This week, hackers stole $70 million from CoinEx, FTX resumed online claims, Balancer suffered a breach, Celsius creditors are targets of phishing, nearly $900,000 was stolen from Mark Cuban's hot wallet, Malta prepares for crypto regulation and Hong Kong cracked down on illicit crypto exchanges.
This week, Vitalik Buterin was the victim of a SIM swapping attack, North Korea likely orchestrated the $55 million CoinEx hack, OneCoin co-founder Karl Sebastian Greenwood was sentenced to 20 years in prison and former FTX executive Ryan Salame will reportedly plead guilty to criminal charges.
This week's roundup includes an update on the Tornado Cash case, a proposal for a law-abiding crypto mixer, August hack numbers, Stake's resumption of operations, Binance's delisting of privacy coins in Belgium and a court order against the CEO of Celsius.
This week, Cypher rolled out a futuristic compensation plan for victims, hackers exploited crypto users via a WinRAR bug and separately stole $900,000 from Balancer, the DEA lost $500K to a crypto scammer and the EU Data Act's smart contract provision raised questions.
Kroll is warning claimants in three major cryptocurrency bankruptcy cases that hackers obtained their personal data after the attacker convinced a mobile carrier to redirect an employee's phone number to their own device. Hackers appear to have already begun a phishing campaign.
In the latest weekly update, ISMG editors discuss the shifting dynamics of cyber insurance, why APAC is approaching privacy regulations around emerging technologies, and how U.S. authorities charged the co-founders of cryptocurrency mixer Tornado Cash with money laundering.
This week, charges were filed against Tornado Cash founders, the FBI found North Korean bitcoin wallets holding stolen cash, theft occurred in the Exactly and Harbor protocols, Venus Protocol liquidated a hacker's wallet, Terra paused operations, and Thailand threatened Meta over crypto scam ads.
A likely Russian toolkit dubbed Telekopye by security researchers lets thieves focus on honing their social engineering skills without having to worry about the technical side of online scamming. Users dub victims "Mammoths," leading security firm Eset to christen Telekopye customers "Neanderthals."
North Korea is on track to have a middling year of cryptocurrency theft despite Pyongyang's constant demand for ready cash. Hackers deployed by the totalitarian regime have stolen $200 million in cryptocurrency this year, far less than the country's banner year of cryptocurrency theft in 2022.
In the latest weekly update, ISMG editors discuss the White House's debut of a $20 million contest to exterminate bugs with AI, a New York man admitting to being behind the Bitfinex hack, and a new malware campaign that is targeting newbie cybercriminals in order to steal sensitive information.
In this week's roundup of digital assets-related cybersecurity incidents, Fireblocks found bugs in 15 crypto wallets, Curve Finance recouped most stolen funds, ethereum saw a high flow of illicit funds, the NFT faded more, the U.K. posted crypto crimes jobs and South Korea arrested Bitsonic's CEO.
Ilya "Dutch" Lichtenstein, 35, confessed in U.S. federal court to hacking billions of dollars from virtual currency exchange Bitfinex and laundering stolen funds with his 33-year-old wife, Heather Morgan. Lichtenstein pleaded guilty to conspiracy to commit money laundering.
ISMG's roundup of digital assets-related cybersecurity incidents includes Kenya, France and Germany's probe into WorldCoin; July security incidents; Curve Finance and LeetSwap theft; the crypto amendment in the NDAA; and India's lack of crypto regulation.
Ukraine blocked an illicit money laundering network operating across the country that made use of sanctioned Russian payment systems and cryptocurrency exchanges to convert Russian rubles into Ukrainian hryvnia. The "black money exchanges" network processed more than $4 million monthly.
Between July 21 and 27, Worldcoin set off security and privacy alarms; threat actors stole from AlphaPo, CoinsPaid, Era Lend and Conic Finance; hackers set a cryptojacking record; Apple users became the target of a crypto-stealing malware and the DOJ merged its computer crime and crypto crime units.
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