Official Ted Blog

The hackers behind last week’s $530 million Coincheck heist have once again begun moving the stolen XEM tokens, marking the beginning of what will likely be a cat-and-mouse game to launder the funds. Blockchain data demonstrates that the hackers made a litany of transfers from their primary address to a variety of other addresses on Jan. 30. Each transaction transferred 100 XEM, worth approximately $77 at the present exchange rate. Source: ournem.com That represents a small percentage of the 500 million XEM the hackers raked in during the theft , but it likely indicates that they are attempting to launder the stolen funds. “When people look to launder these types of funds, they sometimes spread it into smaller transactions because it’s less likely to trigger (exchanges’) anti-money laundering (mechanisms),” Tom Robinson, co-founder of Elliptic, a cryptocurrency security firm in London, told Reuters . Indeed, while the hackers are sitting on a fortune that is now sp...

This is Shehar Yar. Shehar Yar was hired by an ICO, Mobilink-Coin to develop a website, database and back office for their company. Earlier this month Shehar was fired after the client realized the website the client had paid for was actually a clone from another website UTrust. The developer did not in fact create a custom website per the original scope of work and contract. And in fact, Shehar left much of the identifying code from the original website within the cloned website. Many screenshots and files were provided to me as proof. Here is just one from the root directory Not that that was enough of an offense, on January 22nd a website was registered called blocksims.io representing an ICO called Blocksims. Problem is, Blocksims resembles the exact online presence Shehar Yar was developing for his prior client, Mobilink-coin. Based upon the timelines I have and the subsequent launch of a like product last week, by all appearances this team has indeed started a fraudulent busi...