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Hackers are stealing cryptocurrency users' assets by placing fake Windows 11 update ads on Facebook. These ads use professional Microsoft branding and, when clicked by users, lead to a cloned Microsoft website where malware is subsequently downloaded.The malware installs a framework called "LunarApplication" on the victim's computer, specifically designed to steal cryptocurrency wallet seed phrases, login credentials, and other sensitive information. Hackers use geofencing technology to bypass data center IP addresses, preventing automated scanners from detecting the attack.

According to a report by Caijing Magazine, the main suspect in the laundering case involving 60,000 BTC, Qian Zhimin, escaped with a laptop that has a built-in cryptocurrency wallet. After several searches by the British police, multiple electronic devices, including phones, computers, and USB drives, were seized. One of the USB drives contained photos of pages from Qian Zhimin's notebook, while the relevant pages of the notebook were suspected to have been torn out before the police confiscated them.The photos of the pages recorded the startup password for the black computer and several mnemonic phrases, such as "number + love," and also included hints for the numbers, which made it possible to recover the previously seized bitcoins.

ChainCatcher news, former Facebook stablecoin project head David Marcus posted on the X platform that Bitcoin is not only the best-performing neutral asset in history but is also becoming the settlement layer of the internet.

ChainCatcher news, according to The Block, New York City officials announced the bust of a cryptocurrency scam targeting Russian-speaking residents. The scammers led victims to a fake cryptocurrency investment website WhalesTrade.com through Facebook black hat ads, and then lured them into additional investments via WhatsApp and Telegram chats.Law enforcement has seized $140,000 in cryptocurrency assets, frozen approximately $300,000 in funds, and shut down over 700 associated Meta ad accounts. Currently, more than 300 victims have been confirmed, with the amount involved exceeding $1 million.

According to ChainCatcher news, The Information disclosed that the venture capital firm Andreessen Horowitz (a16z) has appointed former Facebook policy director Matt Perault as the head of AI policy for its Washington, D.C. office. Before joining a16z, Perault served as the director of the Center for Technology Policy at the University of North Carolina at Chapel Hill. Perault will lead the firm's bipartisan policy initiatives in areas such as open-source models and AI startups.

ChainCatcher news, according to Jin10, Meta stated that it will reduce the monthly subscription price for its services in the EU from €9.99 for desktop users to €5.99, and from €12.99 to €7.99 for iOS and Android users.

ChainCatcher news, according to CNBC, 88 current and former executives from the American business community support U.S. Vice President Kamala Harris for the presidency. The signatories include well-known CEOs from several publicly traded companies, including Aaron Levie of Box, Jeremy Stoppelman of Yelp, and Michael Lynton, chairman of Snap.Some signatories appear to be publicly supporting her for the first time since Harris became the de facto Democratic candidate in July. This includes James Murdoch, former CEO of 21st Century Fox and heir to the Murdoch family media empire, as well as cryptocurrency executive Chris Larsen, co-founder of the Ripple blockchain platform.Among the signatories, more than a dozen made their fortunes on Wall Street, including Tony James, former president and COO of Blackstone Group and founder of Jefferson River Capital, and Bruce Heyman, former managing director of private wealth management at Goldman Sachs.However, among all the signatories, the vast majority of the 88 endorsing Harris are former CEOs of large publicly traded companies, including Indra Nooyi, former CEO of PepsiCo, Barry Diller of Paramount Pictures, Ken Frazier of Merck, Logan Green of Lyft, Blake Irving of GoDaddy, Laxman Narasimhan of Starbucks, and Dan Schulman of PayPal.

ChainCatcher news, according to Cointelegraph, Facebook's parent company Meta has denied claims that more than half of the crypto ads on Facebook are scams, stating that this data is outdated and that measures have been taken to address the issue. As part of its 2022 lawsuit, the Australian Competition and Consumer Commission (ACCC) recently claimed in documents submitted to the federal court that 58% of the crypto ads it reviewed on Facebook were scams.A Meta spokesperson stated in a statement: "The data in the ACCC's claim relies on outdated information from 2018 and comes from a limited data set. Other means of contact remain the primary way people are scammed, and the ACCC's data is unlikely to accurately reflect the current state of our platform. The preliminary analysis mentioned is an allegation in the ACCC's claim, involving a historical internal study conducted in 2018 on a small sample of ads; Meta is defending against the ACCC's claim and will respond to this allegation at the appropriate time. Scammers exploit every platform they can, constantly adjusting their strategies to evade law enforcement. Meta does not want scams to occur on its platform, and we will continue to work tirelessly to prevent scams and protect our users."

ChainCatcher news reports that Australia's competition regulator cites a report stating that over half of the cryptocurrency ads on Facebook are either scams or violate Meta's policies.The Australian Competition and Consumer Commission (ACCC) stated that 600 ads were identified during the investigation. Currently, the agency is focusing on 234 ads and claims that other celebrity scam cases may be discovered after the investigation process concludes. The regulator noted, "At least since January 2018, Meta has been aware that a significant portion of cryptocurrency ads on the Facebook platform use misleading or deceptive promotional practices."The ACCC stated, "Advertisers must agree to certain contractual terms, which include compliance with Meta's advertising policies. These policies prohibit the publication of ads that use deceptive or misleading practices."It is alleged that although Meta removes individual ads after receiving complaints and sometimes bans related accounts, it continues to display similar ads featuring the same celebrity or other public figures and profits from them.

ChainCatcher news, Paradigm has hired David Swain as its CMO. Swain previously served as the global communications head at Instagram and the senior director of technical communications at Facebook, and he was also the global partnerships vice president at Strava, a social fitness app and community with over 120 million members.Swain's appointment comes shortly after Paradigm raised $850 million for its third fund in June.

ChainCatcher news, according to the Daily Mail, a lawsuit alleges that Facebook's parent company Meta reportedly allowed streaming giant Netflix to view its users' private messages for "nearly a decade" to help Netflix better tailor content for its users.Court documents unsealed on March 23 revealed details of a major antitrust lawsuit filed against Meta last April. The class action was brought by American citizens Maximilian Klein and Sarah Grabert, accusing Netflix and Facebook of having a "special relationship," claiming that Facebook allowed Netflix "customized access" to user data. The two Silicon Valley companies also agreed to "customized partnerships and integrations" at least since 2011, which helped enhance Facebook's advertising targeting and ranking models.

ChainCatcher news, according to Watcher.Guru on social media X, Facebook sold all of its users' private information to Netflix for $100 million.

ChainCatcher news, ETF Store President Nate Geraci stated on X that Facebook and Instagram may soon allow spot Bitcoin ETF advertisements.

ChainCatcher news, according to Cointelegraph, Thailand plans to take legal action in the future, requesting the court to order the closure of Facebook unless the platform takes measures to address the investment and cryptocurrency scam advertisements that appear on it.The Ministry of Digital Economy and Society (MDES) of Thailand stated that more than 200,000 people have been scammed due to advertisements on Facebook that promote cryptocurrency scams, fake investment companies, and counterfeit official agencies such as the Securities and Exchange Commission.

ChainCatcher news, according to Bloomberg citing informed sources, Taiwan Mobile is in early-stage negotiations with cryptocurrency platforms for a strategic partnership, including a potential investment in one of the businesses. Additionally, the sources added that Taiwan is expected to release a digital asset regulatory handbook this year. (Source link)

ChainCatcher news, the Web3 development platform Thirdweb has appointed former Facebook executive Atif Khan as its Vice President of Gaming. Recently, Thirdweb is developing a new Web3 game. It is reported that Khan worked at Facebook for eight years, where he served as the global gaming mid-market and in-app advertising lead. After leaving in 2021, he joined the Web3 gaming infrastructure company Stardust as Chief Operating Officer.Thirdweb is a development platform that provides developers with a Web3 infrastructure toolkit to help build decentralized applications for blockchain games, NFTs, DAOs, and more. The crypto data platform RootData shows that Thirdweb completed a $24 million Series A funding round in August 2022 at a valuation of $160 million, led by Haun Ventures, with participation from Polygon Labs, Coinbase Ventures, and Shopify. (Source link)

ChainCatcher news, Facebook synchronized with Instagram announced in its help center that it will gradually end support for digital collectibles, with changes taking effect starting April 11, 2023. The content of users' third-party wallets will not be affected.Previous report, Instagram today announced in its help center that it will gradually end support for digital collectibles, with changes taking effect starting April 11, 2023. (Source link)