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Crypto-stealing malware discovered in Python Package Index — Checkmarx
11.10.2024
According to cybersecurity firm Hacken, financial losses from crypto hacks topped $440 million in the third quarter of 2024
FBI Warns Investors of Growing Crypto Scams Amid Billion-Dollar Losses
11.10.2024
The Federal Bureau of Investigation (FBI) has issued a warning to cryptocurrency investors, highlighting a surge in scams, particularly targeting retirees and the elderly. FBI experts explain how scammers trick victims into fake crypto investments and scare them into handing over more funds before...
US Sentences Nigerian Darknet Fraud Leader to Five Years in Prison for $6M Scheme
21.9.2024
A Nigerian national has been sentenced to five years in federal prison for his role in a massive darknet fraud scheme that intended to cause over $6 million in losses, according to the U.S. Department of Justice (DOJ). Using various online aliases, Kaura led a global network selling stolen payment...
Google Faces Lawsuit After $5M in Crypto Stolen via Play Store App
18.8.2024
A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in cryptocurrency. Vaca claims the app, Yobit Pro, exploited Google’s marketing...
Singapore Police Warn About ‘Crypto Drainers’ Stealing Cryptocurrencies From Wallets
3.2.2024
Singapore’s Police Force and Cyber Security Agency (CSA) have issued a joint warning about “crypto drainer” malware, which steals cryptocurrencies from wallets. As digital assets become more popular, “Cybercriminals are increasingly leveraging crypto drainers to target...
Singapore Authorities Raise Concerns Around Crypto Draining Kits
1.2.2024
Singapore police authority and the Cyber Security Agency of Singapore have raised concerns around cryptocurrency draining kits. In a joint statement, the authorities warned that cybercriminals are increasingly leveraging cryptocurrency drainers and targeting owners of digital wallets. (1/2) As...
Lesotho’s Entire Payment System Reportedly Goes Offline After Cyberattack
16.12.2023
The Central Bank of Lesotho recently confirmed that its payment system was attacked by unknown cybercriminals. The bank also acknowledged that the resulting downtime is making it “impossible for all local banks to honor inter-bank transactions in the country.” No Financial Loss Suffered...
4 Common Cybersecurity Risks To Your Crypto Wallet
23.11.2023
Crypto wallets are vulnerable to hacking. In 2022, cybercriminals stole 3.8 billion worth of crypto. For this year, it’s still not clear how much crypto has been stolen altogether, but it’s estimated that 1.89 billion has been taken from heists alone. What are some of the common cybersecurity...
40 Countries Pledge to Combat Ransomware and Disrupt Cybercriminal Funding Through AI-Driven Blockchain Analysis
1.11.2023
A U.S.-led alliance comprising forty countries has committed to signing a pledge that they will never pay ransom to cybercriminals. The initiative, known as the International Counter Ransomware Initiative, is intended to eliminate the funding mechanism for hackers, Reuters reported, citing a senior...
Cybercriminals Use Dexs and Crypto Cross-Chain Services to Launder $7 Billion — Elliptic
10.10.2023
According to the findings of a research study by Elliptic, cybercriminals are believed to have used crypto cross-chain bridges and coin swap services to launder $7 billion worth of “illicit or high-risk funds.” The Lazarus Group, a cybercriminal organization said to be backed by North...
High Proliferation of Crypto Scams in Africa Linked to Limited Educational Efforts — Mitroplus Labs Founder
29.8.2023
According to Ivaibi Festo, the founder of Mitroplus Labs, a crypto and blockchain education organization, cybercriminals continue to find success in Africa because not enough is being done to educate residents on the basics of digital assets or the technology that underpins such assets. To make...
Cybercriminals Use Crypto Gaming to Steal Millions — Philippines National Police
19.8.2023
The cybercrime fighting unit within the Philippines National Police has asked residents to be wary of rewards promised by play-to-earn (P2E) games because they can be used to steal crypto assets worth millions of dollars. The unit said players can reduce the chances of losing money to scammers...
Mining Pools Are the New Mixers For Cybercriminals: Chainalysis
15.6.2023
Hackers have a new way to recycle their ill-gotten crypto gains
Crypto Hacks Plunge 70% in Q1 2023, Victims Recover Over Half of Stolen Funds, but Experts Warn of Temporary Relief
25.5.2023
On May 22, 2023, a report released by the blockchain analysis firm TRM Labs delved into nearly 40 hacks and assaults on cryptocurrency projects within the first quarter, discovering a 70% decline in incidents over the previous three months. The study says the slowdown is probably temporary, with...
Report: North Korea Affiliated Cybercriminals Stole $721 Milion Worth Crypto Assets From Japan
18.5.2023
Between 2017 and 2022, hacking groups affiliated with North Korea are thought to have stolen crypto assets worth $721 million from Japan alone. According to the findings of a study by Elliptic, hackers were primarily focused on Japan and Vietnam because operators from the two countries had...
Report: Hackers Breach AT&T Email Accounts, Steal Victims’ Crypto Funds
28.4.2023
Cybercriminals have reportedly breached AT&T email accounts and are using the access gained to steal crypto assets from their victims. While a spokesperson for AT&T has denied claims that hackers have gained access to the company’s internal systems, a report suggests that as much...
Report: US Revenue Collector IRS to Send Four Crypto Crime Investigation Agents Abroad
24.4.2023
The Internal Revenue Service (IRS) is planning to send investigators to four countries where they are expected to tackle the use of crypto and decentralized finance products in global financial and tax crimes. According to the tax collector’s spokesperson, the IRS will be able to determine...
Trustwave Spiderlabs Researchers Warn of New Strain of Malware That Drains Crypto Funds
8.4.2023
According to researchers at Trustwave Spiderlabs, a strain of malware known as Rilide is believed to be helping cybercriminals steal funds from cryptocurrency exchanges. Although the steps being taken to tackle this malware are likely to make life more difficult for cybercriminals, two researchers...
US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto
6.4.2023
The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.”...
Seoul Sanctions North Korea Over Crypto Theft
12.2.2023
South Korea has imposed sanctions on the North in relation to a number of cyberattacks often resulting in the theft of cryptocurrency. The authorities in Seoul say the regime in Pyongyang is using the digital assets to fund its nuclear and missile development projects. South Korea Hits North Korean...