cybercrime

Issuance of a central bank digital currency (CBDC) requires adequate attention to security, the Bank for International Settlements (BIS) reminded central bankers in a report on Nov. 29. An integrated risk-management framework should be in place starting at the research stage, and security should ...

The attacker who drained $46 million from KyberSwap relied on a “complex and carefully engineered smart contract exploit” to carry out the attack, according to a social media thread by Ambient exchange founder Doug Colkitt. Colkitt labeled the exploit an “infinite mo ...

Australian authorities will oblige local companies to be fully transparent and report any ransomware cyberattacks on their businesses. The country’s economy lost $2.59 billion to cybercrimes in 2021. As reported by the Australian on Nov. 13, the national cybersecurity strategy, which ...

The Chinese government released a statement on Nov. 10 declaring that anyone stealing digital collections, such as nonfungible tokens (NFTs), will be subject to theft sentences. It outlines three views on the type of crime that theft of digital collections falls under, the first two c ...

Ethereum co-founder Vitalik Buterin recently authored a research paper, the primary focus of which was integrating privacy features into blockchain transactions while ensuring compliance with a range of regulatory requirements.Experts from various backgrounds collaborated on this research ...

Criminals in Sweden are specifically targeting prominent local Bitcoin figures, which appears to be the result of ease of access to personal information and residential addresses in the country.Reports from Swedish media outlets LT and Aftonbladet have linked separate robberies in Rön ...

The annual report from India’s Ministry of Home Affairs (MHA) revealed that officials from various cybercrime and police departments were trained in cryptocurrency forensics and investigation during the financial year 2022-23.The MHA, or the Home Ministry, highlighted that under the Narcot ...

Reacting to the rising attempts from bad actors to dupe crypto investors, the United Kingdom’s National Crime Agency (NCA) plans to form a specialized cryptocurrency and virtual assets team to counter the issue.The NCA posted a job opening on Nov. 4, looking to hire six individuals to crea ...

Lazarus Group used a new form of malware in an attempt to compromise a crypto exchange, according to an October 31 report from Elastic Security Labs. Elastic has named the new malware “KANDYKORN” and the loader program that loads it into memory “SUGARLOAD,” as the loader file has a novel “ ...

Web3 theft hit a low point for the year so far in October, CertiK reported. Losses to hacks, exploits and scams confirmed by the blockchain security firm amounted to $32.2 million for the month across 38 incidents, with no single incident leading to a loss of over $7 million.Compared to th ...

Stablecoin issuer Tether has moved to freeze 32 addresses linked to terrorist activity in Israel and Ukraine in collaboration with local law enforcement agencies.$873,118 worth of USDT linked to illicit activity in Israel and Ukraine have been frozen, according to announcement from the com ...

Blockchain analysis experts have uncovered an individual allegedly linked to a cryptocurrency money laundering operation selling stolen tokens from recent high-profile exchange hacks at discounted rates. These investigations led to an individual who is reportedly selling stolen cryptocurrency tokens ...

Hong Kong's cryptocurrency exchange, CoinEx, recently disclosed a security breach resulting in hackers making off with more than $70 million in tokens. CoinEx has been actively investigating the incident and is working on deploying a new wallet system to restore both user access and platform functio ...

The $41 million hack of crypto gambling site Stake was carried out by the North Korean Lazarus Group, the Federal Bureau of Investigation (FBI) stated in an announcement on Sept. 7. This group has stolen more than $200 million of crypto in 2023, the announcement stated. ...

The developers behind file compression software WinRAR have patched a zero-day vulnerability that allowed hackers to install malware onto unsuspecting victims' computers, enabling them to hack into their crypto and stock trading accounts. On Aug. 23, Singapore-based cybersecurity firm Group-IB re ...

Palo Alto Networks CEO Nikesh Arora has urged companies to modernize their cybersecurity systems, cautioning that bad actors have become much faster at breaching company defenses than ever before. Speaking to Jim Cramer on CNBC’s “Mad Money” on Aug. 21, the cybersecurity firm CEO said that compan ...

The hacker accessed phone numbers and stole $20 million worth of crypto assets. The identity of the criminal and his accomplices has been established. A California federal court sentenced the man to three years in prison. Pennsylvania attacker Anthony ...

DPRK-linked hackers stole $180 million worth of digital assets in the first half of 2023 alone, local media reported. They also stole the data of about 1,000 credit cards. South Korea's National Intelligence Service (NIS) said that DPRK-linked hackers stole virtu ...

Public companies in the United States, including listed crypto firms, will be required to disclose any major cybersecurity incidents within a four-day time limit, under new rules adopted by the United States securities regulator.The rules from the United States Securities and Exc ...

Cryptocurrency payments platform CoinsPaid has pointed the finger at North Korean state-backed Lazarus Group as being behind the hacking of its internal systems, which allowed them to steal $37.3 million on July 22.“We suspect Lazarus Group, one of the most powerful hacker organisati ...

The Diabolic Drive’s name sounds as ominous as its potential payload. The recently developed USB wireless keystroke injection tool is intended to stress test networks, but could it potentially be used as a means to steal cryptocurrency from unwitting users?The new gadget is set to be ...

A former security engineer for an international technology firm has been arrested and charged for allegedly using a smart contract bug to steal $9 million in cryptocurrency from a Solana-based decentralized crypto exchange.On June 11, the United States Attorney for the Southern District of ...

Yield Protocol announced on June 27 that it had fully recovered from the Euler flash loan attack. Liquidity providers can now update their strategy tokens, the protocol said on Twitter. That was the last step to protocol restoration after “a long journey.”Yield Protocol was one ...

Cryptocurrency brokerage firm Floating Point Group (FPG) has confirmed it has halted trading, withdrawals and deposits on its platform after falling victim to a cyberattack on June 11. FPG estimates the attack resulted in a total loss of between $15 million and $20 million.According to a J ...

Pro-XRP lawyer, John Deaton, suffered a phone hack on June 4 amid a relentless cyberattack over several days.CryptoLaw, an account created by the attorney representing over 76,000 XRP (XRP) tokenholders in the Ripple vs. United States Securities and Exchange Commission (SEC) lawsuit, ...

The level of acceptance among the public will be extremely low The Central Bank proposes a study on the real demand for cryptocurrencies After that, the regulator and government promise to consult on a regulatory framework for the industry The Kenyan ...

Cryptocurrency exchange Binance said that at the request of U.S. authorities froze crypto-assets worth $4.4 million associated with organizations from North Korea. Binance Investigations worked with U.S. law enforcement to thwart the "illegal revenue-generating activities ...

Sekoia analysts have reported that the North Korean hacker group BlueNoroff is attacking macOS users with a malware called RustBucket. The malware report was originally published by the Jamf platform. It was later supplemented and analyzed by the Sekoia team. Software ...

Despite the lack of practical solutions for meta-universes, international regulators will hit the virtual reality market. Metaworlds will become a new "battleground" for regulators. This was the opinion of analysts of the blockchain firm Elliptic in their report. Experts believe that regulator ...

This hacker made a living off of the ransomware programs Hive, LockBit and Babuk Police are now actively looking for him The U.S. State Department has imposed sanctions against Russian citizen Mikhail Matveev. The U.S. Treasury Department's Office of Foreign Asse ...

Asset manager BTC Capital Management sued domain provider Domains by Proxy, accusing the company of brokering a bitcoin fraud scheme. The lawsuit, filed by investment firm BTC Capital Management in the U.S. District Court for the Southern District of Iowa, states that Dom ...

A former Ubiquiti employee posed as an anonymous hacker while working for the company and tried to extort $2 million in crypto assets. Nickolas Sharp was arrested in December 2021 and sentenced to six years in prison at the conclusion of the investigation. According to i ...

He made up the news and commercialized it on Baijiahao The criminal used ChatGPT to generate content He faces up to 5 years in prison Police in Gansu province, China, have arrested a man for spreading fakes about a train crash for profit. The suspect ...

It included nine unlicensed cryptocurrency exchanges Their sites were blocked and domains confiscated Law enforcement officials are investigating to determine the names of those involved Yesterday, May 2, the National Police of Ukraine published an of ...

The US Commodity Futures Trading Commission has called for an end to the anonymity of crypto assets, citing concerns over cybercrime and national security. Speaking at a conference in London, CFTC Commissioner Christy Goldsmith Romero highlighted the risks posed by cybercriminals using anonymous ...

The IRS has announced its intention to deploy its staff to multiple countries as part of its efforts to investigate cryptocurrency and DeFi-related crimes. Under a pilot program that runs from June to September 2023, the agency's crypto and cybercrime agents will be working closely with law enfor ...

A Russian national, Denis Dubnikov, has been sentenced to three years of probation and ordered to compensate the victims of his alleged involvement in the distribution of Ryuk ransomware and money laundering. The Federal Court of Oregon has ordered Dubnikov to pay each Ryuk victim $2,000 in compe ...

Calgary, Alberta, Canada's police force has partnered with Chainalysis, an analytical company, to establish the Center for the Investigation of Crimes Related to Cryptocurrencies and Blockchain. The CPS Blockchain Investigation Team (BIT) was formed by the Cybercrime Investigation Unit of the Cal ...

James Zhong was sentenced to a year and a day in prison by the Southern District of New York court due to his involvement in criminal activities related to the theft of over 51,000 BTC from the infamous Silk Road marketplace. In 2012, Zhong was able to hack the Silk Road's withdrawal processing s ...

Trustwave Spiderlabs, a team of security experts, recently discovered a new strain of malware called Rilide that specifically targets users of cryptocurrency exchanges. The Rilide malware is designed to look like a Google Drive extension and utilizes built-in Chrome features to monitor user activ ...

A group of cyber criminals took advantage of a security flaw in the Uniswap decentralized exchange platform, managing to swipe a staggering $25.2 million worth of digital currencies. The attack was allegedly focused on the liquidity pool (LP) of the protocol. A smart contract developer going by t ...

According to analysts from Moody's rating agency, implementation of blockchain technology can bring a multitude of benefits for local authorities, including the ability to issue bonds and streamline budget operations. These benefits may even result in cost reductions of up to 35% for US municipal ...