Category Archives: Cyber Security, Hacks, Fraud Alerts, Risks

How to Protect Your Product from Compatibility Testing Hacks

Guest Post | Dec 26, 2022

Pexels ThisIsEngineering Testing - How to Protect Your Product from Compatibility Testing Hacks

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Compatibility testing ensures you're able to properly install your software on every platform and operating system out there. This means increased compatibility, performance, and functionality of your product. Our engineers will take your app's code as input and make it run seamlessly. The next time you need an update - all you have to do is ask!

UTOR provides application compatibility testing services to help you make sure your application is compatible with different environments and operating systems, networks, software and browsers.If you want to be sure that your application works as intended across different environments, our team will work hard to do just that. We're using high-end testing tools and technologies.

A Compatibility Test guarantees that your site is accessible for the latest assistive technologies and devices. It's a low-cost way to check for any issues that exist on important user journeys in your digital properties. By engaging a diverse team, you are ensuring that your accessibility efforts will be supported and your implementation challenges addressed.

The problem of compatibility testing service is a serious issue. The most common way to do this is to use automated scripts that perform the test and compare the results with the source code.

What are Browser Compatibility Tests? How Do They Affect You? How Can You Avoid Them? Why Do We Need Them & Is There a Better Way Out?

A browser compatibility test is a test to see if the website you are visiting is compatible with your browser. Browser Compatibility Tests are a common tool that many people use to test the compatibility of their browsers with different websites. And while they are a useful tool in many ways, they also have some potential downsides.

In this article, we will look at the history of browser compatibility tests and try to find out what they can do for us and how we can avoid them. We will also look at other ways to test your browser's compatibility with websites - by using online tools like Chrome DevTools or by using offline tools like Google Webmaster Tools .

Why Should You Test Your Web Site for Compatibility with Other browsers and Devices

The website you are about to test should be compatible with all the browsers and devices you are using. We should not only test for compatibility with other browsers and devices but also ensure that the website will work on all of them.

The test is a simple way to check for compatibility between your site and other browsers and devices. It is also a good way of testing if your website will be compatible with all the different operating systems.

In this section we will discuss the benefits of testing your Web site with other browsers and devices. You need to test your Web site on different devices. This helps you identify any compatibility issues and troubleshooting them. By doing this you can ensure that your site is accessible to all kinds of browsers and mobile devices, as well as ensuring that it is compatible with other sites on the web.

How to Save Time with Browser Compatibility Testing Software

In order to design a website that is compatible with the latest browsers, a web developer must test the compatibility of websites with different browsers. It is a tedious task but one that can save you hours of work.

See:  Leaky Forms: Thousands of Popular Websites See What You Type—Before You Hit Submit

Browser compatibility testing is a time consuming task. It involves testing different browsers and devices to see which browser works best for a certain website. If you are not sure about the browser compatibility of your website, then a tool like BrowserCheck can help you out. If you have a site that is popular in your niche, then it's important to keep it updated and relevant. This will help your visitors find the content they are looking for faster. One solution that helps with this is "browser-based search". This tool allows you to do something similar to Google's "Search" feature but without the hassle of having to visit the site or typing in keywords or links manually.


NCFA Jan 2018 resize - How to Protect Your Product from Compatibility Testing HacksThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Former FTX and Alameda Research Executives, Wang and Ellison Plead Guilty and are Cooperating with Police

The Verge | Richard Lawler Elizabeth Lopatto | Dec 21, 2022

Unsplash Mariia Shalabaieva FTX - Former FTX and Alameda Research Executives, Wang and Ellison Plead Guilty and are Cooperating with Police

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Former FTX co-founder Gary Wang and former Alameda Research CEO Caroline Ellison are facing up to 50 years and 110 years in prison, respectively.

  • Caroline Ellison and Zixiao “Gary” Wang, two executives in Sam Bankman-Fried’s fallen crypto empire, have pleaded guilty to federal charges and are cooperating with prosecutors. The news was announced late Wednesday by Damian Williams, the US Attorney for the Southern District of New York.
    • Wang was a co-founder of the FTX cryptocurrency exchange and owned 10 percent of Alameda Research. (Bankman-Fried owned the other 90 percent.) Ellison served as CEO of Bankman-Fried’s trading company Alameda Research.
    • Ellison pleaded guilty to seven counts, according to The Washington Post. She faces up to 110 years in prison, WaPo says. Wang pleaded guilty to four counts and faces up to 50 years in prison.

See:  Co-Founder FTX Ryan Salame Blew the Whistle

  • The  US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have already filed updated civil suits, including details on Wang and Ellison’s roles. “Wang, with Ellison’s knowledge and consent, exempted Alameda from the risk mitigation measures” FTX used, providing Alameda Research with a “virtually unlimited ‘line of credit,’” according to the updated SEC complaint.
  • Alameda got ahold of FTX customer funds in two ways: first, by the “line of credit” but also by directing customers to deposit fiat currency into accounts controlled by Alameda. “As a result, there was no meaningful distinction between FTX customer funds and Alameda’s own funds,” the SEC suit says.

Continue to the full article --> here


NCFA Jan 2018 resize - Former FTX and Alameda Research Executives, Wang and Ellison Plead Guilty and are Cooperating with PoliceThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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100+ Dormant Bitcoins from QuadrigaCX Suddenly Wake Up

Coindesk | Nikhilesh De | Dec 19, 2022

Gerald Cotton QuadrigaCX - 100+ Dormant Bitcoins from QuadrigaCX Suddenly Wake UpMore than 100 bitcoins tied to the defunct Canadian crypto exchange QuadrigaCX were transferred out of cold wallets thought to be beyond anyone’s control over the weekend, after sitting dormant for more than three years.

  • QuadrigaCX went bankrupt in 2019 after the apparent death of founder and CEO Gerald Cotten. At the time of its collapse, Quadriga was believed to have owed thousands of customers nearly $200 million in various cryptocurrencies – a staggering failure for what was once Canada’s largest crypto exchange.
  • EY, which is acting as the trustee for Quadriga’s estate, announced in February 2019 that it lost control of about 100 BTC after mistakenly sending the coins to Quadriga-operated cold wallets that the Big Four financial services firm said it couldn’t access. At the time, the bitcoin was worth around $355,000 (C$470,000).

See: 

Gerry Cotten’s widow speaks out over his death and millions of missing crypto

Hot Docs: Dead Man’s Switch

  • On the move: In total, 104.34 BTC worth around $1.7 million (C$2.4 million) at press time has left Quadriga’s wallets. Many of these funds appear to have been distributed to different wallets.
    • Magdalena Gronowska, a bankruptcy inspector and member of Quadriga's creditor committee, said the funds were not moved by EY.
    • Blockchain sleuth zachxbt said on Twitter that the majority of these funds, nearly 70 BTC, appear to have gone to Wasabi, a coin mixing service.

Continue to the full article --> here


NCFA Jan 2018 resize - 100+ Dormant Bitcoins from QuadrigaCX Suddenly Wake UpThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Solidus Labs Research: 350 New ‘Scam Tokens’ Created Daily in 2022

Cointelegraph | Jesse Coghlan  | Dec 18, 2022

Number of crypto investors affected by scams collapses rugpulls - Solidus Labs Research:  350 New 'Scam Tokens' Created Daily in 2022More than 350 fraudulent cryptocurrency tokens were created per day this year, defrauding millions of investors, according to blockchain risk monitoring firm Solidus Labs.

  • From the start of the year to Dec. 1, 117,629 “scam tokens” were deployed, according to Solidus’ 2022 “Rug Pull Report.”
    • That’s a 41% increase from the nearly 83,400 scam tokens that Solidus detected in 2021.
    • The report claims that BNB Chain harbors the greatest number of scam tokens, with 12% of all BEP-20 tokens being fraudulent.
    • The Ethereum network was second, with a purported 8% of ERC-20 tokens alleged to be scams.

See:  Trust Fallacy: 75% of Payment Fraud in Crypto is Carried Out by KYC-verified Accounts

  • The most popular type of scam token was a “honeypot," which is a token smart contract that doesn’t allow buyers to resell.
    • The most prolific “honeypot” in 2022 was the $3.3 million Squid Game (SQUID) token scam which grew 45,000% in a few days before anonymous founders apparently ran off with investor funds
  • Centralized exchanges (CEXs) are also affected by rug pulls, as many behind these malicious tokens use them to fund their fraudulent project and cash out the ill-gotten gains.

Continue to the full article --> here


NCFA Jan 2018 resize - Solidus Labs Research:  350 New 'Scam Tokens' Created Daily in 2022The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Goldman Sachs Report: Future of Digital Assets and Crypto Winter’s Discontent

Goldman Sachs | Dec 13, 2022

Goldman Sachs Crypto winters discontent report 214x300 - Goldman Sachs Report:  Future of Digital Assets and Crypto Winter's DiscontentIn the wake of FTX's rapid demise, crash of Terra's Luna stablecoin and the failure of Celsius crypto lending platform, questions about regulatory oversight of digital assets, where the ecosystem goes from here, and potential spillover risks to the financial system and the real economy are Top of Mind.

See:  Canadian Securities Regulators: Crypto Trading Platform Enforcement Coming

For answers, we turn to former SEC Chairman Jay Clayton, former CFTC Chairman Timothy Massad, One River’s Marcel Kasumovich, Yale’s Gary Gorton, and GS traders, strategists, and economists.

Download the 25 page PDF report --> here


NCFA Jan 2018 resize - Goldman Sachs Report:  Future of Digital Assets and Crypto Winter's DiscontentThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Co-Founder FTX Ryan Salame Blew the Whistle

Berkshire Eagle |

Ryan Salame - Co-Founder FTX Ryan Salame Blew the WhistleA court filing Wednesday says cryptocurrency executive, Ryan Salame, blew the whistle on disgraced FTX founder Sam Bankman-Fried.

  • Salame, who was co-CEO of FTX Digital Markets, an affiliated company, informed Bahamian securities regulators in the days before FTX collapsed that Bankman-Fried may have funneled customers’ investments to his hedge fund, Alameda Research, setting the stage for the 30-year-old’s downfall.
    • The London-based Financial Times first reported the news Wednesday evening about Salame, citing court documents.
    • The filing is the first indication to emerge during the bankruptcy process, and in the wake of Bankman-Fried’s arrest, of the role that Salame was playing within the company.  It appears to be that of a whistleblower seeking to alert authorities to perceived wrongdoing.
    • On Nov. 9, the Financial Times reported, Salame alerted the executive director of the Securities Commission of the Bahamas of the transfers to Alameda.

See:  SBF Arrested in Bahamas

  • “Mr. Salame further advised the Commission that there were only three (3) persons who had the necessary codes (or passwords) to transfer clients’ assets to Alameda in this manner,” she wrote. She said that included Bankman-Fried and two others. The list did not include Salame himself, according to Rolle’s email.
    • The other two FTX executive named have not been charged with crimes.

Continue to the full article --> here


NCFA Jan 2018 resize - Co-Founder FTX Ryan Salame Blew the WhistleThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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SBF Arrested in Bahamas

CNBC | MacKenzie Sigalos and Rohan Goswami | Dec 12, 2022

SBF arrested - SBF Arrested in BahamasFTX founder Sam Bankman-Fried was arrested by Bahamian authorities Monday evening after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government, setting the stage for extradition and U.S. trial for the onetime crypto billionaire at the heart of the crypto exchange’s collapse.

  • Before his arrest was announced, Bankman-Fried had been expected to testify virtually before the House Financial Services Committee on Tuesday. His arrest is the first concrete move by regulators to hold individuals accountable for the multi-billion dollar implosion of FTX last month.
  • Damian Williams, the U.S. Attorney for the Southern District of New York, said on Twitter that the federal government anticipated moving to “unseal the indictment in the morning.”

See:  Audio Interviews (post-bankruptcy) with Sam Bankman-Fried on FTX Collapse

  • In a statement, Bahamian Prime Minister Philip Davis said:

The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law.  While the United States is pursuing criminal charges against SBF individually, The Bahamas will continue its own regulatory and criminal investigations into the collapse of FTX, with the continued cooperation of its law enforcement and regulatory partners in the United States and elsewhere.

Continue to the full article --> here


CBC News | Associated Press | Dec 13, 2022

U.S. Regulator:  "FTX founder used investors' money as 'his personal piggy bank"

  • Sam Bankman-Fried also hit with 8-count indictment by U.S. prosecutors ranging from wire fraud to money laundering to conspiracy to commit fraud on the United States.
    • The indictment says Bankman-Fried allegedly committed a years-long fraud by diverting investors' funds to his private hedge fund and using the money to make venture investments, lavish real estate purchases and large political donations.
    • He was also charged with making more than $25,000 in illegal campaign contributions, a notable charge as Bankman-Fried was one of the largest political donors this year.

See:  Digital Asset Classification vs Wire Fraud: What’s the Most Powerful Law in Crypto Right Now

  • The maximum potential prison exposure from these charges is 115 years, according to Nicholas Biase, a prosecutors' spokesperson.
  • Bankman-Fried's arrest came just a day before he was due to testify in front of the House financial services committee. Representative Maxine Waters, a California Democrat and chair of the committee, said she was "disappointed" that the American public, and FTX's customers, would not get to see Bankman-Fried testify under oath. That hearing, however, will be held Tuesday.

Continue to the full article --> here


NCFA Jan 2018 resize - SBF Arrested in BahamasThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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