The creators of the $ SQUID “earned” $ 3.38 million from a scam known as “yanking the rug.”
The new cryptocurrency, which appeared in the wake of the popularity of the TV series Squid Game, attracted such a number of investors that in just a few days its rate soared to $ 2.8 thousand. However, soon its promising future scattered to smithereens – the creators of the cryptocurrency quickly withdrew all the money and disappeared.
A cryptocurrency called $ SQUID (its creators did not receive any permission from Netflix to use the name) was sold ostensibly for an upcoming online game based on the popular South Korean TV series.
In just a few days last month, the value of $ SQUID rose by 310%, but as of Monday morning, November 1, the rate of the newly minted cryptocurrency was $ 0. The $ SQUID website disappeared and the Twitter account was blocked.
As Gizmodo explains, the creators of the cryptocurrency have performed a fraudulent scheme known in the crypto world as “pulling the rug” (rug pull), when scammers issue a coin, fan the hype around it, and when users buy these coins, they withdraw money and disappear. In the case of $ SQUID, the scammers were able to “earn” $ 3.38 million.
There were signs that the emergence of a new cryptocurrency was a scam from the very beginning, but users either did not notice them or ignored them, so much they wanted to play the advertised game. The $ SQUID site was teeming with spelling and grammatical errors, and users were only allowed to buy and not sell cryptocurrency, but this did not alarm anyone.
Cryptocurrency exchange Binance was robbed of $570 million. Hacker withdrew BNB tokens
Cryptocurrency exchange Binance has undergone another hacker attack. The attackers managed to withdraw BNB tokens worth about $570 million.
Somewhat earlier it was reported that the attack allowed the hackers to steal about $110 million, but now it turned out that everything is much worse. At the same time, the specialists of the exchange managed to freeze part of the funds, but we are talking about only 7 million dollars, which is clearly insignificant against the background of 570 million.
The exchange revealed that a cross-chain bridge connected to its BNB chain was attacked, allowing hackers to move BNB tokens off the network. Now the network has been restored, and the clients’ funds, according to Binance, are safe.
The fact of the theft of funds contributed to a sharp drop in the BNB rate by almost 5%, but after a few hours, almost half of the fall was redeemed.
Hacker who earned $27 million in cyberattacks will spend 20 years in prison and pay $21 million in fines
A Florida district court has sentenced 34-year-old IT engineer Sebastien Vashon-Desjardins to 20 years in prison for carrying out at least 90 cyberattacks.
It is noted that for several years of his activity, the hacker, using the NetWalker encryption virus, earned about $ 27 million. A search of Vashon-Desjardins revealed a crypto wallet containing 719 bitcoins, which was about $22 million at the time of the cybercriminal’s arrest in January 2022.
According to investigators, the 34-year-old cybercriminal acted in collusion with other hackers. Vashon-Desjardins himself played the role of an attacker: he infected the corporate networks of various companies with a virus and then demanded a ransom from them. Organizations from the USA, Canada and a number of European countries suffered from the activities of the criminal.
It is noted that, in addition to the prison term, the court also imposed a fine on Vashon-Desjardins in the amount of $ 21 million. Also, the criminal will have to pay compensation to the companies affected by his actions. The amount of damages has not yet been established.
Unique behavior of Ryzen 7000 processors. The notorious patches from the Specter vulnerability improve the performance of new CPUs
Recently, various vulnerabilities in processors have been talked about much less often, and users no longer worry about performance degradation due to patches. As it turns out, Ryzen 7000 processors generally benefit from such patches!
At least this is true for Linux, since it was in this OS that the author tested the Ryzen 9 7950X and Ryzen 5 7600X. It turned out that when working out of the box, the CPUs show better performance than when loading a special version of Linux with a deactivated patch from the Specter V2 vulnerability.
Of course, such results do not appear everywhere, and during normal work they are unlikely to be critical. In particular, in total, according to the results of 190 tests, the difference was only 3%.
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