labs, a blatantly obvious scam. The so-called “world class semiconductor engineering company which manufactures leading edge Bitcoin ASIC processors and systems” used various shady practices to promote itself, including buying fake reviews on Bitcointalk and contributing several “articles” (that were really just advertisements for LSM) to various Bitcoin news sites. A few hours after CCN’s reveal, LSM Labs quickly took down their website without warning. It might be tempting to celebrate this....
LSM Labs is such a terribly-executed scam that it doesn't even try to appear legitimate. Anyone who knows anything about cryptocurrency mining knows that the industry is full of scams. Some companies do a pretty good job of trying to appear legitimate (Butterfly Labs). However, it seems like others don't even bother hiding the fact that they are complete frauds. Take LSM Labs for example. Buying Fake Reviews. I was recently tipped off about LSM Labs trying to spread fake praise on Bitcointalk.org. The tipster wished to remain anonymous, and so I'll refer to him/her as Ryan Collier, a....
A senior student at Shanghai’s Tongji University fell victim to an NFT scam, losing around $548,000 after his non-fungible token was stolen through a phishing scam. The NFT artwork which Niq Chen bought from the well-known Doodles Collectible NFT project entitled “LuckyCot 3D,” made up roughly half the value of his entire NFT assets, he […]