Tag Archive for: Tesla

PeckShield says $15M lost on Crypto.com, Tesla accepts doge

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After a rough start to the year, the price of bitcoin is about flat in the last seven days. The largest cryptocurrency by market value is currently trading at $41,671, according to Coin Metrics.

Ether, the second-largest, is up about 2% in the same time frame. It’s now priced at $3,113.

Other top coins had a better week. Cardano, Terra and Dogecoin, for example, jumped over the last seven days, Coin Gecko data shows.

Along with price movement, here are six important things that happened in the crypto space last week.

1. Kim Kardashian and Floyd Mayweather sued by investors over alleged crypto scam

In June, Kim Kardashian posted an Instagram Story promoting a cryptocurrency called EthereumMax.

“Are you guys into crypto???” she wrote. “This is not financial advice but sharing what my friends told me about the Ethereum Max token!” Kardashian included the hashtag “#ad,” which indicates that the post was paid for as promotional content.

A class action lawsuit in the U.S. District Court for the Central District of California was then filed on January 7, accusing Kardashian and other celebrities, like Floyd Mayweather, of “making false or misleading statements” about EthereumMax to allegedly increase its price.

Ryan Huegerich, a New York resident, filed on behalf of himself and other investors who bought EthereumMax between May 14, 2021 and June 17, 2021. The lawsuit claims Huegerich and others lost money on their investments.

Representatives for Kardashian and Mayweather were not immediately available for comment when contacted by CNBC. A spokesperson for EthereumMax told CNBC that the lawsuit was “riddled with misinformation” and disputed accusations that it was a scam.

2. Jack Dorsey creates a legal defense fund for bitcoin developers

On Wednesday, Twitter and Block founder Jack Dorsey announced plans to create a “Bitcoin Legal Defense Fund.”

“The Bitcoin Legal Defense Fund is a non-profit entity that aims to minimize legal headaches that discourage software developers from actively developing Bitcoin and related projects,” Dorsey wrote in an email.

The fund will defend bitcoin developers from lawsuits, “including finding and retaining defense counsel, developing litigation strategy and…

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Teen hacker discovered Tesla remote control security flaws by accident

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David Colombo, a 19-year-old cybersecurity researcher in Germany, came upon the biggest discovery of his young career by accident.

He was performing a security audit for a French company when he noticed something unusual: a software program on the company’s network that exposed all the data about the chief technology officer’s Tesla Inc. vehicle.

The data included a full history of where the car had been driven and its precise location at that moment.

But that wasn’t all. As Colombo dug deeper he realized that he could push commands to Tesla vehicles whose owners were using the program.

That capability enabled him to hijack some functions on those cars, including opening and closing the doors, turning up the music and disabling security features. (He couldn’t take over the cars’ steering, braking or other operations, however.)

The discovery, which Colombo published on Twitter this week, triggered a vigorous discussion online as the latest example of hacking risks associated with the so-called Internet of Things, where seemingly every product — from refrigerators to doorbells — now have an internet connection.

“I’m not sure I would send that tweet again,” said Colombo, who began programming when he was 10.

“The response was crazy. Somewhere in the comments I have pro- and anti-Tesla arguing very heatedly. It just got blown up so much.”

Colombo said he found more than 25 Teslas in 13 countries throughout Europe and North America that were vulnerable to attack, and that subsequent analysis indicated there could have been hundreds more.

The flaws aren’t in Tesla’s vehicles or the company’s network but rather in a piece of open-source software that allows them to collect and analyze data about their own vehicles.

Tesla didn’t respond to requests for comment.

Colombo said a member of the company’s security team contacted him and that he shared his findings.

A spokesperson for the U.S. National Highway Traffic Safety Administration said it has been in contact with Tesla about the matter and that the agency’s cybersecurity technical team would assist with the evaluation and review of the information.

Colombo provided screenshots and other documents…

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Tesla Motors, Inc. (NASDAQ:TSLA) – Russian Hacker Pleads Guilty To Offering $1M Bitcoin Bribe To Tesla Employee

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A Russian national who attempted to hack Tesla Inc. (NASDAQ: TSLA) last year and introduce malware to compromise the company has pleaded guilty in the U.S. and could spend up to ten months in prison, according to a report by The Associated Press.

What Happened: Egor Igorevich Kriuchkov pleaded guilty to conspiracy to intentionally cause damage to a protected computer, as per the report.

A federal lawsuit was filed against Kriuchkov in Nevada last August. The Russian national was accused of offering a $1 million bribe in Bitcoin (CRYPTO: BTC) to an employee at a company in Nevada – identified then only as Company A – to surreptitiously insert malware into the company’s systems.

Tesla CEO Elon Musk later confirmed that the automaker was the subject of a hacking attempt by a Russian national and his co-conspirators.

Kriuckkov said the insider job would be camouflaged with a distributed denial of service attack on plant computers from outside in order to overwhelm the servers with junk traffic, as per the Associated Press, which cited court documents. The hackers then planned to extort Tesla for a ransom payment.

See Also: Why Tesla’s Charging Stations Are A Key Advantage For Its Future

Why It Matters: The data breach shows how companies need to take more effective steps to deal with the threat of cyberattacks that have increased in intensity amid the pandemic. It also shows how hackers could take data from companies, including Tesla, hostage in exchange for ransom funds.

Earlier this month, Tesla was among the several companies that were impacted by a massive security-camera breach, with hackers gaining access to live footage from the electric car maker’s factories and warehouses.

Price Action: Tesla shares closed about 0.3% higher on Friday at $654.87.

Click here to check out Benzinga’s EV Hub for the latest electric vehicles news

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Belgian security researcher hacked Tesla with Raspberry Pi

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He identified a serious vulnerability in the keyless entry system that allowed criminals to bypass an approximately $ 100,000 vehicle’s onboard security system.

The Tesla Model X key fob allows owners to automatically unlock the electric vehicle when they approach it or press a button, using BLE to exchange data between the car and a smartphone app. Wouters, a Ph.D. student at the Computer Security and Industrial Cryptography (Cosic) Research Group at the University of Leuven, developed a way to hack this circuit. For a practical proof-of-concept, he used a single-board Raspberry Pi microcomputer, a modified keyfob, and an engine control unit (ECU) from a decommissioned Model X. and other components for a total of $ 195.

“Through reverse engineering of the Tesla Model X key fob, we found that the BLE interface allows remote software updates running on the BLE chip. Since this update mechanism was not properly secured, we could hack the key fob wirelessly and take full control of it. Subsequently, we could receive genuine unlock messages to unlock the car later, ”- this is how Wouters describes the essence of the project.

The hijacker only needs to approach the victim about 5 meters to activate the key fob, send his software into it, and gain complete control to exploit this vulnerability. This process is said to take one and a half minutes. The thief can then receive genuine commands to unlock the car. After gaining access to the on-board diagnostic connector, he can associate the modified key fob with the electric vehicle, start the car and drive away.

This is the third time that Wouters has successfully hacked a Tesla vehicle using a keyless entry key fob. In previous cases, he was able to “clone” the device.

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