QI Quadriga Initiative

Aug 2024 - IO.net Official Discord Phishing Airdrop - $Unknown (Global)

"The Internet of GPUs is Finally Here" "The Power of Global GPU Resources with a Single Click"

"The IO Cloud allows you to deploy and manage on-demand decentralized GPU Clusters. This provides users with access to GPU resources without expensive hardware investments and infrastructure management. IO Cloud democratizes access to GPUs by providing ML Engineers & Developers the same experience as any cloud provider.

IO Cloud leverages distributed resources from a decentralized network of nodes called IO workers. Clusters provide the building blocks of IO Cloud and are fully meshed self-healing GPUs. With IO Cloud, you can leverage a decentralized network of GPUs/CPUs capable of executing Python-based ML code for your AI projects. This platform is Natively powered on the RAY distributed computing python framework used by OpenAI to train GPT3 and GP4 across 300K servers."

"IO Worker is like having a virtual rental manager for your device! It's a simple web app that lets you lend your computing power to those tackling AI tasks, making it easier for everyone to access the resources they need.

Thanks to our decentralized setup and smart resource management, you can earn more by renting out your GPU/CPU than you would with traditional cloud services. It's a win-win situation where you support others while boosting your own earnings.

With IO.NET, you're not just renting out hardware; you're part of a community that values collaboration and efficiency. Whether you're a business looking to optimize resources or an individual keen on making extra profits, IO.NET has got you covered!"

"Hello $IO Nation! We're happy to let everyone know we're feeling generous and doing a block reward tonight. Anyone is able to claim but as usual this will be for a limited time."

"@ionet discord is hacked now, channels to communicate deleted do not go for this link from announcements!"

"One of our moderator's account has been compromised. To protect everyone, we've temporarily muted the channels. We're actively working to resolve the issue and will re-open the channels shortly. Thank you for your understanding and patience."

"Ahmad Shadid, former CEO of the decentralized GPU network io.net, posted on X that the official io.net Discord has been hacked. He has informed the IO team and advised not to click on any shared links."

"I was informed the Issue is resolved but the chat channels were all deleted so it will probably take time for the team to recreate them. I’ve heard the hacker was identified and he is the same who hacked @Humanityprot discord, identity to be confirmed yet."

Further Analysis

IO.net allows for the purchase of cheap GPU processing, and those with GPUs can sell their processing power on the open market using a Solana-based token. On August 28th, the IO.net Discord server was compromised and began posting a phishing link. Community members nearly immediately starting warning one another via Twitter, and the situation appears to have been resolved in 65 minutes. There were no reports found of users having lost funds in this case.

How Could This Have Been Prevented?

More Cryptocurrency Exchange Hacks/Scams/Frauds

Orderly Network Discord Server Compromised > > < < Kylian Mbappe Twitter Account Compromise

Sources/Further Reading

SlowMist Hacked - SlowMist Zone (Dec 31)
@shadid_io Twitter (Dec 31)
@shadid_io Twitter (Dec 31)
Wayback Machine (Dec 31)
https://ionet-web.com/ (Dec 31)
$IO price today, IO to USD live price, marketcap and chart | CoinMarketCap (Dec 31)
io.net (Dec 31)
docs.io.net v2 (Dec 31)
Get Started - IO Cloud (Dec 31)
Get Started - IO Worker (Dec 31)
Why ionet is Important?. What is ionet | by Tharkunas | Mar, 2024 | Medium (Dec 31)
@ionet Twitter (Dec 31)
@woleswoosh Twitter (Dec 31)
@MicroSound_ Twitter (Dec 31)
@0xkh1n Twitter (Dec 31)
@AstroG1089 Twitter (Dec 31)
@Harshku3813 Twitter (Dec 31)
@Str_DegenJ Twitter (Dec 31)
@simo___001 Twitter (Dec 31)
@Bauzz_ Twitter (Dec 31)
@Bugyman531 Twitter (Dec 31)
@pandaly520 Twitter (Dec 31)
@bats4 Twitter (Dec 31)
@De_FiSecurity Twitter (Dec 31)
@TigresaPolishCm Twitter (Dec 31)
@ericspo29 Twitter (Dec 31)
@grayfoxdefi Twitter (Dec 31)
@ate_bites Twitter (Dec 31)
@Local_sec Twitter (Dec 31)
@binenetxyz Twitter (Dec 31)
@GoPlusZH Twitter (Dec 31)
@CoinEdition Twitter (Dec 31)
@ArakumaIOnet Twitter (Dec 31)
@gear7cz Twitter (Dec 31)
@ArakumaIOnet Twitter (Dec 31)
@minerfredz Twitter (Dec 31)
@cyy7025219 Twitter (Dec 31)
@0xmashi Twitter (Dec 31)
@The_NewsCrypto Twitter (Dec 31)
@CyversAlerts Twitter (Dec 31)
@PeckShieldAlert Twitter (Dec 31)
@CertiKAlert Twitter (Dec 31)
@web3_watchdog Twitter (Dec 31)
@GoPlusSecWareX Twitter (Dec 31)


Join Us!

Name: Email:

t.me/QuadrigaInitiative /r/QuadrigaInitiative @QuadrigaInit info@quadrigainitiative.com

Sign-Ups: 100%

Your use of this site/service accepts the Terms of Use and Privacy Policy. This site is not associated with Ernst & Young, Miller Thompson, or the Official Committee of Affected User. For questions or enquiries, email info@quadrigainitiative.com.