What Is Uppward?

uppward

#1


via nulltx

Despite the growing popularity of cryptocurrency, some of the industry’s key issues remain in place. Scams and fraudulent projects have become the new normal over the years. Fighting such trends has proven to be very difficult, if not impossible. With the help of Uppward, that situation may come to change fairly soon.

The Uppward Concept

Originally developed by the team behind the Sentinel protocol, Uppward is one of the very few solutions to nip fraudulent cryptocurrency activity in the bud. It is a browser tool designed for consumers. With this Chrome extension, users can protect themselves from cryptocurrency scams and fraudulent projects. Solutions like these are direly needed to keep the average consumer safe from harm in this booming industry.

How Does it Work?

On the surface, Uppward may not look like anything spectacular. Under the hood, however, it can make a world of difference for both novice and advanced cryptocurrency users. The solution is designed to double-check all information pertaining to cryptocurrency. That includes website addresses, wallet addresses, Telegram groups, Twitter accounts, and so forth.

Should a discrepancy be discovered, the Chrome extension will alert users immediately. It also allows users to report previously unmarked sites as potentially dangerous. Community involvement will play an integral role in this project, as it is of the utmost importance that fake sites are reported as soon as possible. Given the vast number of exchange phishing sites and misleading ICOs out there, a tool such as this one can go a long way in the industry.

The wallet address validation aspect of Uppward is of particular interest. There has been an increase in malware designed to alter wallet addresses copied to the built-in Windows clipboard. Uppward will flag suspicious addresses immediately to force users to double-check the information provided. Whether or not it will help reduce the number of wrongfully sent transactions is a different matter altogether.

The Road Ahead

Creating a more safe and secure cryptocurrency ecosystem for everyone will remain an ongoing challenge. There are numerous threats out there which users need to be aware of at all times, and it seems the odds are insurmountable. Even so, solutions such as Uppward show that threat intelligence is a vital aspect of the cryptocurrency industry, and it is well worth looking into further.


#2

:beginner::mag::point_right: The Sentinels found something interesting!

We received an anonymous report by an Uppward user through the Sentinel Portal, and it has just been confirmed. This case is not covered by any other security solution until now.

The report concerns the following developer on the Chrome Web Store: https://chrome.google.com/webstore/search/Nencer%20JSC

That developer has released these three different Chrome extensions:
https://chrome.google.com/webstore/detail/binance-desktop-tool-pro/dfaniogeeonpncknhkpikmehcafkdbkp

https://chrome.google.com/webstore/detail/poloniex-trading-tools-pr/jihdlndgkjblcjalfdcbailgdnnihdbl

https://chrome.google.com/webstore/detail/bittrex-trading-tools-ver/dncbmnodhgmffdoacahekofcalnfbpgj

The aforementioned extensions have been tested in our Sandbox. The Sentinels found that these extensions act in a malicious way by changing the deposit address on exchanges such as Binance, Bitmex, Poloniex, Bittrex, Remitano, and Bitfinex. After reviewing the code, the Sentinels discovered 15 wallet addresses being used to replace deposit addresses whenever users attempt to deposit funds on the exchanges. All three of these extensions are now blacklisted in the Sentinel Protocol TRDB along with these 15 wallet addresses found in the code. The donation address published on the Chrome Web Store has also been blacklisted.

To date, these addresses have received the following amounts of cryptocurrencies with some transactions going as far back as Dec 21, 2017:

ETH - 25.307686624534
ETC - 5.43199613
BTC - 5.18527599 (including donation address)
DASH - 0.0763047
LTC - 8.63924826
BCH - 0.42500000

We would like to remind our community to stay vigilant and not use any software from untrusted sources. Do continue to report any suspicious activity on the Sentinel Portal. Through community effort, we can make the crypto world a safer place!

Source: Sentinel Protocol Announcement channel on TG