North Korea’s Lazarus Group Rakes in $3 Billion from Cryptocurrency Hacks

November 30, 2023 at 07:18AM Since 2017, North Korean hackers have targeted the crypto sector to bypass sanctions, stealing $3 billion in assets, significantly impacting DeFi platforms. The U.S. imposed sanctions against a mixer used by DPRK’s Lazarus Group for money laundering, which funds their WMD programs. Recorded Future suggests increased industry cybersecurity is necessary. … Read more

SIM swapper gets 8 years in prison for account hacks, crypto theft

November 29, 2023 at 02:32PM Amir Hossein Golshan, 25, received an eight-year prison sentence and was fined $1.2 million for conducting various online scams, including SIM swapping and cryptocurrency theft. He admitted to hijacking a model’s Instagram and defrauding hundreds, causing $740,000 in losses. Golshan also stole $319,000 in NFTs and $70,000 in cryptocurrencies. Meeting … Read more

Ethereum feature abused to steal $60 million from 99K victims

November 13, 2023 at 04:46PM Malicious actors have been exploiting Ethereum’s ‘Create2’ function to bypass wallet security alerts, resulting in the theft of $60 million worth of cryptocurrency from 99,000 individuals in six months. The ‘Create2’ function allows the creation of smart contracts on the blockchain and has introduced benefits but also security implications. Scammers … Read more

Microsoft: BlueNoroff hackers plan new crypto-theft attacks

November 10, 2023 at 03:42PM Microsoft has issued a warning about BlueNoroff, a North Korean hacking group, setting up new attack infrastructure on LinkedIn for upcoming social engineering campaigns. The financially motivated group, also known as Sapphire Sleet, has a history of targeting cryptocurrency companies and employees. They gain access to systems by deploying malware … Read more

Fake Ledger Live app in Microsoft Store steals $768,000 in crypto

November 7, 2023 at 06:07PM Microsoft has removed a fraudulent Ledger Live app from its store after users lost $768,000 worth of cryptocurrency assets. The fake app, called Ledger Live Web3, had been in the store since October 19 and started stealing cryptocurrency a few days ago. Despite obvious red flags, the app managed to … Read more

Florida man jailed after draining $1M from victims in crypto SIM swap attacks

October 30, 2023 at 07:04PM Jordan Persad, a 20-year-old from Florida, has been sentenced to 30 months in prison for his involvement in a SIM-swapping ring that stole almost $1 million in cryptocurrency. Persad and his co-conspirators used SIM swapping to gain access to victims’ online accounts and cryptocurrency wallets. He pleaded guilty to conspiracy … Read more

LastPass breach linked to theft of $4.4 million in crypto

October 30, 2023 at 06:53PM Hackers stole $4.4 million in cryptocurrency on October 25th by using private keys and passphrases stored in stolen LastPass databases. LastPass suffered two breaches in 2022, allowing threat actors to steal encrypted password vaults. Researchers believe that the stolen vaults are being cracked to access cryptocurrency wallet passphrases and private … Read more