The crypto crap currency scam attracts criminals like honey attracts flies. Every day now, a new scam pops up. To create this fake money, they use computer codes which is one of the most insecure systems possible, ask any hacker. Well, the latest hack is about hijacking people’s computers to run ‘create fake money’ codes. Since it costs some considerable money in the form of buying energy to create these scam schemes, the smart thing to do is to steal people’s computer power and make they pay for the energy while the thief gets to ‘print money’ and sell it to dealers who want to make a killing in the scam markets.
Websites and publishers need to be prepared for cryptocurrency miners slipping into ads on their sites, according to Israeli adtech firm Spotad.
So, what they are doing is creating fake ads which are a trap. Once they attract some flies and I bet they use sex as the lure, they then use the energy and computing power of their victims to make money out of thin air and then sell this deceptively to foolish mainly young males, lying about how this is ‘real money’.
The company, which operates an AI-powered advertising platform for purchasing media space, recently discovered cryptocurrency mining activity on its network, a development the company claims is becoming part of wider trend.
These Israelis are vigilant. I suspect other ad agencies are not nearly as paranoid. I am assuming now that the criminals involved in creating fake money are infesting many systems now and are wrecking havoc this way and it will only get worse because anyone with a brain who is a crook has noticed where all the loot is and how easy it is to defraud young men who have little experience in the real world.
Why monero though? The cryptocurrency is currently trading at around the $440 mark while bitcoin is having its bumper year, topping $18,000. According to Oz and Horev, it’s simply easier to mine surreptitiously.
This is all rather sad to watch. Every generation, it seems, falls for some stupid scam. It happened a number of times in my own life. All one can do is warn people that clever criminals are smart and know how to hunt and kill. They are predators. Outwitting predators is difficult and dangerous because they can be violent, too.
Already, this booming scam is sucking down immense amounts of energy. This is an utter, disgusting waste of resources. Mining gold also consumes energy and messes up the environment. Seeking wealth that does no economic good is a waste of time, energy and intellect but humans are hooked on doing this as much as possible.
This video is from a typical young male who thinks he is very clever, playing this game of cheating people out of money. Note how pleased he is with himself as he destroys everything around him. This video was made before the fake money scam began to fall apart.