Meta-Mask Wallet Drainer Malware theft
VANCOUVER, British Columbia, March 18, 2024 -- BIGG Digital Assets Inc. (“BIGG” or the “Company”) (CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), a leading innovator in the digital assets space and owner of Netcoins, and Blockchain Intelligence Group and TerraZero today announces a significant public service initiative. This initiative is aimed at aiding small capitalization companies in safeguarding against investment fraud. BIGG reassures its stakeholders that it remains untouched by any such fraudulent activities. This announcement is fueled by critical insights gained through open-source intelligence and firsthand accounts of fraud victims.
The Anatomy of Investment Scams
Investment scams, while varied in their complexity, exploit the universal desire for quick financial gains. These schemes often involve direct communication through emails, texts, or social media, enticing victims with the promise of investment in exchange for a surety in digital assets such as Bitcoin, Ethereum, USDT, or USDC. The scammers may fake legitimacy through fabricated web presences and insist on upfront payments in digital currency. Individuals and companies must remain vigilant and conduct thorough due diligence before proceeding with any investment offer.
Immediate Action Required for Scam Victims
Blockchain Intelligence Group is also warning of specific threats like the Meta-Mask Wallet Drainer Malware, targeting the corporate officers of small-cap companies. The way Meta-Mask Wallet Drainer Malware is a malicious tool or script that is specially designed to transfer or redirect cryptocurrency from a victim's wallet to that under the control of an attacker. Illicit actors gain access to the victim's computer by sending them a file (such as a finders fee agreement) that has this malware embedded within it. Taking immediate action is imperative for any suspected scam victims. If a victim suspects they have any potentially infected computers they should seek advice from a qualified IT person.
Any victim, once it's clear a scam has occurred, should follow a process that involves prompt notification to their local law enforcement. The next notification should be to Blockchain Intelligence Group, which will begin to follow every move the scammers make on the blockchain. This is a fee-based service offered by Blockchain Intelligence Group. This will give law enforcement the time needed to get familiar with the case and make notifications to involve digital asset exchange providers.
Meta-Mask Wallet Drainer Malware theft:
Data Is The Key to Success
Leveraging over 30 billion data points from both on-chain and open-source intelligence, along with our advanced analytics platform, QLUE, we provide unparalleled capabilities in monitoring digital asset transactions. This technology, coupled with our dedicated team of digital asset investigators, enables continuous tracking and eventually leads to the unmasking and apprehension of culprits. Our recent successes include the interruption of scams aimed at small-cap CEOs, resulting in the freezing of fraudulent assets across multiple exchanges pending further legal action.
Addressing the Law Enforcement Dilemma
We recognize the obstacles law enforcement faces in digital asset investigations, mostly due to a lack of specialized training and access to competent data analytics tools. Blockchain Intelligence Group is committed to bridging this gap by offering our resources, software, and expertise to assist law enforcement agencies in effectively combating the $4.5 billion investment scam industry.
Proactive Defense Against Digital Asset Scams by Blockchain Intelligence Group
Blockchain Intelligence Group, a leader in digital asset forensic analysis and data analytics, is eager to share updates on its specialized, fee-based investigation services. These services have recently been instrumental in thwarting numerous sophisticated digital asset frauds targeting small-cap enterprises, highlighting the effectiveness of prompt and decisive action. Engaging Blockchain Intelligence Group within 24 hours of a suspicious activity significantly enhances the chances of tracking and unmasking fraudsters, thereby enabling law enforcement to recover and return stolen assets.
A Stand Against Digital Asset Crimes
As digital assets gain prominence, so does the potential for exploitation by criminals. Blockchain Intelligence Group remains dedicated to combating these threats, protecting the integrity and assets of diligent companies and individuals across the globe.
For assistance or to learn more about our services, please contact us at [email protected].
On behalf of the Board
About BIGG Digital Assets Inc.
BIGG Digital Assets Inc. (BIGG) believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision. BIGG has three portfolio companies: Netcoins (netcoins.com), Blockchain Intelligence Group (blockchaingroup.io), and TerraZero (terrazero.com).
Blockchain Intelligence Group is an industry-leading digital asset forensics, anti-money laundering detection, and cryptocurrency investigations company. At the heart of our operations is a deep-rooted expertise in visualizing digital assets and market-related activities. This expertise is leveraged to monitor transactional data with a constant eye to assist our customers with risk management, due diligence, and forensic services for digital assets.
Netcoins offers secure crypto trading in Canada and the USA, with a mission to make cryptocurrency easily accessible to the mass consumer and investor with a focus on fast, simple, and transparent trading. Netcoins has a robust product offering with Crypto Trading, Netcoins Pay Mastercard, and Staking (Canada Only and not powered by Zero Hash). Netcoins utilizes BitRank Verified® software at the heart of its platform and facilitates crypto trading via its cutting-edge Mobile and Web applications. For more information please visit our website www.netcoins.com.
TerraZero Technologies Inc. is a vertically integrated Metaverse development group and leading Web3 technology company specializing in helping brands create immersive experiences. TerraZero's Metaverse-agnostic vision is to develop and implement products and services with scalable commercial applications to flourish engagement across gamified experiences where enterprise-level businesses, metaverse platforms, and Web3 creators can seamlessly bridge and actionably grow their virtual world and the physical world endeavours together as one. TerraZero owns digital real estate for brands to establish a presence in existing virtual worlds and can also offer brands their own private worlds to provide offices and services to those interested in the metaverse. Furthermore, TerraZero acquires, designs, builds, and operates virtual assets and solutions to monetize the metaverse ecosystem. TerraZero’s businesses are segmented into five (5) divisions which include: (1) immersive experience creation in existing or private virtual worlds; (2) advertising; (3) data analytics; (4) events and marketing; and (5) development of the Intraverse. TerraZero aims to support the community, foster innovation, and drive adoption. For more information, please visit https://terrazero.com/ or contact [email protected].
For more information and to register for BIGG’s mailing list, please visit our website at https://www.biggdigitalassets.com. Or visit SEDAR+ at www.sedarplus.ca.
Future operating results could also be materially affected by the price of cryptocurrency and the demand (or lack thereof) for cryptocurrency. In addition, BIGG’s past financial performance may not be a reliable indicator of future performance.
Forward-Looking Statements
Certain statements in this release are forward-looking statements, which include the expected opportunities, outcomes, potential, and benefits of the Company’s products and services, the expected adoption and growth of cryptocurrency and the Company’s products and services (including QLUE), the development and completion of products and services, the expected growth and outcomes from these new QLUE customers, events, plans, courses of action, and the potential of the Company’s technology and operations and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the ability to manage operating expenses, which may adversely affect the Company’s financial condition, the ability to remain competitive as other better financed competitors develop and release competitive products, volatility in the trading price of the common shares of the Company, the demand and pricing of cryptocurrency, the Company’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance that they will prove to be correct. The securities of BIGG are considered highly speculative due to the nature of BIGG’s business. For further information concerning these and other risks and uncertainties, refer to the Company’s website and filings on www.sedarplus.ca. In addition, BIGG’s past performance may not be a reliable indicator of future performance.
Important factors that could cause actual results to differ materially from BIGG’s expectations include consumer sentiment towards BIGG’s products and Cryptocurrency, Blockchain and Metaverse technology generally, technology failures, the lack of demand for the Company’s products and services, fluctuations in the price of cryptocurrency, the ability to successfully define, design, and release new products in a timely manner that meet customers’ needs; the ability to attract, retain, and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; increase in costs and expenses; the ability to manage working capital; and the dependence on key personnel; competition; the demand and pricing of cryptocurrencies and NFTs (including digital assets); litigation; security threats, including a loss/theft of NFTs, cryptocurrencies, and other assets; and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIGG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
The CSE does not accept responsibility for the adequacy or accuracy of the content of this Press Release.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/027035c6-a9e8-46d8-b10d-141685c420f7
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