- Report: #876599
Report - Rebuttal - Arbitrate
Complaint Review: MicroCash.org
MicroCash.orgInternet United States of America
MicroCash.org Solidcoin Hacker Group Creates Authentic Sounding PayPal Clone, Internet
*General Comment: Common Sense
*UPDATE Employee: Facts are clear...
*UPDATE Employee: right, anonymity...
*Consumer Comment: Scam?
*Consumer Comment: Microcash Facts - Things to be aware of
*Consumer Comment: Consumer Facts
*UPDATE Employee: Identity stealing
*UPDATE Employee: Troll
The Microcash client is well developed and installs easily on most Windows platforms, Linux Distros and Mac. The basic premise is that MicrosCash is a peer to peer money transfer system that works much like Bittorrent. It claims to be unstoppable, irreversible and can operate outside of any government control. The true nature of Microcash is botnet control, personal information and identity theft. It will also harvest Paypal and bank account information.
Microscash can be acquired by two methods, purchased with a credit card at the MicrosCash exchange or created using the CPU power of the host machine. The client is configured so than any one machine will never be profitable and "coins" must be purchased or traded for.
The whole money system is rouse to steal credit card and identity information as well make the host machine a zombie in a botnet. The client machine runs services background that monitor and record the user's activity and reports them back to a central server optimizing the time in which the host machine can be "enslaved".
Solidcoin relaunched as MicrosCash after coming under scrutiny of InterPol, Germany's Bundespolizei (BPOL) and the US DOJ. While funds can in fact be stored and transferred using MicroCash, the risk for identity theft and fraud are high as well as unknowingly taking part in criminal enterprise.
Microcash embeds deeply within the host operating making complete removal nearly impossible. Most machines infected with Microcash require a complete operating system reinstall losing most files from the previous state. Since Microcash doesn't deploy stealth methods or malware to install it is excluded from most malware and antivirus definitions. A user must install Microscash to be infected.
This report was posted on Ripoff Report on 05/01/2012 10:51 AM and is a permanent record located here: http://www.ripoffreport.com/r/MicroCashorg/internet/MicroCashorg-Solidcoin-Hacker-Group-Creates-Authentic-Sounding-PayPal-Clone-Internet-876599. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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