Fraudsters sell non-existent TP-Link equipment for cryptocurrency mining

Ads for a router that allegedly has a cryptocurrency mining function have appeared online. This was reported by Tom’s Hardware.

As it became known to journalists, the unusual router was advertised by an unknown company called TP-Link ASIC. The press release stated that the device allows organizing a wireless network, supports the new Wi-Fi 7 technology, and can also mine cryptocurrency during operation. The authors of the announcement noted that the new product is more powerful than the RTX 4090 graphics card popular among miners.

The TP-Link ASIC router was priced at $ 1,440. Later, the authors of the publication contacted representatives of the network equipment manufacturer TP-Link, and they confirmed that they had no relation to the router and the TP-Link ASIC division. Based on this, the journalists concluded that unknown fraudsters had invented a fake technology and asked for money for it.

Experts noted that the advertisement for the non-existent router was very well done. In particular, its authors described the characteristics of the device in detail, saying that the device has active cooling and consumes 1200 watts at full load.