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US DOJ Busts Botnet Boss, Yune Wang, For Orchestrating $130m Cyberscam | EVM News

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The US Department of Justice (DOJ) has arrested Yune Wang, 35, a People’s Republic of China national and St. Kitts and Nevis citizen-by-investment, for his alleged role in a botnet scam “used to commit cyber attacks, large-scale fraud, child exploitation, harassment, bomb threats, and export violations.”

Chinese national Yunhe Wang has been accused of hijacking over 19 million private IP addresses and reselling them to criminals for nefarious use.

According to the May 29 indictment, Wang allegedly “created and disseminated malware to compromise and amass a network of millions of residential Windows computers worldwide” that affected over 19 million IP addresses through the 911 S5 botnet between 2014 and 202. 

The defendant then proceeded to sell hijacked IP addresses to cybercriminals for cryptocurrencies with victims in more than “200 countries and facilitated a whole host of computer-enabled crimes, including financial frauds, identity theft, and child exploitation.”

A separate analysis by blockchain analytics firm Chainlysis demonstrates that wallet addresses associated with Wang together held more than $130 million in digital assets earned through illicit commissions. Researchers at Chainalysis wrote: 

“The 911 S5 botnet was able to provide these services by distributing deceptive free VPN services to victims, which purported to give users enhanced privacy while browsing the web. In reality, 911 S5 used backdoors in its code to illegally hijack the IP addresses of millions of victims around the world. This enabled the 911 S5 administrators to make millions of dollars per year with a subscription-based service allowing cybercriminals to use victims’ IP addresses.”

Meanwhile, law enforcement officials at the DOJ added:

“911 S5 customers allegedly targeted certain pandemic relief programs. For example, the United States estimates that 560,000 fraudulent unemployment insurance claims originated from compromised IP addresses, resulting in a confirmed fraudulent loss exceeding $5.9 billion.”

23 domains over 70 servers constituting the backbone of Wang’s operations were seized in a joint collaboration between law enforcement officials of the United States, Singapore, Thailand, and Germany. Police say that they were also able to seize $30 million in assets linked to 911 S5.

Last month, it was reported that China has an alleged Trojan Horse in US Bitcoin mining infrastructure through locally manufactured application-specific integrated circuit mining rigs. 

Experts say the rigs enable Chinese intelligence agencies to conduct cyber-espionage, potentially targeting sensitive military installations, power grids, or communication networks.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN


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$DOP Announces Listing On 7 Exchanges Including BYBIT, Kucoin, Gate.io, And Bitfinex | EVM News

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Tokyo, Japan, July 5th, 2024, Chainwire

$DOP, the token of the Data Ownership Protocol (DOP) will be available for trading in 7 major cryptocurrency exchanges such as Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT, starting July 5th, 2024.

The Data Ownership Protocol clarified that on Bybit, the token will be listed as $DOP1 to avoid confusion with an existing fiat coin. On KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, the token will be listed as $DOP.

DOP launched its mainnet six weeks ago, following a highly successful testnet phase that saw participation from 2.67 million users. In the last six months, the DOP ecosystem has grown significantly. Over 1 million DOP wallets have been opened, and assets worth more than 10 million USD have been encrypted using the protocol, showcasing the increasing demand for user-centric data ownership solutions.

“$DOP is the token of Data Ownership Protocol, a project that seeks to balance transparency and privacy on the blockchain, putting users in control of their data. The listing of our utility token marks a significant milestone and enhances our vision for the future of data ownership. We are thankful to our supporters and community who have believed in our mission from day one”, said Kohji Hirokado, co-founder of DOP and ex-core member at Cardano.

Currently, the $DOP token serves two primary functions within the ecosystem: facilitating fee payments and granting community rewards. The usage of the protocol’s data ownership features incurs fees payable in DOP tokens, creating a native demand for the token.

This system incentivizes DOP token retention while implementing a deflationary mechanism through fee burning. It also rewards network supporters via staking distributions. To date, 210,000,000 DOP tokens have been allocated for staking rewards, with over 1.1 billion DOP tokens already staked.

The listing announcement comes on the heels of Bybit’s positioning as the world’s second-largest cryptocurrency exchange by trading volume, surpassing Coinbase and trailing only Binance. Bybit’s ascent has been remarkable, with its market share doubling from 8% to 16% since October 2023.

To communicate the plans for the second half of 2024, DOP released a new roadmap following Q1’s success. The plan introduces a $5 million developer grant program, expands protocol capabilities, and plans deployment on EVM-compatible chains beyond Ethereum, reducing gas fees and reaching more users.

Moreover, the new developer SDK will enable developers to easily integrate and build dApps within the DOP ecosystem. Other objectives aim to enhance user security for managing NFTs by expanding functionality beyond ERC-20 tokens to include encryption and decryption of NFTs.

About Data Ownership Protocol (DOP)

The Data Ownership Protocol enables users to own their data. In crypto, financial data such as holdings, balances, and transaction history is publicly available on the blockchain. The mission of DOP technology is to let users decide what to share and with whom.

DOP aims to empower individuals and businesses with more control over their data through selective transparency, utilizing zero-knowledge cryptography and other advanced technologies.

For more information, users can visit Data Ownership Protocol’s: Official Website | Twitter | Linkedin

Data Ownership Protocol is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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DOP
marketing@dop.org


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Asic Marketplace Celebrates 3 Remarkable Years Of Excellence In The Mining Industry | EVM News

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HK, HongKong, July 4th, 2024, Chainwire

ASIC MARKETPLACE is celebrating 3 remarkable years of leading the industry as the most reliable Asic sourcing platform, serving robust ASIC Miners across the world, marking phenomenal achievement and growth in the mining landscape. 

ASIC marketplace has been in the industry since 2021, where it has performed as a pioneer in reselling the 12800+ ASIC Mining Hardware successfully to date across 80+ countries. marketplace calls itself a successful and happy family of 4300+ customers globally due to the contributions it has made to deliver groundbreaking ASIC Miners to its customers at their doorstep. The company is known well for its innovative and economical range of ASIC Miners curated for every kind of consumer, its commitment to delivering the best, and its vision for elevating the mining experience for everyone who is or wants to be an integral part of the ASIC Mining industry. 

ASIC marketplace has reliably set a pertinent benchmark in the industry by collaborating with renowned players of the industry manufacturers to deliver high-quality products to help the miners reach their goals. Asic Marketplace constantly dedicates its success and extends warm thanks to its team members and customers for the unwavering support that they provided them over these three excellent years. 

The mining industry evolves each day, and new advancements are being introduced every time, which demand new innovative mining machines. Asic Marketplace stands firm as a pillar here that makes it possible for novices as well as professionals to cater for their mining needs, which speaks volumes about the work they have done over the years. 

The three-year milestone is a testament to the success of their collaboration with hi-tech industry leaders and manufacturers, which solidifies their position as a winning and highly recognized eCommerce platform. 

For more information, users can contact Asic Marketplace using the details mentioned below.

About ASIC Marketplace

ASIC Marketplace is a leading platform dedicated to providing a wide range of ASIC mining hardware. Founded in 2021, the company has quickly become a trusted name in the industry, known for its commitment to quality and customer satisfaction. With a presence in over 80 countries and a customer base exceeding 4,300 clients, ASIC Marketplace offers innovative and economical mining solutions to meet the diverse needs of the global mining community.

Website: https://asicmarketplace.com/ 

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Rain Lee
Asic Marketplace
rain@asicmarketplace.com


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Venom Expands Into India With Dual Listings On WazirX And CoinDCX | EVM News

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Global, Global, July 4th, 2024, Chainwire

Venom Foundation is pleased to announce a major milestone in its global expansion strategy: the listing of its native token, $VENOM, on two of India’s leading cryptocurrency exchanges, WazirX and CoinDCX. This pivotal move grants Venom access to a massive user base in the world’s most populous country, further driving the adoption and visibility of $VENOM.

“We are thrilled to announce the listing of $VENOM on WazirX and CoinDCX. This strategic move into the Indian market, with access to over 30 million users, marks a significant milestone for Venom. It underscores our commitment to fostering innovation and adoption in the blockchain space, paving the way for greater engagement and growth in one of the world’s most dynamic crypto markets.” – Louis Tsu, CEO of Venom Foundation

Rajagopal Menon, VP of Marketing at WazirX, said, “VENOM network has already checked several boxes such as addressing scalability and transaction issues in the crypto ecosystem. It has a diverse range of partnerships and its ongoing expansion showcases its popularity and burgeoning user base. WazirX is excited to give users the opportunity to trade this token.”

India: A Key Market for Venom

As the global cryptocurrency landscape evolves, India has emerged as a vital hub for blockchain and crypto. With its tech-savvy population and rapidly growing crypto community, India represents a monumental opportunity for Venom to expand its reach and drive adoption.

Listings on WazirX and CoinDCX

WazirX: As India’s largest cryptocurrency exchange, WazirX serves over 16 million users. $VENOM is now available for trading in USDT and INR pairs.

CoinDCX: CoinDCX, another major player in the Indian market, boasts over 14 million users. $VENOM is also available for trading in USDT and INR pairs.

Key Highlights

Vast User Reach: The combined user base of over 30 million on WazirX and CoinDCX offers unparalleled exposure for $VENOM in India.

Market Expansion: These listings mark a crucial milestone in Venom’s expansion strategy, highlighting the explosive growth and adoption of $VENOM in one of the world’s fastest-growing crypto markets.

Enhanced Accessibility: Indian users now have streamlined access to trade $VENOM in their local currency, fostering greater adoption and engagement.

Conclusion

The listings of $VENOM on WazirX and CoinDCX are pivotal steps in Venom’s strategy to enhance its global reach and liquidity. These listings align with the Venom Foundation goal of increasing adoption and expanding it’s presence in the global crypto landscape.

About Venom

Venom is a cutting-edge layer-0 and layer-1 network, seamlessly integrating with other independent networks through innovative Mesh technology. Anchored by a masterchain for overall state and consensus management, Venom supports unlimited autonomous workchains for user accounts, smart contracts, and dApps. Mesh technology optimizes inter-chain communication, ensuring speed and scalability. With rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is ideal for hosting CBDCs and large-scale platforms. Learn more at https://venom.foundation/

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Venom Foundation
media@venom.network


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