This "Wi-Fi 7 cryptomining router" is just an elaborate scam

Date:
Thu, 09 Mar 2023 19:18:09 +0000

Description:
Someone's impersonating TP-Link, and trying to trick victims into buying a Wi-Fi router/cryptocurrency miner.

FULL STORY ======================================================================

Someone has been impersonating networking equipment giant TP-Link, pretending to have built a Wi-Fi router capable of mining cryptocurrencies with super high efficiency levels.

Among those that fell for the obvious scam was news wire service providers Accesswire, who published a press release from the alleged company,
announcing the product.

In the press release, published in early March this year, the company says interested parties would now be able to order its revolutionary Mining
Router, the NX31. The device, being advertised for $1,440, comes loaded with features and perks that make it superior to competing miners, and is undoubtedly the greatest of its kind and will change the mining industry. TP-Link's comments

If these words werent enough of a red flag to the readers, then theres one even better - in two parts of the press release, the company has a different name. In the first sentence, its called TP-Link ASIC, while further below, it refers to itself as just TP-Link.

At the bottom of the press release is a website inviting interested parties
to learn more about the product which, yet again, shows the company as tplinkasic.

Finally, representatives of the actual TP-Link responded to queries from Toms Hardware and confirmed that its not, in any way, affiliated with this product or has anything to do with it. The company is currently investigating the matter and looking to remove the fraudulent press release from newswire websites. Read more

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At the same time, looking at the frauders websites, besides the NX31 there is another miner theyre selling - the D11 Doge miner (Doge is a joke cryptocurrency and a fork of Bitcoin, often being promoted by Elon Musk), which is being advertised for $570.

The website does have a shopping cart, but at this time its impossible to
know how many (if any) victims decided to try and purchase the devices. Check out the best endpoint protection services right now

Via: Tom's Hardware



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Link to news story: https://www.techradar.com/news/this-wi-fi-7-cryptomining-router-is-just-an-ela borate-scam


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