Coinbase said 69,461 customers were initially impacted by the breach, but fears remain over the threat of real-world robberies.
North Korea-affiliated hackers stole at least $1.34 billion worth of digital assets in 2024.
Crimeware-as-a-service fuels cybercrime in crypto. Explore its impact, tactics used and key steps to safeguard your wallets and transactions.
Data security is broken and blockchain holds the key, says David Attermann.
In a fortunate move, the Vietnamese authorities were able to successfully dismantle a large-scale cryptocurrency scam orchestrated by a company called ‘Million Smiles,’ protecting nearly 300 potential victims from financial exploitation. The scheme, built around a fictitious token called QFS (Quantum Financial System), had already swindled approximately $1.17 million (30 billion VND) from around 400 […]
The US Department of Justice has announced the sentencing of Michael Joseph McElhiney, a Spokane resident, to over three years in federal prison for operating a fraudulent crypto investment scheme. The fraud, which spanned over a year, defrauded multiple investors of more than $350,000. The sentencing, handed down by United States District Judge Thomas O. […]
According to Immunefi, year-to-date losses from crypto hacks, exploits, and scams have topped $1.4 billion as of November 2024.
South Korean authorities have officially identified North Korean hackers as the perpetrators of a major Ethereum heist in 2019, marking a significant breakthrough in the investigation. The stolen cryptocurrency, valued at 58 billion won (approximately $55.7 million) at the time, was traced to North Korea’s Reconnaissance General Bureau, a military intelligence agency. The hackers reportedly […]
Tether is back in the spotlight, this time for assisting the authorities in solving a crypto crime. According to multiple reports, the stablecoin firm recently helped the Ontario Provincial Police in a crypto robbery worth $10,000 CAD. Tether worked with the Cyber Investigations Team to recover the lost funds, showcasing the company’s increasing commitment to […]
The stablecoin firm previously came under fire from Wyoming Senator Cynthia Lummis for allegedly facilitating illicit finance activities.
According to cybersecurity firm Recorded Future, North Korean hacker groups have stolen approximately $3 billion in funds since 2017.
According to security firm CertiK, crypto losses in Q3 2024 are up 9.5%, with more than $750 million in total funds stolen by threat actors.
Hong Kong authorities have dismantled a HK$360 million ($46.3 million) cryptocurrency-based romance fraud scheme in a significant crackdown on fraud operations. This scheme, which targeted individuals over a year, reportedly lured victims into investing in cryptocurrencies under the guise of online romantic relationships. Related Reading: Expert Analysis: Why Ethereum And Bitcoin ETFs Struggle To Gain Traction […]
Ilya Lichtenstein, who stole 120,000 Bitcoin in a 2016 hack on Bitfinex, should receive a reduced sentence of five-years in prison, prosecutors say.
TD Bank, one of the largest financial institutions in the US, has come under intense crypto scrutiny after being hit with the largest penalty ever imposed under the Bank Secrecy Act (BSA). The $3.09 billion fine stems from allegations of failing to report suspicious activities, including significant cryptocurrency-related transactions. The US Department of Justice (DOJ) […]
According to PeckShieldAlert, losses from crypto hacks and exploits accounted for over $120 million in losses during September 2024.
The attacker used a “proxy” function to swipe victims’ USDC balances, but only a small number of Google login users have been affected.
The attacker used a “proxy” function to swipe victims’ USDC balances, but only a small number of Google login users have been affected.
According to crypto security firm Scam Sniffer, 9,145 users were victims of phishing attacks during August 2024, losing funds as a result.
According to crypto security firm Scam Sniffer, 9,145 users were victims of phishing attacks during August 2024 and lost funds as a result.
Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.
Private investigation firm Lionsgate claims it can help recover stolen crypto when going straight to the police fails.
Ian Rogers of Ledger stresses the importance of self-custody and warns against complacency during crypto market booms.
According to a recent Chainalysis report, thefts resulting from crypto hacks and exploits have totaled $1.58 billion in 2024.
The “Cryptoqueen” has not been seen since 2017, as investigative authorities worldwide continue to seek information on her whereabouts.
China, a country known for its stringent regulations against cryptocurrencies, has recently witnessed a new instance of cryptocurrency-related fraud. This rise in fraud is particularly noteworthy for China, given that while other countries embrace the crypto industry, China chose to implement a nationwide ban on cryptocurrency activities. Unraveling the Scam: A Detailed Breakdown According to […]
Australian authorities sentenced a man who had used other people’s identities to open accounts on crypto exchanges.
NIST allocated nearly $3.6 million in cooperative agreements to enhance the cybersecurity workforce aiming to combat the growing threat of cyberattacks.
Elon Musk rolled out the paid verification model on X, earlier known as “Twitter Blue,” to fight the scammers and spammers thriving on the platform before his takeover.
Zhang Xiaojin, the director of China's Fourth Procuratorate of the Supreme People’s Procuratorate, reportedly cautioned against crypto investment scams for citizens and digital asset participants.