Tag: Sony

  • Beware! Scammers Target Soneium Blockchain Users With Phishing Website

    Beware! Scammers Target Soneium Blockchain Users With Phishing Website

    Blockchain security firm Scam Sniffer has revealed a risk that every internet user who wants to access Soneium’s official website or blockchain could fall victim to—a sponsored Google advertisement designed to resemble Soneium’s website. Still, it is a phishing website that can drain users’ funds.

    Soneium is a layer-2 blockchain built on the Ethereum network. A team of developers develops the L2 blockchain under the electronics giant Sony.

    Soneium Not Someium

    According to Scam Sniffer’s Tuesday morning post on X, a simple typographical error when accessing the Soneium site can result in a loss of funds.

    “Searched for Soneium on Google, clicked a phishing ad. After connecting your wallet and signing a phishing signature, your assets disappeared,” the firm said.

    The Sniffer team noticed that a Google search for “Someium” – a misspelled form of “Soneium”—led to a phishing website posing as the authentic Sony-developed blockchain. The phishing link redirects users to an incomplete web project of another company and contains a hidden wallet drainer.

    Additionally, Scam Sniffer noted that the link was designed only to affect specific users. This meant it took any other random user to the official website while redirecting users who met the scammers’ target to the phishing site. Thus, it is difficult for Google to notice the error before approving and pushing the ad to the public.

    Highlighting the importance of paying attention and surfing the internet safely, the security firm warned, “Phishing always happens when you’re not paying attention, even if you mistakenly spell ‘soneium’ as ‘someium.’”

    Crypto Scams Skyrocket

    Despite crypto and blockchain firms’ efforts to ensure investor funds’ safety, scammers have devised various means to devour users’ funds, primarily through phishing sites.

    In a recent court case, an Indian crypto scammer, Chirag Tomer, stole over $20 million from different users through phishing. He developed a fake Coinbase website with a deceptive URL and user interface that looked like the original site. Following different court sittings, he has been sentenced to five years in prison and two years of supervised release.

    Meanwhile, according to the Australian financial watchdog ASIC, the ex-CEO of the collapsed crypto exchange Mine Digital has been brought before the court for scamming one user out of over $1.4 million and spending the funds on personal expenses.

  • Circle Partners Sony to Launch USDC on Soneium

    Circle Partners Sony to Launch USDC on Soneium

    Electronics giant Sony has expanded Web3 adoption through its latest partnership with the stablecoin issuer Circle behind USDC. Through Sony’s subsidiary, Sony Block Solutions Labs, the electronics company will bring decentralized features and make USDC the primary transaction token on the Soneium blockchain.

    Soneium is a multipurpose Ethereum layer-2 blockchain established by Sony Technology Group in August 2024 to support users globally and incorporate the diverse features of blockchain technology. It is still in development stage and will be launched in 2025.

    Sony Collaborates With Circle

    Following the partnership, the layer-2 blockchain will allow users and developers to enjoy borderless payments using a bridged version of the U.S. dollar-pegged stablecoin, USDC.

    Bridged USDC refers to a version of USDC moved from its original base blockchain, Ethereum, to the new blockchain, Soneium. In this process, USDC is locked on Ethereum while the system mints an equivalent quantity on the new blockchain, backed by the original deposit.

    Additionally, by following Circle’s standard implementation process, Sony ensures a flexible future for Soneium, allowing it to upgrade to native USDC issuance without disrupting the entire project structure.

    Sony and Circle Reacts to Partnership

    Both companies see the partnership as in important milestone for Web3 adoption. Co-founder and CEO of Circle, Jeremy Allaire, said:

    We are thrilled to be partnering with Sony Block Solutions Labs to re-imagine how creativity and innovation are supported in the digital age. This collaboration marks a significant milestone for Circle’s mission to accelerate the adoption of our stablecoins and blockchain technology and empower creators to flourish through secure, user-friendly Web3 experiences.

    Jun Watanabe, Chairman of Sony Block Solutions Labs, highlighted that integrating Circle’s financial infrastructure into Soneium is an ideal step towards the company’s plan to redefine the landscape of digital entertainment and finance and create a more interconnected and efficient digital ecosystem. He said:

    We are excited about the potential this partnership unlocks, not just for technological advancement, but for delivering tangible benefits to Soneium and users worldwide.

    Sony has shown significant interest in blockchain technology and the crypto industry. Recently, the gadget company established its crypto trading platform in Japan by acquiring the bankrupt exchange Amber Japan.