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Tag: cryptocash

Mystery as Quadriga crypto-cash goes missing

Mystery as Quadriga crypto-cash goes missing

Technology
Efforts to recover millions in crypto-cash from the digital wallets of a man who died without revealing passwords to access them have hit a snag.The wallets have been found to be empty.The discovery was made by a firm appointed to oversee QuadrigaCX after the death of founder Gerald Cotten.It expected to find the wallets full of C$ 180m ($ 137m; £105m) in crypto-cash deposited by the coin exchange's customers.Mr Cotten, who died in India in December, had sole responsibility for handling the funds and coins passing through the site. Inviting fraudThe master key to unlock the wallets was held on Mr Cotten's laptop but he died without letting anyone else know the passphrase to unlock the device. Most of the digital cash that c...
Elon Musk fans targeted in crypto-cash scam

Elon Musk fans targeted in crypto-cash scam

Technology
Fans of entrepreneur Elon Musk have been targeted in an emerging crypto-currency scam.The scammers pose as celebrities on Twitter and claim to be giving away crypto-cash such as Bitcoin or Ether to their fans.They ask people to send them a small amount of crypto-currency to qualify for the giveaway, but victims do not get any bitcoins back.Twitter has not yet removed the imposter Elon Musk account.How does the scam work?The scammers impersonate well-known personalities on Twitter by copying their profile pictures and choosing usernames very similar to the genuine accounts.They then post replies to popular tweets made by the genuine celebrity. This gives their nefarious messages prominence on Twitter.Typically, the scammers ask people to send them small amounts of crypto-currency, offering ...