Cybercrime Financial News

21.07 / 09:33

defi regulation Altcoin crimes Cybercrime Elliptic Bitcoin Bitcoin no longer asset of choice for criminals - former Elliptic crypto advisor

Crime in Web3 is shifting away from Bitcoin (BTC) to stablecoins while ponzi schemes remain prevalent, according to Elliptic’s former head of technical crypto advisory.

13.07 / 13:55

Blockchain Hackers hacks Cybersecurity security Cybercrime Threat Crypto users USB keystroke injectors still a threat to crypto users

The Diabolic Drive’s name sounds as ominous as its potential payload. The recently developed USB wireless keystroke injection tool is intended to stress test networks, but could it potentially be used as a means to steal cryptocurrency from unwitting users?

12.07 / 06:09

defi Hackers hacks crimes Cybercrime Exploit New York prosecutor charges hacker over $9M exploit of Solana-based exchange

A former security engineer for an international technology firm has been arrested and charged for allegedly using a smart contract bug to steal $9 million in cryptocurrency from a Solana-based decentralized crypto exchange.

28.06 / 12:07

crimes Cybercrime Money laundering Terrorism Bitcoin Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs

According to new research, fewer cybercriminals are turning to Bitcoin as their primary method of moving illicit funds, with bad actors opting to go back to fiat channels or choosing other cryptocurrencies.

27.06 / 18:55

defi hacks Cybersecurity Cybercrime recovery Yield Protocol declares full recovery from Euler hack, awaits user token exchange

Yield Protocol announced on June 27 that it had fully recovered from the Euler flash loan attack. Liquidity providers can now update their strategy tokens, the protocol said on Twitter. That was the last step to protocol restoration after “a long journey.”

26.06 / 13:05

business Adoption Scams crimes Cybercrime Crypto scams How security, education and regulation can mitigate rising crypto scams

Crypto losses to bad actors have significantly increased in the last two years, but cybersecurity experts believe there is no cause for concern, as most new tech is exploited during the early days of its use.

16.06 / 02:58

business Blockchain Hackers hacks Cybersecurity Cybercrime Withdrawals Broker Institutional crypto broker FPG halts withdrawals after $20M cyberattack

Cryptocurrency brokerage firm Floating Point Group (FPG) has confirmed it has halted trading, withdrawals and deposits on its platform after falling victim to a cyberattack on June 11. FPG estimates the attack resulted in a total loss of between $15 million and $20 million.

30.05 / 20:31

business Fraud crimes Cybercrime FTX Some SBF charges will be dropped if Bahamas objects, U.S. prosecutors say

United States prosecutors will drop some of the charges against former FTX CEO Sam Bankman-Fried if the Bahamas government objects to them, according to a document filed on May 29 in the U.S. District Court for the Southern District of New York.

28.05 / 08:33

Blockchain Ethereum Hackers hacks Cybersecurity Cybercrime Arbitrum-based Jimbos Protocol hacked, losing $7M in Ethereum

Adding to the existing number of protocol hacks in the crypto industry, Jimbos Protocol has not escaped the sights of the attackers as it has suffered an attack resulting in a loss of a large amount of funds.

28.05 / 06:15

NFT hacks Cybersecurity Metaverse Cybercrime Police The Hong Kong Police Force launch metaverse platform, ‘CyberDefender’

The cyber security unit of the Hong Kong Police Force have launched CyberDefender, a new metaverse platform designed to educate the public of the potential dangers associated with Web3 and the metaverse.

25.05 / 00:31

Crime IRS Cybercrime IRS Sends Experts Next Month Around the World To Combat Cybercrime With a Focus on Crypto

The US Internal Revenue Service will deploy experts next month to four continents to combat cybercrime, with a particular focus on tax and financial crimes that use cryptocurrency.

24.05 / 07:17

business Binance Cybersecurity Cybercrime KYC AI deepfakes are getting better at spoofing KYC verification: Binance exec

Deepfake technology used by crypto fraudsters to bypass know-your-customer (KYC) verification on crypto exchanges such as Binance is only going to get more advanced, Binance's chief security officer warns.

16.05 / 01:41

Blockchain Law regulation Cybersecurity crimes Cybercrime US Secret Service holds crypto, praises blockchain tech in Reddit AMA

The United States Secret Service owns crypto, has its own NFT collection, and has praised blockchain technology's ability to fight financial crime, Reddit users learned during a recent ask-me-anything (AMA).

12.05 / 14:13

Technology Adoption Cybersecurity security Fraud Cybercrime Tech How to protect your identity online

In today’s digital age, protecting one’s identity online is more crucial than ever. The internet has facilitated communication and information sharing between people, but it has also facilitated identity theft and the theft of personal data by hackers. This article will go through some practical strategies for protecting your online identity.

03.05 / 06:19

Blockchain regulation crimes Cybercrime exchanges Money laundering FBI, Ukraine seize 9 exchange domains on money laundering allegations

Nine digital currency exchanges allegedly aiding and abetting cybercriminals had their domains seized by the United States Federal Bureau of Investigation (FBI) and Ukrainian law enforcement.

02.05 / 06:45

Blockchain Hackers hacks crimes Cybercrime Low Darknet hackers are selling crypto accounts for as low as $30 a pop

Cybercriminals from the darkest parts of the internet are reportedly selling hacked, verified crypto accounts on the darknet for as low as just $30 apiece.

27.04 / 09:23

Blockchain defi Scams crimes Cybercrime phishing google ads crypto phishing Google Ads data: $4M stolen through crypto phishing URLs

Data from Google Ads coupled with blockchain analytics reveals that over $4 million has been stolen from users that have fallen for malicious phishing websites promoted on Google.

18.04 / 13:15

Blockchain Hackers hacks Cybercrime Exploit Exploit targets crypto veterans, drains over $10M across 11 blockchains

An unidentified exploit has taken more than $10.5 million in nonfungible tokens (NFTs) and coins from experienced community members who were “reasonably secure” in a wallet-draining operation since December 2022.

16.04 / 17:53

defi Hackers Cybersecurity lending Cybercrime Hundred Finance loses $7 million in Optimism hack

Multichain lending protocol Hundred Finance has experienced a significant security breach on the Ethereum layer-2 blockchain Optimism. According to the protocol on Twitter, the losses sit at $7.4 million.

12.04 / 05:27

business regulation Cybersecurity Cybercrime Ransomware Cyber Push to ban ransomware payments following Australia's biggest cyber attack

The Australian government is being pushed to ban the payment of cyber ransoms, usually demanded in cryptocurrency, following a local business suffering a mass data breach and subsequent ransom demand.

05.04 / 14:33

Blockchain Binance crimes Cybercrime Debunking the myth: Cryptocurrency is used for criminal activity

Cryptocurrency is often associated with criminal activity, but this is mostly a myth, especially today. Bitcoin (BTC) and other cryptocurrencies don’t provide complete anonymity due to the Know-Your-Customer (KYC) policies implemented by most crypto exchanges. Even without KYC scanning, law enforcement agencies can easily track crypto transactions to identify criminal activity, as the blockchain is transparent and immutable.

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