This week, SIM swappers were linked to the FTX hack, AI-generated fake IDs likely bypassed crypto KYC checks, the Treasury addressed the illicit use of crypto, the SEC increased crypto oversight, Quantstamp released January's crypto hack statistics, and South Korea introduced a crypto crime law.
This week, a Ripple co-founder and a karaoke platform were hacked, Mexican crypto banks were targeted, authorities seized crypto in the U.S. and Germany, the DOJ made charges in crypto cases, people pleaded guilty to money laundering and SIM swapping, monero was traced, and FTX will not restart.
U.S. federal prosecutors charged a Florida teenager allegedly involved in a cryptocurrency theft scam that stole at least $800,000 from a minimum of five victims. The suspect, Noah Michael Urban, 19, is part of a cybercriminal group known as Scattered Spider or 0ktapus, reported Brian Krebs.
This week, Chainalysis reviewed 2023 crypto trends, Blockfence uncovered a $32 million rug pull, the U.S. CFTC cracked down on alleged pig butchering, the ex-IcomTech CEO was sentenced, hackers stole millions from Gamee, Socket recovered funds, and hackers exploited a flaw in Mailer Lite.
A federal judge sentenced "Pompompurin," the administrator of a now-defunct data breach marketplace, to 20 years of supervised release - instead of the recommended 15-year prison sentence - for his role in BreachForums, once considered the largest English-language data breach forum of its kind.
In the latest weekly update, ISMG editors discussed why crypto-seeking drainer scam-as-a-service operations are thriving, a novel legal move that recovered a hospital's stolen data, and a ground-breaking case involving bitcoin that could streamline recovery for victims.
This week, the U.S. SEC assessed its X account hack, attackers stole $3.3M from Socket, Do Kwon got a new trial date, Alex Mashinsky sought to dismiss charges, Google Play Store removed crypto apps for India users, IRS clarified crypto asset reporting and South Korea mulled crypto mixer legislation.
Digital money is energizing Southeast Asian organized crime as a method for money laundering and as a way of reaping new revenue, warn experts who say that tether plays a heavy role in the rapidly evolving state of law-breaking in Myanmar, Thailand and elsewhere.
Cryptocurrency phishing scams designed to send crypto owners to fake versions of legitimate sites, recently disseminated via hijacked high-profile social media accounts, highlight the ongoing use of drainer scam-as-a-service offerings, which researchers say last year led to $295 million in losses.
Cryptocurrency schemes continue to generate alleged returns for criminals, as two separate cases highlight. One centers on a Ukrainian accused of earning $2 million via cryptojacking, while another involves a U.S. Air Force cyber analyst charged with perpetrating an UndeadApes NFT rug pull.
This week, hackers ran crypto phishing scams on X accounts, the SEC approved bitcoin ETP, hackers stole $3.4 million from Gamma, dYdX detailed post-hack steps, CertiK published 2023 hack stats, TRM Labs discussed North Korean hacking and Apple India blocked users from offshore crypto exchanges.
Google Cloud's Mandiant says its account at X, formerly Twitter, was hijacked and used to link to cryptocurrency phishing pages after an attacker guessed the account password, apparently after Twitter last year deactivated the account's SMS-based two-factor authentication, leaving it unprotected.
Criminals have built highly successful business models by hacking into a wide range of organizations at will. University professor John Walker warned that the world is witnessing the unintended consequences of our collective inability to secure assets - kinetic threats to global stability.
A new cryptomining campaign uses a quirkily customized Mirai botnet to spread cryptomining malware designed to hide the digital wallet that collects the ill-gotten gains. Security researchers at Akamai dubbed the Mirai variation NoaBot when it first appeared in early 2023.
The U.S. Securities and Exchange Commission said it is probing the "compromise" of its X - formerly known as Twitter - social media accounts after a hacker broadcast a fake post claiming the agency had approved spot bitcoin exchange-traded funds, which sent the value of bitcoin rocketing.
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