Category Archives: Crypto scams

Can A Blockchain Get a Virus | Blockchain Malware, Trojans, Viruses

Can A Blockchain Get a Virus | Blockchain Malware, Trojans, Viruses

Welcome to this cryptocurrency video and article related to blockchain viruses, malware, and trojans. In this article we will discuss a few various aspects of cryptocurrency and blockchain technology in regards to attacks by malicious software.

Blockchain Viruses - Are they possible

Blockchain is strongly believed to be immune to viruses. A blockchain does not copy data, it is a distributed system. A blockchain is immutable and unchanging. They are designed to verify each block that gets added and must follow smart contracts precisely. Any new or bad code will not be accepted to the chain. A smart contract cannot act by itself. A user must initiate actions and pay for transactions according to the consensus being used. Each action only lasts for one block and does not affect a blockchain as a whole.

To avoid bad actoes that may be running nodes on a anetwork there are simple tools and functions that can be used to get rid of them. For simple node faults a consensus mechanism such as RAFT can be used. For nodes which act maliciously there are mechanisms that can be used such as Byzantine Fault Tolerance to remove faulty nodes from the blockchain network.

Crypto Mining Malware "Crypto Jacking"

Just because a blockchain cannot be infected by a virus at this time does not mean the crypto space is safe from attacks. A malicious code that is similar to wave audio files has infected over 80,000 computers since 2018. This malware is designed to run a crypto miner on infected devices. This type of malware campaign allows hackers to deploy CPU miners into victims devices stealing processing resources which in turn are used to generate thousands of dollars a month in mining cryptocurrencies.

This type of attack is commonly referred to as 'Crypto Jacking'. It allows the attacker to operate in the background with out the infected user knowing anything is going on. This type of malware is not directly a blockchain virus that exists on a blockchain but it is related to cryptocurrencies.

Bitcoin Ransomware

Another attack to people in the crypto space is called Bitcoin Ransomware. This type of attack is designed to infiltrate an operating system and infect the system by encrypting each file so that the original user/owner cannot access any files without permission. The attacked will demand payment in cryptocurrency in order to give access of the files back to the owner.

Blockchain Social Platforms You Should Really Avoid | Scott Cunningham

Blockchain Social Platforms You Should Really Avoid

Welcome to this blockchain and cryptocurrency video by Scott Cunningham. In this video, you will learn from Scott, which blockchain social platforms you should really avoid, and why!

There are so many blockchain social platforms out there that are awesome and so many more that are scams, shams, and full of spam. Let’s dive into what you should avoid.

Recently I’d posted on Twitter in response to Whaleshares claiming to be a great blockchain platform saying it was a scam and they wanted proof. While I’m at it I figured I’d cover some other less than honest platforms and or ones you’re better off avoiding entirely. I will also briefly mention some of the platforms that closed down last year.

Also, a quick shoutout to YouTube creators who are struggling with the new changes around commercial viability – check out LBRY, Steem, DTube, Bitchute, Gab, Flote, Cent, Cos.TV, UGetTube, OpenTube, TokenTuber, Minds, Uptrennd, and Sapien.

On top of covering Whaleshares which is the main focus, I will quickly go over Weku’s failure, Bearshares outright resetting everyone’s holdings, and why DLive is a scam and you should avoid it. Here’s one of my main explanations about DLive: This is everything I could find. Mind you, this happened over a year ago. Also note that Narrative was essentially a scam and is done: and recently Hyperspace also closed down.

The rest can be found in blog form:



Let me know what you think about this in the comments below and don’t forget to subscribe!

Top 5 crypto scam types in 2018 to watch out for

Top 5 crypto scam types in 2018 to watch out for

Watch this video to learn about some of the most common strategies that crypto scammers are using to take peoples crypto assets. Learn about the 5 biggest Crypto Scams in 2018 so you can avoid falling victim.

Warnings Crypto Scams video by Louis Thomas

Warnings Crypto Scams video by Louis Thomas

This is intended to be a helpful advice video on how to protect yourself from crypto currency scams. Make note of these tips and make sure to put them to use when looking into which ICO's to invest in.

ICO scams, red flags and warning signs

ICO scams, red flags and warning signs

Before just jumping in and investing money in something you don't fully undersatnd or are made aware of, its important to do some research. In this video you will learn how to better screen ICO's to decide if they could be a potential scam or not. ICO scams usually follow the same pattern and knowing these patterns are very important. An ICO should have a team that is transparent and reachable for example!