Privacy is the modern internet’s foundational issue. Personalized advertising and location tracking are good business tools, but normal users are genuinely concerned about the hidden analysis of, and possible unauthorized access to, their personal information. Global data collection practices have unfortunately become the new norm, which we have gradually become accustomed to. Corporate giants provide…
Intro The SafetyDetectives cybersecurity team discovered a critical data leak affecting the prominent multinational security company, Securitas. Securitas, based in Sweden, provides a full suite of security services and products for corporate clients across a range of industries. One of the company’s Amazon S3 buckets was left open, exposing over 1 million files. The data we […]
When Spanish police were informed of an illegal electricity tap, a small building stealing a huge amount of power from its neighbors, they suspected an indoor marijuana farm. After all, weed needs a lot of lights and hydroponics if you want to grow it in the middle of Seville. But when the cops raided the building, they found racks and racks of humming graphics cards instead. The operation wasn't an illegal marijuana farm, it was an illegal cryptocurrency farm.
VideoCardz.com spotted the story posted on a local news hub, noting that most of the cards used in the crypto mining rigs appear to be EVGA RTX 3000-series in addition to standalone ASICs machines. Police told the media that they seized 22 rigs worth 50,000 euro, and running off of 2000 euro a month in stolen electricity. For such an elaborate setup, the profit seems to be piecemeal: police estimate the operation generated approximately 3500 euro a month in profit, even after the illegal power tap. No arrests were reported.
You can watch video of the raid here:
There's nothing illegal about mining Bitcoin and other cryptocurrencies in most countries, even if gamers desperately searching for affordable graphics cards might wish otherwise. But criminals and desperate chancers are seeing crypto as an easy and relatively safe way to generate income. Put that “relatively” in big quotes: running dozens of high-powered computers in close proximity gobbles up electricity (which is what made this farm illegal) and generates huge amounts of heat. In December, a crypto farm in Thailand was destroyed in a fire, possibly caused by excess heat and/or poor wiring.
A new draft bill could give the US Treasury power to ban crypto exchanges and it will be an effort to strip the surveillance laws on the public processes so let’s find out more today in our latest cryptocurrency news. The US Treasury already has a wider power to prohibit the transmittal of funds and […]
A decentralized finance project called Wonderland involves a cybercrime associated with Canadian crypto exchange Quadriga, turning DeFi into a financial felon’s wonderland. (Read More)
Crypto crime can be a controversial subject, as the often unregulated nature of the asset makes it easy to accuse investors and entrepreneurs of money laundering – while missing out on real scammers and criminals. That said, Chainalysis’ new report shines a light on crypto crime trends in 2021, revealing a number of surprises. Scrubbing out […]
The crypto industry has been hit with a rise in cyber attacks from an increasingly audacious underworld of shady cypher crooks, and for more than 10 million active user wallets MetaMask lead developer Dan Finlay represents the guardian angel shielding...
Beginners in the cryptocurrency industry are often afraid of the risks associated with it. Besides price volatility, the users often face the danger of their wallets being hacked, causing irreparable losses.