Crypto is generally perceived as a risky investment, and while there is some truth to that, no one can ignore the utility of digital assets. Bitcoin and other similar cryptocurrencies were created with a purpose in mind; thus, they have different real-world applications. If you’re wondering what you can do with digital currencies, this article …
The FBI has formally attributed the hack of the Harmony cryptocurrency bridge platform to Lazarus, a cyber-espionage group working for the North Korean government. The Harmony crypto-heist took place on June 23, 2022, and resulted in the theft of $100 million in cryptocurrency assets. Less than a week after the incident, blockchain tracking company Elliptic …
After several years of sustained “growth,” 2022 was the first time that the volume of cryptocurrency transactions linked to criminal activity saw a decline (they actually went up, but if we remove the sanctions category, which is more of a gray area, they went down). Several categories, such as ransomware, scams, darknet markets, financial fraud …
Updated on 2022-12-29 The DoJ filed criminal charges against a hacker for stealing approximately $110 million in a fraud scheme targeting Mango Markets cryptocurrency exchange. Read more: U.S. charges fraud in Mango crypto manipulation case Updated on 2022-12-28: “Highly profitable trading strategy” hacker detained The US has charged and detained cryptocurrency trader Avraham Eisenberg, an …
Question Are there any viable options for cryptocurrency mining available in the present day? Ethereum has discontinued mining afte switched to proof-of-stake model, and Bitcoin requires a substantial amount of data processing power. Are there any other cryptocurrencies that can be mined? Answer 1 It is not economically feasible for individuals to mine profitably. This …
Updated on 2022-12-22 The FBI warned against threat actors using search engine ads to promote websites propagating ransomware or exfiltrating login credentials from crypto exchanges and financial institutions. Read more: Cyber Criminals Impersonating Brands Using Search Engine Advertisement Services to Defraud Users Overview: FBI recommends ad blockers In a PSA this week, the FBI recommended …
Updated on 2022-12-20: Crypto users claim Gemini email leak occurred much earlier than first reported On 14 Dec, Cointelegraph brought forward revelations about the leak of 5.7 million customer email addresses and partial phone numbers from Gemini crypto exchange. Shortly after, it says multiple users reached out alleging that the leak, which Gemini attributes to …
Crypto exchanges aren’t doing so great at the moment. The latest on FTX, Gemini crypto exchange email leak, Binance might money laundering charges and defunct crypto exchange Quadriga sees bitcoin from wallets thought to be held by its supposedly ‘dead’ founder move for the first time since 2018…. The original PayPal founders say it has …
The US Department of Justice is reportedly considering charging executives of Binance, the world’s largest cryptocurrency exchange, with various criminal charges, including for money laundering and sanctions violations. This comes after the recent collapse of the FTX cryptocurrency exchange and this week’s arrest and indictment of its founder and former CEO Sam Bankman-Fried. Before it …
Updated on 2022-12-07: DEV-0139 Microsoft’s security team says they spotted a new threat actor they are calling DEV-0139 that has spent the past months targeting cryptocurrency organizations. The group stands out among other threat actors targeting the cryptocurrency space because they operate by impersonating representatives of known cryptocurrency platforms in order to join select and …
Updated on 2022-12-07: Helio crypto-heist Apparently, as Binance was working with Ankr to prevent the hacker from stealing BNB coins, this left the door open for another attacker to exploit the Helio platform and steal $15 million. See CoinDesk’s explanation for what happened. It’s hard to keep track of the card castle that cryptocurrency protocols …
The third crypto mogul in a month has mysteriously died, this week it’s a Russian with alleged ties with Moscow’s foreign intelligence in an unexplained helicopter crash. Liquidators for now defunct crypto fund Three Arrows Capital (3AC) can’t find its founders so are now looking to serve legal documents via Twitter. More crypto exchanges have …
A UK high court judge has ordered half a dozen cryptocurrency exchanges to divulge the identities of account holders allegedly linked to a 2020 cryptocurrency heist. The incident involved the theft of what was worth at the time $10.7 million in digital assets. In his ruling, High Court Justice Christopher Butcher said the exchanges must …
The chief prosecutor of the Bahamas has said that FTX is under active investigation, as the collapse of the exchange has left a wake of unemployment on the island. The exchange’s controlling stake in a tiny US bank has raised suspicious eyebrows, and crypto lender BlockFi is the latest to file for bankruptcy, as Chainalysis …
The collapse of crypto exchange FTX has continued to affect crypto markets and many crypto companies, with users losing trust in centralised crypto exchanges and fast withdrawing their funds. FTX is being investigated for fraud, and bankruptcy documents reveal amongst other things a ‘complete failure of corporate control, that FTX ‘loaned’ founder SBF $1 billion …
