Scam | Crypto

The DOJ has described cryptojacking as the unauthorized use of others’ computing power to mine crypto. Charles O. Parks III has been sentenced to one year and a day; prosecutors have said he stole $3.5M in cloud resources and $1M in assets in 2021 for luxury spending.   The post Crypto Influencer Sentenced To Prison In Multi-Million Dollar ‘Cryptojacking’ Scam appeared first on Cryptonews.

Analysts at BitMEX Research have raised the alarm about a scam targeting early Bitcoin holders, particularly those with wallets dating back to 2011. According to the firm, the scam appears to exploit long-dormant addresses by injecting false transactions and misleading messages via OP_Return outputs, an optional field in Bitcoin transactions that can carry arbitrary data. […] The post Scam targets dormant Bitcoin wallets with fake legal notice appeared first on CryptoSlate.