• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
SwaCash | Internet Marketing News

SwaCash | Internet Marketing News

Latest Updates on Tech, Internet & Digital World

  • Home
  • Digital Marketing
  • Social Media
  • Technology
  • About
  • Contact Us
You are here: Home / News / Russian forum holds contest to find new ways to steal cryptocurrency

Russian forum holds contest to find new ways to steal cryptocurrency

June 4, 2021 by Amer Bekic

A forum awarded several thousand dollars to participants who presented their hacking methods. In the sights: cryptocurrencies.

Over $100,000 in prizes to be won for participants. On April 20, 2021, Intel471 researchers spotted an intriguing quiz on a Russian hacker forum. The participants had 30 days to publish their best paper detailing a method of hacking cryptocurrency-related technologies, a very wide field.

The administrators of the forum were looking for:

  • Alternative methods to steal private keys or cryptocurrency wallets.
  • New cryptocurrency mining software to deploy to victims
  • Techniques to deceive the system of “smart contracts” essential to the functioning of the blockchain .
  • Ways to profit from the craze around non-fungible tokens (NFTs).
How to steal cryptocurrency?

For example, a paper detailed how to hijack the APIs of several cryptocurrency-related services to get connection keys from victims. Not all the proposed solutions were revolutionary. But a paper could dwell on a complex phishing method, as there are already some, provided that it brings something new.

Cybercriminals Want Their Share Of Cryptocurrency Growth

Intel471 specializes in observing cyber-crime environments for prevention, a sub-domain of cybersecurity known as “threat intelligence”. Behind this competition, the company sees a sign of the times, and a warning for businesses and customers in the field. The madness of the NFTs did not escape the thugs.

The launch of a competition on this kind of forum remains rare, but it is not unprecedented, remind the researchers. To encourage participation, the organizers reward each proposal (from 50 dollars), besides paying handsomely the best contributions.

For the forum, this is an opportunity to grab the attention of the cybercriminal community. If the thugs settle their financial arrangements between them, via the forum’s exchange system, the latter will recover a small commission. Administrators therefore have a great interest in making their platform attractive and in trying to harpoon the big fish in the environment.

Cybercriminals Can Also Act In Community,

Cybersecurity specialists are used to sharing their knowledge in order to strengthen the overall level of security. On the other side of the spectrum, the example of this competition is proof that cybercriminals can also pool their forces, provided they have a small financial incentive.

“Cybercriminals go where there is money, and the money floating around cryptocurrency continues to climb ‘to the moon’, so criminals want to profit from it,” the researchers conclude.

Filed Under: News

Primary Sidebar

E-mail Newsletter

More Articles

Apple’s valuation exceeds $2.5 trillion mark

July 19, 2021 By Amer Bekic

Ethereum (ETH), a white hat saves a cryptocurrency user on the verge of losing $240,000

July 19, 2021 By Amer Bekic

Project Pegasus: Israeli “clickless” spyware used against thousands of journalists and activists

July 19, 2021 By Amer Bekic

Some weird Intel Core 12900K, 12700K, and 12600K specs have appeared online

July 18, 2021 By Amer Bekic

In 2021, the video game industry still generates more investments

July 18, 2021 By Amer Bekic

Malaysian authorities destroy 1,069 mining devices (video)

July 18, 2021 By Amer Bekic

Disable the Windows print spooler or you could be hacked, according to Microsoft

July 18, 2021 By Amer Bekic

Paraguay promises to be a 100% renewable Bitcoin (BTC) mining giant

July 17, 2021 By Amer Bekic

Faced with ransomware, Interpol wants international collaboration

July 17, 2021 By Amer Bekic

AMD brings its FidelityFX Super Resolution to open source

July 17, 2021 By Amer Bekic

Failed to reserve the Valve Steam Deck? You are not the only ones

July 17, 2021 By Amer Bekic

Twitter boss prepares DeFi application platform on Bitcoin blockchain

July 16, 2021 By Amer Bekic

Here’s why the Galaxy Watch 4 could make the Apple Watch shake

July 16, 2021 By Amer Bekic

“Facebook users spied on social by dozens of employees”: the accusation in the book-survey

July 16, 2021 By Amer Bekic

Valve’s Steam Deck will be able to run Windows

July 16, 2021 By Amer Bekic

Only 12% of companies realize the full potential of the cloud

July 16, 2021 By Amer Bekic

Limited Edition RTX 3080 Gundam Cards Sold In Pre-Built Mining Rigs

July 16, 2021 By Amer Bekic

Windows on iPad: You dreamed it, Microsoft did it

July 15, 2021 By Amer Bekic

iPhone 13: anticipating record sales, Apple would have increased production by 20%

July 15, 2021 By Amer Bekic

Google Stadia is not dead and seeks to expand its catalog of games with an enticing affiliate program

July 15, 2021 By Amer Bekic

Galaxy Watch 4: released on August 27, 2021, Amazon confirms!

July 15, 2021 By Amer Bekic

Apple seriously threatens to exit UK market

July 15, 2021 By Amer Bekic

Razer upgrades Blade 15 and Blade 17 to 11th gen Intel processors

July 14, 2021 By Amer Bekic

British detectives seize record $250 million in crypto

July 14, 2021 By Amer Bekic

OnePlus Nord 2: new renderings, Android updates, 50 MP sensor, lots of info

July 14, 2021 By Amer Bekic

Nigerian Bitcoin Trading Volume At Highest Despite Central Bank Restrictions!

July 14, 2021 By Amer Bekic

Google to challenge EU antitrust fine of 4.3 billion euros

July 14, 2021 By Amer Bekic

This hidden feature on iPhone is a spy tool

July 13, 2021 By Amer Bekic

NVIDIA: GeForce RTX 30xx SUPER coming to laptop?

July 13, 2021 By Amer Bekic

Microsoft buys cybersecurity start-up RiskIQ

July 13, 2021 By Amer Bekic

Android 12: you can play games before you even finish downloading

July 13, 2021 By Amer Bekic

Cyber ​​defense center opens in New York

July 13, 2021 By Amer Bekic

After Google, Apple could be the next target of US antitrust crackdown

July 12, 2021 By Amer Bekic

At 16, this teenager became a millionaire by selling PS5s at a premium

July 12, 2021 By Amer Bekic

A derivative of the PS5 architecture will be found in more than 80 system designs

July 12, 2021 By Amer Bekic

Galaxy Unpacked: all the new Samsung products may have just leaked

July 12, 2021 By Amer Bekic

124-year-old hydropower plant uses its energy to mine Bitcoin

July 11, 2021 By Amer Bekic

Ukrainian law enforcement has shut down 3,800 PS4 crypto-farm

July 11, 2021 By Amer Bekic

Mac’s battery life with M1 is so good Apple thought there was a bug

July 11, 2021 By Amer Bekic

Kaseya: the ransomware behind the attack was programmed to avoid Russian-speaking systems

July 10, 2021 By Amer Bekic

AI could also be used to create scientific disinformation

July 10, 2021 By Amer Bekic

Windows 11: the search bar back in the last preview

July 10, 2021 By Amer Bekic

Gettr: this new social network was launched by someone close to Donald Trump

July 10, 2021 By Amer Bekic

Windows 11: only recent versions of Windows 10 will be updated directly

July 9, 2021 By Amer Bekic

Study blacks out YouTube algorithm

July 9, 2021 By Amer Bekic

China continues crackdown on cryptocurrencies

July 9, 2021 By Amer Bekic

OnePlus recognizes limiting the performance of applications for greater autonomy

July 9, 2021 By Amer Bekic

Study: Apple Watch and Fitbit Could Detect Long-Term Effects of COVID-19

July 8, 2021 By Amer Bekic

Microsoft is deploying an urgent patch to correct the PrintNightmare flaw

July 8, 2021 By Amer Bekic

China claims to have the world’s most powerful quantum computer

July 8, 2021 By Amer Bekic

Three Tweets related to EtherRock sales

Not one not two, Three digital pet rock cliparts sell for $600K each

August 22, 2021 By Amer Bekic

PolyNetwork Hacking Incedence

Hacker who stole $800 Million, now offered a white hat job by its victim firm

August 20, 2021 By Amer Bekic

credit card back panel containing the magnetic stripe

MasterCard announces future without magnetic stripe on the back.

August 17, 2021 By Amer Bekic

Fortune magazine sells its cover art as NFT. Raises 1.3 Million dollars

August 14, 2021 By Amer Bekic

Bored Ape Yacht Club Token 3749

This bored ape pic just sold for 1.29 Million dollars!

August 14, 2021 By Amer Bekic

Footer

Search this site

Recent Articles

  • Not one not two, Three digital pet rock cliparts sell for $600K each
  • Hacker who stole $800 Million, now offered a white hat job by its victim firm
  • MasterCard announces future without magnetic stripe on the back.
  • Fortune magazine sells its cover art as NFT. Raises 1.3 Million dollars
  • This bored ape pic just sold for 1.29 Million dollars!

Browse Topics

  • Blogging (164)
  • Content Marketing (7)
  • Cryptocurrency (5)
  • Digital Marketin (4)
  • Digital Marketing (333)
  • E-commerce (122)
  • Google (195)
  • Google Ads (24)
  • Marketing (166)
  • News (344)
  • Seo (74)
  • Social Media (43)
  • Technology (27)
  • Uncategorized (82)
  • WordPress (22)

Tags

Amazon Android Apple Apple Watch Artificial Intelligence B2B Bitcoin Blogging China Content Content Marketing Coronavirus Cryptocurrency Cybercriminals cybersecurity Digital Digital Marketing Facebook Gaming Google Increase Sales Instagram Intel iOS 15 iPhone IPhone 13 Make Money Marketing Microsoft NFT Nvidia Online Marketing Samsung Science Search engine optimization Seo SEO optimization by content Social Media Social networks Technology TikTok Twitter WhatsApp Windows 11 YouTube

© 2019–2022 · SwaCash.com