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.
The U.S. Department of Justice announced Friday that it has wrapped up its investigation of the xDedic dark web marketplace and successfully dismantled the multinational criminal organizations, leading to charges against 19 individuals, including administrators, developers and customer service reps.
This week, hackers took over Mandiant's X account, authorities charged a Nigerian hacker with stealing $7.5 million from charities, the DOJ fined XCast $10 million for illegal robocalls, and attackers exploited an SMTP smuggling flaw in a phishing email campaign.
This week, Orbit Chain lost $81 million in a New Year's Eve hack, Indonesian police shuttered bitcoin mining operations, dYdX named its attacker, $324,000 users fell victim to 2023 crypto phishing scams, Singapore's prime minister had a deepfake problem, and 2023 crypto losses decreased by over 50%.
This week in the cryptocurrency industry, Thunder Terminal successfully prevented a hack, Changpeng Zhao ranking 34th on a list of billionaires, Coinbase refuted a senator's allegations of subverting crypto regulations, and scammers stole $3 million in 24 hours using fake ads.
This week, Ledger looked to reimburse hack victims, NFT Trader suffered a $3 million theft, the U.S. DOJ announced the first criminal case involving a DeFi smart contract, a court approved Binance's settlement with the U.S. CFTC and a Nigerian court sentenced a pig -butchering scammer.
In the latest weekly update, editors at ISMG discuss whether police have seized ransomware group Alphv/BlackCat's data leak site, how fraudsters are adapting their tactics and techniques to exploit advancements in technology, and which cryptocurrency stories shaped the industry this year.
This week: 2023 hacking statistics, order for ex-Binance chief to stay in U.S., a $25M crypto AI scam indictment, a $2.7M OKX hack, a Bitcoin security flaw in the NVD, a Uranium hacker's laundering scheme, NDAA rejection of crypto provisions, and Poloniex on regulator radar.
Hackers are exploiting OAuth applications to compromise user accounts, manipulate and confer elevated privileges, and set up cryptomining operations, which has cost some organizations up to $1.5 million in losses, according to Microsoft's Threat Intelligence team.
The U.K. government has sanctioned 14 individuals and groups that illegally employed human trafficking victims in online crypto and investment scams. Sanctioned individuals include a Chinese national previously targeted by the U.S. Treasury for running a gambling and trafficking business in Laos.
This week, a Bitzlato co-founder pleaded guilty to money laundering charges, a federal judge accepted ex-Binance chief's guilty plea, thieves stole $363M in crypto this November, KyberSwap looks to compensate hack victims, Platypus hackers walked free, and Velodrome and Aerodrome were hacked again.
To service the perpetually cash-starved regime of North Korea, hackers will continue their relentless onslaught on cryptocurrency - and all users of it - with state backing to industrialize their hacking and money laundering capabilities, experts warn.
This week, a KyberSwap hacker demanded total control, the U.S. Treasury called for additional tools to sanction crypto baddies, the Aerodrome and Velodrome DeFi platforms' front ends were hacked, a scam-as-a-service wallet drainer shut down, Indexed Finance thwarted hijacking attempts, and more.
The U.S. federal government Wednesday added cryptocurrency mixer Sinbad.io to a growing blacklist of virtual asset platforms under sanctions that prevent Americans from doing business with them. The FBI seized the Sinbad website in an international operation.
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