A place where an illegal transaction happens, such as a drug deal has come to be known as “the trap spot”. In those moments when both parties meet anyone can run up on the participants and cause pandemonium to erupt. Due to the untrustworthy dealings of Coinbase and Bitstamp, the best method for acquiring Bitcoin is through old fashioned OTC trade. However speculation of the dangers of trapping has become reality for unlucky individuals in New York City. The Observer reported a crime wave in which victims have been robbed at gunpoint for their coins. Continue reading
Monthly Archives: February 2015
The Superfish Funder List
In the wake of yesterday's disclosure of Lenovo's appalling inclusion of the Superfish malware on their OEM Windows installs, let us highlight the Venture Capital Firms which made Superfish possible: Continue reading
Seals With Clubs Shutters
On an announcement replacing their normal front page one of Bitcoin's longest tenured poker sites, Seals with Clubs, has decided to close their doors citing "Operational Security" concerns. They cite without specifics several events which occurred around February 11th, 2015 as being the catalyst for the decision, offering that if Seals with Clubs continued as presently structured it would be "in a perpetual state of jeopardy." They are advising users to withdraw their funds as soon as possible. Continue reading
Windows Ecosystem Security Still Horrifying
Today it was revealed that Lenovo has been installing a piece of adware called "Superfish" which uses an SSL man in the middle attack to replace ads served to users and potentially engage in all kinds of other evil. Abuse of unaware users who run Microsoft Windows by computing vendors has a long history which includes many other notable episodes such as Sony proposing a lack of factory bloatware as a premium option to the entire existence of the venture known as "WildTangent." Continue reading
CoinTelegraph: CCN and NewsBTC Advertising Yet Another Scam
In a new article on CoinTelegraph Allen Scott alleges that CryptoCoinsNews and NewsBTC have both been promoting a scam where they advertise a fraud operation which buys bitcoins at above market prices using hacked Paypal accounts before the scam operators stop paying for the bitcoins they "buy" at all. These new allegations come on the heels of CCN and NewsBTC both serving as major advertising partners for the GAW "miners" scam.
USMS Announce Yet Another Bitcoin Auction
The United States Marshals Service has announced yet another auction for an amount totalling 50,000 BTC which were seized during the 2013 Silk Road bust.
The amount of bitcoin on offer, available blocks1 and deposit requirements mirror that of the last auction which was held in December of 2014. It is not yet known if Tim Draper, whose Sillycon Valley condo languishes for sale will make a big show of announcing his intention to bid. Continue reading
Series A = 10 blocks @ 2000 BTC, Series B = 10 blocks @ 3000 BTC ↩
Scotland Takes Symbolic Step Towards Online Independence
The Register reports that the Scottish government has moved its online home from 'scotland.gov.uk' to 'gov.scot' in a move that pleases the leadership of the Scottish National Party. Last year a ballot initiative which would have opened the path for Scotland to render the 'United Kingdom of Great Britain and Northern Ireland' instead merely the 'United Kingdom of Lower Britain and Northern Ireland' was defeated. Continued nationalist sentiment and dissatisfaction with English governance has left London forced to continue throwing money at Scotland in an effort to bribe the Scottish people into docility. Continue reading
Your Disk Controller and You
A recent publication by Kaspersky Lab (mirror) describes the first publicly-confirmed instance of a Microsoft Windows 'trojan' capable of infecting hard disk drive firmware. For every word that's been written on the subject so far, ten thousand words of disinformation, FUD, and general-purpose obscurantist rubbish are floating about – eagerly passed around by spambots disguised as 'independent bloggers' and fleshy meat-puppets alike. Expect no shortage of 'product' from the well-funded – but, interestingly, not especially competent – FUD agency charged with spreading confusion and misplaced skepticism after this and every other Snowden-related tidbit. Continue reading
Silk Road Meth Dealer Pleads Guilty
A drug dealer who sold 17.6 pounds of methamphetamine totalling 3169 orders via the original Silk Road today plead guilty for his role in what was a four man operation.
Jason Weld Hagen, who went by the name hammertime on the SR, was arrested back in December of 2013 and originally plead not guilty. Hammertime's operation came unstuck after another man who was facing drugs charges agreed to cooperate with law enforcement. With that assistance, federal agents in Maryland ordered 17.5g of meth over the December 2012 to January 2013 period. Continue reading
Vermont Bitcoin ATM Cease and Desist Requested
On January 12th Blu-Bin, a Burlington-based 3D printing business, received a cease and desist letter asking for the shutdown of the state's only Bitcoin ATM. The number of Bitcoin ATMs throughout the world is booming significantly, although concerns of the privacy of the individuals using these machines have arisen. The US has attempted to heavily regulate Bitcoin ATMs with KYC, thus usage of one sometimes requires personal data such as a social security number, a palm print or taking a picture of the user's face. Continue reading