Christopher Hamilton, an alleged participant in the multi-billion OneCoin cryptocurrency scheme, faces extradition to the United States from Great Britain. The scheme was allegedly headed by "Cryptoqueen" Ruja Ignatova, who is on the run from law enforcement.
The latest edition of the ISMG Security Report explores the possible unintended consequences of banning ransom payments, the challenges of opening a cyber intel firm during wartime, and the need for more clarity in the regulation of cryptocurrency firms.
Cryptocurrency trading platform Coinbase faces a proposed class action from a user who says poor security led to the theft of $200,000 from his account. Attempts by plaintiff Manish Aggarwal to contact the company turned into a fight with an "impenetrable automated 'customer service' process."
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including implications of the Russia-Ukraine cyberwar, the former CISA director’s somber message to the industry at Black Hat, and how the cryptocurrency landscape is changing.
Hackers looted Bitcoin ATMs of $16,000 in an attack manufacturer General Bytes says stems from a zero day vulnerability accidently introduced in 2020. An executive with the Czech company suggest attackers may have been motivated out of vengeance for its pro-Ukraine stance.
The Identity Theft Resource Center's new report shows a 1,044% increase in social media account hijacking. Banking fraud is also rising, with scammers focusing on using stolen personal data to open new banking and credit card accounts in victims' names, says COO James Lee.
Four ISMG editors discuss how security leaders determine the right level of security for the business, the growing risk of business ID theft to enterprises, and the arrest of a developer suspected of working for cryptocurrency mixing service Tornado Cash, for "facilitating money laundering."
Dutch police have arrested a man accused of working as a developer for Tornado Cash. "He is suspected of involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies via the decentralized Ethereum mixing service," Dutch authorities say.
A high-ranking employee at Bitcoin Mercantile Exchange, or BitMEX, has pleaded guilty to violating the Bank Secrecy Act, which requires financial institutions to help prevent money laundering. The plea by Gregory Dwyer follows BitMEX's three founders all pleading guilty to the same charge.
In the latest weekly update, four editors at Information Security Media Group discuss key takeaways from ISMG's recent Government Summit, how hackers siphoned nearly $200 million from cryptocurrency bridge Nomad and how midsized businesses are the new frontier for ransomware.
The U.S. Department of Justice unsealed its first insider trading case involving cryptocurrency markets, marking an escalation of traditional oversight. The case comes as a federal jury convicted a New York man for defrauding investors who bought into his supposed cryptocurrency.
Hackers used a vulnerability in NFT collection platform Premint to steal more than 300 blockchain entries, netting more than $421,000 in stolen proceeds, all has been deposited into Torando Cash. The incident is among the largest NFT thefts this year. Some Premint users also saw a Rickroll.
Crema Finance has published its compensation and recovery plans following last week's $8.8 million hack on the Solana blockchain-powered concentrated liquidity protocol. The hacker has returned the stolen funds in exchange for a bounty offered by the company.
The Twitter and YouTube accounts of the British Army were briefly taken over on Sunday evening by unidentified hackers who posted content related to cryptocurrency and NFTs. The situation has now been resolved, but the U.K. Ministry of Defense says the investigation is ongoing.
The U.S. Department of Justice is touting a string of indictments against accused cryptocurrency and NFT fraudsters, including against a Vietnamese man who is allegedly behind the Baller Ape rug pull, the largest such NFT fraud to date. Rug pulls are the largest form of cryptocurrency-based crime.
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