Russia’s primary federal investigative agency announced a rare and sweeping investigation into the United States-sanctioned cryptocurrency exchange Cryptex and other platforms used to carry out illegal transactions and launder millions from ransomware groups.
This week, a guilty plea for $37M stolen, a $3.8M Onyx hack, a first conviction for illegal crypto ATM operations, Zort owner fraud, WazirX's post-hack liability, U.S. congressmen ask for Binance exec's release, a U.S. court denied Tornado Cash exec's motion and a SEC-Mango Markets settlement.
This week, BingX, Truflation, OpenAI X account hacked; Germany shut 47 exchanges; Caroline Ellison sentenced; two got crypto theft charges; one got crypto scam fine; Banana Gun will refund victims; WazirX, Liminal in dispute; SEC settled with TrueCoin, TrustToken; CFTC may settle with Mango Markets.
China's Ministry of State Security has accused a Taiwanese government agency of waging cyberattacks on the mainland's digital assets across multiple organizations and running disinformation campaigns on social media to disrupt the political system and sow social discord.
This week, Delta Prime and Ethena were hacked, Lazarus' funds were frozen, the SEC settled with Prager Metis and Rari Capital, Sam Bankman-Fried sought a new trial, the SEC accused NanoBit and CoinW6 of scams, the CTFC sought to fight pig butchering, and Wormhole integrated World ID and Solana.
This week, Indodax was hacked, Angel Drainer resurfaced, Russia developed Infra crypto, GS Partners settled with U.S. states, Caroline Ellison to be sentenced Sept. 24, FCA prosecuted first unregistered crypto case, Nigeria set new crypto regulations, and India may approve offshore crypto firms.
The FBI's Internet Crime Complaint Center on Monday issued a report revealing victims filed more than 69,000 public complaints related to cryptocurrency fraud and $5.6 billion in financial losses in 2023, while investment scams made up the bulk of losses throughout the year.
This week, pig-butchering scams and bitcoin ATM scams increased, an update in the FTX case, stolen WazirX funds were laundered, settlements in the SEC-Galois and CFTC-Uniswap cases, Scotland seized crypto in a robbery, North Korea targeted Web3 staff, and the Mt. Gox CEO launched a new crypto firm.
This week, the SEC sent OpenSea a Wells notice, WazirX sought protection from creditors, Ryan Salame reconsidered his guilty plea, objections to the FTX bankruptcy reorganization plan were filed, U.S. police recovered pig-butchering scam funds, and Colombia accused Worldcoin of privacy violations.
This week, Binance, ASX and Google sued; Solana users targeted; McDonalds' X account hacked; Mango Markets and SEC settled; China updated AML law; sentencing in the HTSB case; arrest in the BitConnect case; Australia shuttered 615 scams; Malaysia adopted Worldcoin, arrested crypto thieves.
Illegal gambling operations depend on trafficked individuals to perform cybercriminal activities. Threat researchers at Infoblox explain how cybercriminals use trafficked people for operations such as pig-butchering scams and leverage European sports sponsorships to boost illegal gambling websites.
This week, FTX settled with the CFTC, the Mango Markets hacker sought dismissal of charges, WazirX said it will reverse trades, Solana fixed a vulnerability, the SEC sued NovaTech and settled with Ideanomics, and researchers discovered a new way to steal crypto private keys.
Your secret weapon to combat cyber threats might be just under your nose! Cybercriminals continue to exploit vulnerabilities while upping their game with new and more sinister attack methods. The human firewall is your cybersecurity ace in the hole.
But how resilient are your users when it comes to fending off...
Every week, ISMG rounds up cybersecurity incidents in digital assets. This week, a $12M white hat hack on Ronin Bridge, Cryptonator indictment, potential prison sentence in Crypto.com case, a $212K Convergence hack, Do Kwon's extradition, and the FBI published a scam warning.
The 2024 NICE Actimize Fraud Insights report explores industry-wide fraud trends, highlighting what poses the most risk for financial institutions and their customers. Unlock critical insights with this comprehensive analysis, developed by data scientists and fraud experts using NICE Actimize’s collective...
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