Shark Tank Star’s Account Hacked for Crypto Giveaway Scam

• Shark Tank star Kevin O’Leary’s Twitter account was hacked on Thursday and used to promote a crypto giveaway scam.
• The tweet provided a link that instructed respondents to first send their own digital assets to verify their wallet addresses, to receive the giveaway prizes.
• Crypto giveaway scams are one of the most prevalent forms of scams in the industry, often impersonating well-known figures like Elon Musk, Michael Saylor, and CZ.

On Thursday, December 29, 2022, Shark Tank star Kevin O’Leary’s Twitter account was hacked and used to promote a crypto giveaway scam. The now-deleted tweet claimed that everyone who wanted to get free crypto now had a chance, and provided a link that instructed respondents to first send their own digital assets to verify their wallet addresses, to receive the giveaway prizes. The fraudsters falsely claimed that Mr. Wonderful had said on CNBC that he planned to give away some cryptocurrencies.

Crypto giveaway scams are one of the most prevalent forms of scams in the industry, often impersonating well-known figures like Elon Musk, Michael Saylor, and CZ in order to promote their fraudulent schemes using fake accounts. These scams involve hacked accounts of famous people, politicians, celebrities, and companies with the aim of having people send their digital assets to verify their wallet addresses, with no intention of actually sending out any giveaway prizes.

These scams have become increasingly common, as hackers have become more sophisticated and have targeted high-profile accounts with large followings in order to increase the reach of their fraudulent schemes. As such, it is important to be aware of the potential risks associated with crypto giveaway scams and to make sure to not engage with any suspicious activity that may be happening on social media. It is also essential to double-check the authenticity of any giveaway offers before providing any personal or financial information.

MicroStrategy Invests $42.8M in Bitcoin, Betting on Its Long-Term Prospects

• Michael Saylor, the founder and former CEO of software firm MicroStrategy, recently invested $42.8 million in bitcoin (BTC).
• The investment was made through a purchase of 2,395 bitcoins at an average price of $17,871 per bitcoin, inclusive of fees and expenses.
• MicroStrategy also sold 704 bitcoins for cash proceeds of $11.8 million, at an average price of $16,776 per bitcoin, net of fees and expenses.

Michael Saylor, the founder and former CEO of software firm MicroStrategy, continues to demonstrate a bullish approach to bitcoin (BTC) with his latest investment of about $42.8 million in the top crypto. This investment follows previous large purchases of the digital asset, made public in August and December of last year.

In a recent filing with the Securities and Exchange Commission (SEC), the business disclosed a purchase of about 2,395 bitcoins made with cash, at an average price of some $17,871 per bitcoin, inclusive of fees and expenses. This purchase was made to add to MicroStrategy’s already substantial bitcoin holdings, which now stand at around 132,500 bitcoins.

The firm has also sold some of its crypto assets over the past week with the aim to optimize its taxes, as indicated by the filing. On December 22, 2022, MacroStrategy sold approximately 704 bitcoins for cash proceeds of approximately $11.8 million, at an average price of approximately $16,776 per bitcoin, net of fees and expenses. The firm plans to carry back the capital losses resulting from the sale against previous capital gains, to the extent allowed under the current federal income tax laws.

On December 24, 2022, MicroStrategy acquired approximately 810 bitcoins for approximately $13.6 million in cash, at an average price of approximately $16,845 per bitcoin, inclusive of fees and expenses. This purchase was made to increase the firm’s bitcoin holdings and bring the total amount of bitcoin purchased by MicroStrategy this month to 2,500 bitcoins.

The firm has been outspoken about its belief in the potential of bitcoin, with Saylor himself delivering a keynote speech at the Bitcoin 2022 conference in Miami in December. In the speech, he highlighted the potential of bitcoin to become the primary store of value in the world, as well as its ability to act as a hedge against inflation.

MicroStrategy’s investment in Bitcoin is part of a wider trend of institutional investors entering the market, with many large companies announcing similar purchases in recent months. These include Square, which purchased $50 million worth of bitcoin in October, and MassMutual, which purchased $100 million worth of the digital asset in December.

It remains to be seen whether MicroStrategy’s bullish approach will pay off, but the firm’s continued commitment to the asset suggests that they are confident in its long-term prospects.

Rebuild the Planet with RobotEra – A Unique Metaverse Project!

• RobotEra is a sandbox-like planet-rebuilding metaverse project that focuses on engaging users in multiple activities.
• Players are presented as robots on the metaverse project, and each robot is a non-fungible token (NFT).
• RobotEra presents a full package of metaverse opportunities for users to acquire resources, create robot companions, participate in quests, and connect with other worlds.

RobotEra is a next-generation metaverse project that gives users the ultimate opportunity to take part in the planet-rebuilding process. Launched in November 2022, this ambitious project has already made a name for itself in the virtual world. It stands out from the competition with its unique approach to engaging players and its focus on creative collaboration.

The concept of RobotEra is simple yet groundbreaking. In the game, players assume the role of robots whose mission is to rebuild a desolate virtual landscape. To do this, they must acquire resources, create robot companions, and participate in quests. This is made possible through the use of non-fungible tokens (NFTs), which give each robot its own characteristics and make it unique from the others.

RobotEra also stands out from the rest of the metaverse projects due to its shared multiverse. Through this, users can connect with other worlds to create and collaborate, monetize theme parks through launches, organize events, and even set up digital storefronts. This is a great way for players to show off their creativity and make a name for themselves in the virtual world.

RobotEra is more than just a metaverse project. It is a new way to engage with the virtual world and a great way to make money. With its unique approach to the metaverse concept and the potential to earn rewards, RobotEra is the perfect platform for anyone looking to make their mark in the world of virtual reality.

Octopus Network Lays Off Staff, Cuts Salaries to Survive Crypto Winter

• Octopus Network, a multichain crypto network, has been forced to lay off 40% of its core team and reduce pay for the remaining members due to the ongoing crypto winter.
• The project founder, Louis Liu, expects the crypto winter to last at least another year.
• In order to survive the crypto winter, Octopus Network has implemented a ‘Voluntary Separation Program’, which includes layoffs, salary cuts, and the suspension of team token incentives.

Octopus Network, a multichain crypto network, has been forced to take drastic measures to survive the ongoing crypto winter. The company had to lay off 40% of its core team and reduce pay for the remaining members in order to stay afloat during this difficult time.

The founder of Octopus Network, Louis Liu, is expecting the crypto winter to last at least another year. In order to survive this prolonged period of bearish market conditions, Liu has implemented a ‘Voluntary Separation Program’. This program includes layoffs of 12 of 30 members of the core team, a 20% salary cut for the remaining team members, and the suspension of team token incentives.

Liu explained that Octopus Network was designed to support Web3 applications by providing appchain infrastructure on-demand. In order to do this, the company has to invest a lot of resources into IT infrastructure and community mindshare. However, the prolonged bearish market conditions have made it difficult to maintain these investments. Therefore, the Voluntary Separation Program was necessary in order to ensure the long-term survival of the company.

In addition to the Voluntary Separation Program, Octopus Network is also pivoting its strategy to focus on the NEAR blockchain and the Inter-Blockchain Communication Protocol (IBC). While these new projects will require some investment and resources, Liu is confident that they will help the company stay afloat during the crypto winter and beyond.

Overall, Octopus Network is taking all the necessary measures to survive the crypto winter. With the implementation of the Voluntary Separation Program and the pivot to the NEAR blockchain and IBC, Liu is hoping that the company will be able to weather the storm and come out on the other side stronger than ever.

BlueNoroff Impersonates VCs in Cryptocurrency Phishing Scam

• North Korean state-sponsored hacking group BlueNoroff is now impersonating venture capitalists in a new phishing scam.
• The group has created more than 70 fake domains to pose as venture capital firms and banks.
• Kaspersky has reported that BlueNoroff is using malware to bypass MOTW technology and compromise cryptocurrency transfers.

North Korean state-sponsored hacking group BlueNoroff has recently been identified as the source of a new phishing scam. According to a report from the cybersecurity firm Kaspersky, BlueNoroff has created more than 70 fake domains that are posed as venture capital firms and banks. These fake VCs have been specifically targeting the cryptocurrency industry, with a particular focus on smart contracts, DeFi, Blockchain and FinTech startups.

The malicious activities of BlueNoroff have been facilitated by the use of malware that is designed to bypass Mark-of-the-Web (MOTW) technology. MOTW is a security feature that is designed to alert users when they attempt to open a file downloaded from the Internet. By bypassing this technology, BlueNoroff is able to access cryptocurrency transfers and intercept them by changing the recipient’s address. This allows them to quickly drain accounts in a single transaction.

Kaspersky also emphasized that BlueNoroff has been using phishing techniques to try and infect targeted companies. This involves sending emails with malicious attachments, such as the infamous “Shamjit Client Details Form.doc” which was first identified by Kaspersky back in 2016. This document was used to gain access to a UAE citizen’s computer and extract information from it.

In light of the new findings, Kaspersky recommends that companies and users in the cryptocurrency industry ensure that they are taking the necessary steps to protect themselves from such threats. This includes regularly updating anti-virus software, implementing two-factor authentication, and regularly monitoring accounts for unusual activity. Additionally, users should be aware of phishing emails, and not open attachments or links from suspicious sources.

BlueNoroff’s new phishing scam is a reminder that the cryptocurrency industry is still vulnerable to malicious actors, and that users must remain vigilant in order to protect their digital assets. By taking the necessary precautions and remaining aware of the latest threats, users can help to ensure that their accounts and funds remain secure.