November 15, 2024 at 01:39AM Ilya Lichtenstein has been sentenced to five years in prison for his role in the 2016 Bitfinex hack, which stole nearly 120,000 bitcoins. His wife, Heather Morgan, also pleaded guilty and will be sentenced soon. Authorities linked their arrests to laundering schemes involving fake identities and cryptocurrency exchanges. ### Meeting … Read more
November 11, 2024 at 07:41AM Roman Sterlingov, operator of Bitcoin Fog, was sentenced to 12.5 years in prison for laundering over $400 million through his cryptocurrency mixing service. He must repay nearly $400 million and forfeit assets. His service facilitated various crimes, highlighting the Justice Department’s commitment to combatting illegal money laundering operations. ### Meeting … Read more
July 23, 2024 at 04:11PM The DeFi crypto exchange dYdX disclosed on Tuesday that its older v3 trading platform website has been compromised. Based on the meeting notes, it appears that the DeFi crypto exchange dYdX reported a security breach on its older v3 trading platform. This could be a critical issue that needs to … Read more
July 19, 2024 at 12:39AM Indian cryptocurrency exchange WazirX reported a security breach resulting in over $230 million worth of cryptocurrency stolen from a multi-signature wallet. The breach involved a mismatch in information and the transfer of wallet control to an attacker. The incident is linked to North Korean threat actors, known for targeting cryptocurrency … Read more
June 19, 2024 at 07:00AM A threat actor known as markopolo has been identified as behind a large-scale cross-platform scam targeting digital currency users using social media. The attack involves using a virtual meeting software, Vortax, to deliver malware. The article also highlights cybercriminals’ exploitation of cloud storage services to direct users to phishing landing … Read more
May 15, 2024 at 09:08AM Alexey Pertsev, a main developer of the Tornado Cash cryptocurrency tumbler, has been sentenced to 64 months in prison for his involvement in laundering over $2 billion worth of cryptocurrency. The platform, used by cybercriminals, was sanctioned by the US Department of Treasury. With the fate of the project uncertain, … Read more
May 15, 2024 at 04:54AM Dutch court has sentenced Alexey Pertsev, co-founder of Tornado Cash, to 5 years and 4 months in prison for money laundering. He and other developers failed to prevent the misuse of the decentralized crypto mixer. The case has sparked debate between privacy advocates and governments regarding the criminalization of anonymity … Read more
April 25, 2024 at 01:23PM Two men, alleged co-founders of cryptocurrency firm Samourai Wallet, face serious charges over facilitating money laundering of over $100 million. They are accused of running an unlicensed money-transmitting business and enabling transactions outside of regulatory rules. The US arrested Rodriguez, while Hill was apprehended in Portugal and is awaiting extradition. … Read more
March 4, 2024 at 04:37AM Operation Cronos, a multinational effort to dismantle ransomware gang LockBit, surprises with a humorous twist as law enforcement tampered with the gang’s website. Despite the takedown, LockBit reappeared, raising concerns about the resilience of criminal organizations and the challenges of combating them, especially in the context of cryptocurrency. This event … Read more
December 14, 2023 at 05:16PM NKAbuse is a new Go-based multi-platform malware exploiting NKN (New Kind of Network) technology. It targets Linux desktops, IoT devices, and supports MIPS, ARM, and 386 architectures. It uses NKN for DDoS attacks and as a remote access trojan, making it difficult to detect and defend against. Its use of … Read more