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Threats on Ledger Owners Escalate After Another 20,000 Customer’s Data Is Leaked

The backlash against the company is increasing as more and more disgruntled customers take to the internet to vent their angst at Ledger’s negligence. The company has refused to compensate its customers, even the ones that have had their wallets emptied by SIM swapping or other thefts. All it has done, incredulously, is post an … Continued

The post Threats on Ledger Owners Escalate After Another 20,000 Customer’s Data Is Leaked appeared first on BeInCrypto.

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Ledger wallet owners are getting more threats after the hardware wallet manufacturer revealed that a further 20,000 customer’s personal details were leaked by Shopify.

The backlash against the company is increasing as more and more disgruntled customers take to the internet to vent their angst at Ledger’s negligence.

The company has refused to compensate its customers, even the ones that have had their wallets emptied by SIM swapping or other thefts. All it has done, incredulously, is post an update largely passing the buck while declaring that even more customers have been affected;

“There were approximately 20,000 new customer records including, email, name, postal address, product(s) ordered and phone number included in this breach.”

Ledger Customers Continue Receiving Threats

This is of absolutely no consolation whatsoever to the tens of thousands of Ledger customers that are still getting threatening and abusive emails that contain their physical addresses.

The technical analyst added;

“Nah, under no circumstances will I be sending anything to any of those addresses. But just seeing my home address on there made me so damn angry.”

Concerned customers have also taken to Reddit to vent with one reporting that his father has just received a death threat on his personal email after having purchased a Ledger Nano S a few months ago.

He added that the scammer is going by the name Darrin Burlew and all of his father’s details were included in the email. These include name, address, and phone number – exactly what was stolen in the Ledger database breech.

“Don’t be fooled people, no one will come to your home to kill you but this feeling of insecurity is a scandal and Ledger has to do something about it. Share this to people who also bought a Ledger wallet before they panic.”

Shopify Scandal

The company has remained largely indifferent throughout this imbroglio, putting the blame on scammers and poor internet habits rather than looking in the mirror.

It gets worse.

The report added that in late-December the company received a notification from its e-commerce service provider, Shopify. This was in regards to an incident involving merchant data in which ‘rogue member(s)’ of its support team obtained customer transactional records, including Ledger’s.

LedgerX Founder Leave

This breach involved a further 20,000 customer’s data being leaked which has led to more threatening emails and attempts at robbery.

Ledger claims to be working with authorities and blockchain security firms to chase down the cybercriminals. However, this is of little consolation to the thousands of its customers who are unlikely to get a bean in compensation, and who are still getting terrifying emails sent to them.

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Martin has been writing on cyber security and infotech for two decades. He has previous trading experience and has been actively covering the blockchain and crypto industry since 2017.

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Source: https://beincrypto.com/threats-ledger-owners-escalate-20000-customers-data-leaked/

Blockchain

Fomo Lab Partners with PVLACE of 808 MAFIA and Gunboi to drop ‘For the Culture’ Collection

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[PRESS RELEASE – Please Read Disclaimer]

London, United Kingdom, 17th May 2021 – Fomo Lab partners with PVLACE of 808 MAFIA and GUNBOI to drop their “FOR THE CULTURE” collection on Fomo Lab’s own NFT platform, The Avenue. This collection will contain 387 intrinsically rare collectibles of music in the form of “mystery boxes”, by PVLACE and GUNBOI, multi-platinum, billboard chart topping, industry-leading producers who have made music for some of the biggest names in hip-hop history, including; Wiz Khalifa, Migos, Future, and many more. The “For The Culture” collection will be launched on The Avenue from the 31st of May.

The landscape of entertainment media is evolving, and the PVLACE’s NFT team are the first to ever integrate hip-hop culture with crypto culture in a gamified fashion by including 3D avatar characters each paired to 1 of 1 production composed by top industry producers. They have produced music for the biggest names in the music industry, including Young Thug, whose most recent album, Slime Language 2, debuted at number one on the “Billboard Albums Hot 100”, and are now working closely with Fomo Lab to release their collection making it accessible to more audiences.

The “For The Culture” collection is set to include 387 unique NFT’s varying from exclusive items to exclusive avatars, all of which will include exclusive music and instrumental compositions. The essence of this collection is that the producers are selling the full rights to the music through NFTs, as the most seamless way to transfer rights. The music on each NFT will range between two to five minutes long, along with one-of-a-kind avatars of celebrities, and of items.

Tchakalla Romeo (aka Gunboi), the music producer, said “Every collectible is an homage to how we felt when we were younger and Fomo Lab understands and believes in that, too. This culture is meant to be a comprehensive examination of hip-hop in all forms.”

The CEO and co-founder of Fomo Lab, Pixasso stated, “We are very excited for this collection to launch, as it also really resonates with all of us at Fomo Lab being hip-hop fans ourselves. The fans will love it too, it is also a seamless way to change ownership to be more in line with the content creators vision. We have a lot of really cool NFTs coming to The Avenue, but we’re thrilled this is our first one.”

Each NFT will be sold at an even price of 2 BNB (no more than $1,400 USD), where in the traditional music industry market it would sell for over $20,000 USD. This is because they believe that hip-hop was always “for the people”, in line with their vision, their goal is to make these memorabilia accessible to everyone, while expanding the ecosystem. The music in each NFT is made by the same creators who produced music for top major label artists such as Future, Migos, Chris Brown, Young Thug, Lil Baby, Juice WRLD, and Wiz Khalifa, among many others, ensuring the worth of these NFTs to be extremely valuable.

About Fomo Lab

Fomo Lab is the leading platform revolutionizing the way non-fungible tokens (NFTs) are used. The platform can be used for storing, curating, and exchanging one-of-a-kind digital collectibles and NFTs built on the Binance Smart Chain (BSC). The native token, $FOMO, will be used as the platform’s payment method, also used to reward buyers and sellers on all transactions. The platform is centred around the theme of celebrities, artists, musicians, athletes, other forms of talent, auctioning physical and digital assets with a mission to pioneer mainstream adoption. For more information about Fomo Lab, visit https://fomolab.io/.

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Source: https://cryptopotato.com/fomo-lab-partners-with-pvlace-of-808-mafia-and-gunboi-to-drop-for-the-culture-collection/

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Blockchain

Ethereum Co-Founder Vitalik Buterin Burns $6.7 Billion in Shiba Inu (SHIB) Tokens

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Vitalik Buterin, who was gifted half of Shiba Inu’s total supply, has burned 90% of his holdings worth nearly $7 billion. The Ethereum co-founder further said he would allocate the remaining 10% to charitable organizations while also praising the “dog token community” for its generosity.

Buterin Burns $6.7B in Shiba Inu

The Dogecoin rise to the top led to the creation of numerous copycats that garnered significant attention in the past several weeks. Perhaps none became more popular than the self-described DOGE-killer – Shiba Inu.

One of the compelling features came from the anonymous developers who decided to send half of the total supply to Vitalik Buterin – the co-founder of Ethereum. The other half remains locked for liquidity on Uniswap.

Buterin, who donated 50 trillion SHIB tokens (and other dog-related digital assets) to India Covid Relief Fund last week, has decided to burn the majority of his Shiba Inu holdings now.

“I have decided to burn 90% of the remaining Shiba tokens in my wallet. The remaining 10% will be sent to a (not yet decided) charity with similar values to CryptoRelief (preventing large-scale loss of life) but with a more long-term orientation.” – he explained in the transaction hash.

Buterin outlined the severe problem COVID-19 has created for the entire world and added, “it’s important to think about the longer term future too.”


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Upon the time of the transaction, the 410,24 trillion SHIB tokens Buterin sent from his wallet had a value of about $6.74 billion.

The booming popularity of SHIB caused a massive price surge in the past few weeks. It culminated in an all-time high at nearly $0.00004 after a listing on the world’s leading crypto exchange – Binance.

The Generosity of Dog People

Ethereum’s co-founder touched upon his aforementioned decision to donate a substantial amount of his dog tokens to charity organizations.

“Plenty of dog people have shown their generosity and their willingness to not just focus on their own profits but also be interested in making the world as a whole better.”

However, he also attracted some heat following his actions as some angry developers created coins with offensive names. As such, he urged the community to refrain from sending him new tokens without his consent in the future.

“I don’t want to be a locus of power of that kind. Better to just print the coins into the hands of a worthy charity directly (though do talk to them first.)”

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Source: https://cryptopotato.com/ethereum-co-founder-vitalik-buterin-burns-6-7-billion-in-shiba-inu-shib-tokens/

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Blockchain

Litecoin, Monero, Ethereum Classic Price Analysis: 17 May

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The Bitcoin market has been on a downtrend and the altcoin market has been mirroring its losses. The markets of Litecoin [LTC], Monero [XMR], and Ethereum Classic [ETC] have been highlighting a similar downtrend while also trying to recover in the short term.

Litecoin [LTC]

Source: LTCUSD on TradingView

The above chart of Litecoin [LTC] suggested that its value plummeted by 17% within 16-hours. This loss was from $325 to $267. However, after the 17% drop, the LTC value recovered and was now trading at $289.10.

The digital asset has been moving towards immediate resistance at $297.26 but there was evident bearishness in the market due to the fall. As the price slipped low, relative strength index was suggesting that the asset had entered the oversold zone, but this price posed a buying opportunity for others. This buying pressure that was created has pushed the digital asset into a near-equilibrium zone.

The price hangs around the $288-range and the traders may want to be more vigilant as the momentum shifts.

Monero [XMR]

Source: XMRUSD on TradingView

Unlike the Litecoin market, Monero [XMR] market was noting a rise in volatility. The sudden plunge in price pushed LTC from $391 to under $345. Even after recovering to $365, resistance at this level pushed the price once again lower. At the time of press, LTC was trading at $361.

The rise in volatility was indicated by the divergence of Bollinger bands, while the signal line was also plummeting. This suggested that the recent price action has paved the way for the bearishness and as LTC tried to stabilize at the current price, the relative strength index noted that the selling pressure had also increased as it hit 38. Meanwhile, negative momentum was adding to the falling price of LTC.

Ethereum Classic [ETC]

Source: ETCUSD on TradingView

The Etheruem Classic [ETC] price was not as impacted as other alts, thanks to its hard fork Ethereum [ETH]. The ETC price dropped by 19% but managed to recover by 15%. The loss carried ETC value from $110 to 80, but as the market recovers, this value has been pushed to $91.

With the wild price movement, Bollinger bands were noted to converge, which meant that volatility was reducing. As the price surged past the $89 resistance, the market was trying to hold on to this price level. This was also indicated by RSI which was at 47, close to equilibrium. This meant that the buying and the selling pressures were evenly matched. However, the momentum has remained negative.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/litecoin-monero-ethereum-classic-price-analysis-17-may

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