October 7, 2024 at 08:30PM The US government filed two lawsuits to recover over $2.67 million stolen by North Korea’s Lazarus Group. The first lawsuit stems from the 2022 Deribit hack, where about $28 million was drained and $1.7 million worth of Tether was recovered. The second lawsuit involves the alleged theft of $41 million … Read more
July 26, 2024 at 03:37PM Cryptocurrency exchange Gemini experienced a data breach due to a cyberattack at its ACH service provider. A third-party breached the system, affecting customers’ banking information, including full names, bank account numbers, and routing numbers used for ACH fund transfers. The incident has been contained, and an investigation is ongoing. Recipients … 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 02:07AM Indian crypto exchange WazirX disclosed the loss of over $230 million in virtual assets in a cyber attack attributed to North Korea. The attack exploited a vulnerability to gain control of a multi-signature wallet. WazirX halted crypto withdrawals and initiated recovery efforts. Blockchain analytics firms suspect the stolen assets are … Read more
July 7, 2024 at 08:50PM Mt Gox, the Japanese crypto exchange, plans to repay some investors in Bitcoin and Bitcoin Cash. India’s semiconductor manufacturing subsidy fund is likely to seek additional funds after most of the allocated funds have been committed. Samsung workers start a three-day general strike, and Asian countries will link local instant … Read more
May 31, 2024 at 05:10PM DMM Bitcoin reported the theft of 4,502.9 Bitcoin (BTC), equivalent to $308 million, constituting the most significant cryptocurrency heist of 2024. The stolen Bitcoin has been divided into multiple new wallets to evade detection, with numerous platform services restricted during the investigation. DMM Bitcoin is working to guarantee customers’ deposits. … Read more
May 1, 2024 at 11:00AM A forensic analysis of a graph dataset of Bitcoin transactions by Elliptic and MIT-IBM Watson AI Lab revealed clusters linked to illicit activity and money laundering. The 26 GB dataset, Elliptic2, applies machine learning to detect criminal proceeds and unknown wallets, offering potential in combating financial crime using graph convolutional … Read more
December 8, 2023 at 01:06AM Anatoly Legkodymov, the Russian founder of Bitzlato exchange, has pleaded guilty to operating an unlicensed money-transmitting service used for laundering criminal funds. He could face a five-year prison sentence. Bitzlato, linked to the darknet market Hydra, processed over $2.5 billion, with lax KYC measures. Key Takeaways from Meeting Notes on … Read more
November 21, 2023 at 08:11PM Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao have pleaded guilty to multiple financial crimes. As a result, Binance will pay $10 billion in fines and settlements to the US Department of Justice. The crimes include failure to register as a money services business, violating anti-money laundering … Read more
November 7, 2023 at 09:48AM North Korean state-sponsored hackers have been observed using a new macOS malware called “ObjCShellz” as part of the RustBucket campaign targeting financial organizations. The malware, attributed to the BlueNoroff group, is written in Objective-C and allows attackers remote shell capabilities. The campaign uses social engineering and disguises itself as a … Read more