Vietnam uncovers 30,000-phone "farm" used to fake user activity for project airdrops
Foresight News reports, citing Cointelegraph, that Corey Wilton, CEO of Mirai Labs, recently revealed the existence of a large-scale "phone farm" near Ho Chi Minh City. This facility houses around 30,000 smartphones dedicated to manipulating cryptocurrency airdrop campaigns. Each device is equipped with an individual SIM card and device fingerprint, allowing them to spoof IP addresses and making detection difficult. The main business of this "farm" is to manufacture and sell DIY phone farm equipment, producing over 1,000 specialized phones per week and packaging them into "farm boxes" of about 20 phones each for sale to international clients. These devices are used to fake user activity and seize reward tokens originally intended for genuine early users.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Apple (AAPL.US) downgraded to "Hold" by Loop Capital: iPhone shipment cuts likely difficult to offset, valuation at five-year high
Loop Capital downgraded Apple's rating due to concerns over iPhone shipments.

LS Electric Q3 Operating Profit Rises 131.71% Year on Year

Micron Technology (MU.US) invests in expanding Indium’s New York plant: Restarts domestic processing of critical minerals, secures long-term supply of high-purity materials
Micron Technology is investing in the critical minerals processing sector to enhance the U.S. supply chain ecosystem.

Deputy Governor of the Reserve Bank of Australia warns of “significantly worsening” inflation outlook; probability of rate hike in November rises to 43%
Hauser stated on Wednesday that Australia’s inflation outlook appears “significantly worse” than the Reserve Bank of Australia’s forecast in August, mainly due to rising oil and technology product prices, as well as persistent domestic pressures.
