This "Wi-Fi 7 cryptomining router" is just an elaborate scam

Bitcoin mining
(Image credit: Pixabay)

Someone has been impersonating networking equipment giant TP-Link, pretending to have built a Wi-Fi router capable of mining cryptocurrencies with super high efficiency levels. 

Among those that fell for the obvious scam was news wire service providers Accesswire, who published a press release from the alleged company, announcing the product.

In the press release, published in early March this year, the company says interested parties would now be able to order its “revolutionary” Mining Router, the NX31. The device, being advertised for $1,440, comes “loaded with features and perks that make it superior to competing miners”, and is “undoubtedly the greatest of its kind and will change the mining industry.”

If these words weren’t enough of a red flag to the readers, then there’s one even better - in two parts of the press release, the company has a different name. In the first sentence, it’s called “TP-Link ASIC”, while further below, it refers to itself as just “TP-Link”. 

At the bottom of the press release is a website inviting interested parties to learn more about the product which, yet again, shows the company as “tplinkasic”.

Finally, representatives of the actual TP-Link responded to queries from Tom’s Hardware and confirmed that it’s not, in any way, affiliated with this product or has anything to do with it. The company is currently investigating the matter and looking to remove the fraudulent press release from newswire websites. 

At the same time, looking at the frauders’ websites, besides the NX31 there is another “miner” they’re selling - the D11 Doge miner (Doge is a joke cryptocurrency and a fork of Bitcoin, often being promoted by Elon Musk), which is being advertised for $570. 

The website does have a shopping cart, but at this time it’s impossible to know how many (if any) victims decided to try and purchase the devices. 

Via: Tom's Hardware

Sead is a seasoned freelance journalist based in Sarajevo, Bosnia and Herzegovina. He writes about IT (cloud, IoT, 5G, VPN) and cybersecurity (ransomware, data breaches, laws and regulations). In his career, spanning more than a decade, he’s written for numerous media outlets, including Al Jazeera Balkans. He’s also held several modules on content writing for Represent Communications.

Read more
A hacker wearing a hoodie sitting at a computer, his face hidden.
I just learned something awful about my home Wi-Fi setup thanks to iFixit’s ‘worst of CES 2025’ awards
botnet
YouTubers targeted by blackmail campaign to promote malware on their channels
Representational image of a cybercriminal
Criminals are spreading malware disguised as DeepSeek AI
Red padlock open on electric circuits network dark red background
CrowdStrike warns of fake job offer scam that is actually just malware
Scam alert
A new SMS energy scam is using Elon Musk’s face to steal your money
Abstract image of robots working in an office environment including creating blueprint of robot arm, making a phone call, and typing on a keyboard
This worrying botnet targets unsecure TP-Link routers - thousands of devices already hacked
Latest in Security
Insecure network with several red platforms connected through glowing data lines and a black hat hacker symbol
Coinbase targeted after recent Github attacks
IBM office logo
IBM to provide platform for flagship cyber skills programme for girls
Oracle
Oracle denies data breach after hacker claims to hold six million records
Hacker silhouette working on a laptop with North Korean flag on the background
North Korea unveils new military unit targeting AI attacks
An image of network security icons for a network encircling a digital blue earth.
US government warns agencies to make sure their backups are safe from NAKIVO security issue
Laptop computer displaying logo of WordPress, a free and open-source content management system (CMS)
This top WordPress plugin could be hiding a worrying security flaw, so be on your guard
Latest in News
A phone showing a ChatGPT app error message
ChatGPT is down for many – here's what's going on
AirPods Max with USB-C in every color
Apple's AirPods Max with USB-C will get lossless audio in April, but you'll need to go wired
A woman sitting in a chair looking at a Windows 11 laptop
It looks like Microsoft might have thought better about banishing Copilot AI shortcut from Windows 11
US flags
US government IT contracts set to be centralized in new Trump order
Tesla Roadster 2
Tesla is still taking deposits on its long overdue Roadster, despite promising it would arrive in 2020
Samsung HW-Q990D soundbar with Halloween theme over the top
Samsung promises to repair soundbars bricked by its disastrous software update for free – but it'll probably involve shipping