November 21, 2024 at 05:32AM As BlueSky surpasses 20 million users, cryptocurrency scams are emerging, similar to those on X/Twitter. Threat actors are using misleading posts with AI-generated images and impersonating Meta branding. BlueSky’s decentralized nature complicates moderation, leading to a surge in reports of spam and scams, highlighting significant operational challenges. **Meeting Takeaways: BlueSky … Read more
November 15, 2024 at 06:36AM Ilya Lichtenstein, the Bitfinex hacker who stole and laundered approximately $1 billion in Bitcoin, has been sentenced to five years in prison. **Meeting Notes Takeaways:** 1. **Individual Involved**: Ilya Lichtenstein is identified as the hacker connected to the Bitfinex theft. 2. **Crime Summary**: Lichtenstein stole bitcoin valued at approximately $1 … Read more
June 27, 2024 at 06:45AM Threat actors are exploiting the 2024 Olympics to lure victims into investing in ICO scams, using AI-generated images for fake ICO websites. With a surge in cybercriminals targeting major events, potential investors are at risk of losing money as scams promise returns but vanish, leaving victims with worthless assets. The … Read more
May 19, 2024 at 06:30AM Two Chinese nationals, Daren Li and Yicheng Zhang, have been charged by the U.S. Department of Justice for allegedly orchestrating a $73 million pig butchering scam involving cryptocurrency investment fraud. They face charges of money laundering and could be sentenced to 20 years in prison for each count if convicted. … Read more
May 18, 2024 at 02:36AM The US Department of Justice has charged computer scientists Anton and James Peraire-Bueno with exploiting open-source software in the Ethereum blockchain to steal $25 million. The scheme involved tampering with blockchain protocols in a 12-second heist. The brothers set up shell companies to handle the funds, but their online activities … Read more
December 15, 2023 at 03:38PM Former Amazon security engineer Shakeeb Ahmed pleaded guilty to hacking and stealing over $12.3 million from two cryptocurrency exchanges in July 2022. He manipulated smart contracts to exploit pricing data, yielding inflated fees, and took advantage of a DeFi protocol loophole. Ahmed used various methods to conceal the stolen funds … Read more