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Has A Student Attempted To Hack The West Virginia Voting Blockchain?

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Has A Student Attempted To Hack TheWest VirginiaVoting Blockchain
Has A Student Attempted To Hack The West Virginia Voting Blockchain?

The Federal Bureau of Investigation (FBI) is investigating whether a student at the University of Michigan attempted to hack the West Virginia’s voting app.

United States Attorney for the Southern District of West Virginia, Mike Stuart, wrote that the FBI is investigating the “unsuccessful attempted intrusion” by an outside party to gain access to the Voatz app, a mobile app that was used to collect ballots from overseas and military voters in the 2018 election. Stuart said that during the West Virginia’s 2018 election cycle his office was alerted by West Virginia’s Secretary of State, Mac Warner, who identified activity that may have been an attempt to gain unauthorized access to the Voatz voting app. The blockchain-based application uses a multitude of security layers for identity verification, such as facial recognition, thumbprints, and voter-verified ballot receipts. Warner said:

“Every safeguard designed for the system was very successful and worked as designed: to gain as much information as possible, and protect the sanctity of the voters’ identities and ballots. Although the details of the investigation cannot be disclosed, we can say that no votes were altered, impacted, viewed or in any way tampered with.”

Warner added that there is no evidence “that even a single vote was changed in the 2018 election,” adding:

“Because of our hard work and our investments, all of our systems worked according to plan, and more robust security measures and protocols are being deployed ahead of 2020.”

Warner’s office communicated to the FBI that the activity of the attempt came from IP addresses linked to the University of Michigan. The FBI is now looking into a person or persons who might have tried to hack the voting app as part of a course on election security.

It was previously reported that Warner’s office communicated to the FBI that the activity of the attempt came from IP addresses linked to the University of Michigan. The FBI is now looking into a person or persons who might have tried to hack the voting app as part of a course on election security.

“The application of democratic governance that will be implemented by the Digital Party is based on the internal governance solution that Æternity uses for internal community decision-making, which is a completely new architecture, allowing greater participation of citizens in political decisions at all levels, with unalterable reliability.”

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Convicted Thief Of $30 Million Crypto Scheme Allegedly Stole From Hundreds of US Investors

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Convicted Thief Of $30 Million Crypto Scheme Allegedly Stole From Hundreds of US Investors
Convicted Thief Of $30 Million Crypto Scheme Allegedly Stole From Hundreds of US Investors

Boaz “Bo” Manor, a convicted hedge fund scammer, has been charged with raising over $30 million from investors in an allegedly fraudulent initial coin offering. Prosecutors say he ditched his real identity, donned red hair, grew a beard and masqueraded as “Shaun MacDonald,” a blockchain entrepreneur. Prior to surfacing in New York, the notorious scammer spent four years in a Canadian prison after his bogus $730-million hedge fund evaporated in 2005. 

The latest indictment names Manor’s accomplice, Edith Pardo, and two firms, CG Blockchain Inc. and BCT Inc. SEZC, as defendants. The cohorts allegedly sold crypto asset securities between August of 2017 and September of 2018. According to the complaint, they also falsely claimed to have 20 hedge funds piloting technology to register transactions on a blockchain.

The SEC clarified,

“In reality, the defendants had only sent a prototype to a dozen funds, and none of the funds used it or paid for it.”

Joseph G. Sansone, chief of the SEC’s market abuse division, remarked,

“Manor’s brazen scheme to conceal his identity and criminal history deprived investors of essential information and allowed the defendants to take over $30 million from investors’ pockets.”

Pardo has been arrested, but authorities say Manor remains on the run.

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Victims of Dunamiscoins Scam In Ugandan Petition Gov’t For What They Lost

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Victims of Dunamiscoins Scam In Ugandan Petition Gov’t For What They Lost
Victims of Dunamiscoins Scam In Ugandan Petition Gov’t For What They Lost

Over 5,000 victims of the alleged cryptocurrency pyramid scheme Dunamiscoins have petitioned the Ugandan Parliament asking to refund money lost in the scam.

Arthur Asiimwe, the leader of the petitioning group who presented the request to the Parliament’s speaker Rebecca Kadaga, claims that the government has licensed the alleged scam firm, according to an official announcement by the Parliament of Uganda on Jan. 16.

First spotted in early December 2019, Dunamiscoins is allegedly involved in defrauding over 10,000 people, causing them losses of around $2.7 million. The apparent scam company reportedly closed its offices just a month after opening, stealing money from its investors and employees after previously promising 40% returns on cash investments. Asiimwe emphasized that the Ugandan government must be held liable for the Dunamiscoins incident:

“Government licensed this company and gave it a go-ahead to work as a non-deposit taking financial institution; it carried out its duties as a microfinance company. They gave unrealistic bonuses.”

As two Dunamiscoins directors stood trial in early January, Asiimwe also pointed out that one of the key individuals behind the scam, Susan Awon, has still remained at large. The group leader expressed dissatisfaction with the status of the investigation, arguing that Ugandan authorities should take further steps to arrest the third director and refund the money.

Subsequently, Parliament’s speaker Kadaga promised to engage with the responsible state authorities in order to solve the issue. According to the official announcement by the Parliament, she said:

“Since you petitioned the President already, I will talk to him and invite the Minister of Finance, Uganda Micro Finance Regulatory Authority next week so we can forge a way forward.”

While Dunamiscoins victims apparently accuse their government of not taking necessary measures to prevent the scam, some media reports claim that Uganda’s President Yoweri Museveni endorsed the firm earlier. According to local news publication The Independent, the victims told Kadaga that their faith in the company was driven by the President’s endorsement alongside constant media adverts.

 Meanwhile, Museveni has definitely taken a positive stance towards both blockchain technology and cryptocurrencies. Back in 2018, the President met with executives at major global crypto exchange Binance to discuss the developments in the industry.

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Chainalysis Finds Terrorists Are Improving Their Crypto Financing Operations

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Chainalysis Finds Terrorists Are Improving Their Crypto Financing Operations
Chainalysis Finds Terrorists Are Improving Their Crypto Financing Operations

Earlier today, Jan. 17, the blockchain analysts identified Izz ad-Din al-Qassam Brigades (AQB), Hamas’s military arm and noted terrorist organization, as the first confirmed case of terrorists using cryptocurrency to aid their activity. AQB used a website to generate a new Bitcoin address for each donor to deposit funds. It included a how-to video on donating with maximal anonymity. 

Compared to similar earlier campaigns, AQB raised as much money and garnered more donors but in less than half the time. Cryptocurrency has been linked to crime before, including Ponzi schemes and hate crimes. In other recent research, Chainalysis tracked $2.8 billion in Bitcoin from criminal enterprises to exchanges. Over 50% — $1.4 billion in Bitcoin — moved through major exchanges Binance and Huobi.

Crypto-enabled crime has caught the attention of regulators and government officials who would like greater oversight of digital currencies. Last year, Treasury Secretary Steve Mnuchin, speaking at a gathering of the Financial Action Task Force (FATF), applauded global regulatory standards that would combat crypto crimes:

“The FATF will make sure that virtual asset service providers do not operate in the dark shadows […] This will enable the emerging FinTech sector to stay one-step ahead of rogue regimes and sympathizers of illicit causes…”

The FATF, whose 200 countries, including the U.S., promote measures to combat financial crime, now demand that exchanges know more about customers and transactions. More data will hopefully help identify money laundering and terrorism financing in exchange for institutions that largely lack the oversight needed to combat this growing problem. In a statement to Chainalysis, Binance CCO Samuel Lin said,

“Binance is committed to cleaning up financial crime in crypto and improving the health of our industry. We will continue to improve on our proprietary KYC and AML technology, as well as the third-party tools […] One of our core values at Binance is to protect our users…”

Binance, one of the largest crypto exchanges, exceeded $1 billion in profits last fall.

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