November 21, 2024 at 05:00AM Five alleged members of the Scattered Spider cybercrime group have been indicted for targeting U.S. companies through social engineering, stealing credentials to access crypto accounts and personal data worth millions. They face multiple charges, including wire fraud and identity theft, with potential sentences of up to 27 years. ### Meeting … 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
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 9, 2024 at 01:12AM Roman Sterlingov, founder of the Bitcoin Fog cryptocurrency mixer, was sentenced to 12.5 years in prison for money laundering between 2011 and 2021. He must forfeit $395.56 million and his interest in a wallet holding 1,345 bitcoins. Bitcoin Fog laundered over $400 million for various cybercriminal activities. **Meeting Takeaways – … Read more
October 16, 2024 at 10:04AM The commentary draws parallels between golf and cybersecurity, emphasizing the importance of teamwork, mastering fundamentals, using diverse tools, and the difficulty of achieving security standards. It highlights the necessity of collaboration across all departments in cybersecurity and suggests that effective solutions should be user-friendly to ensure compliance and protection. ### … Read more
October 12, 2024 at 01:18AM The U.S. Department of Justice announced arrests in Operation Token Mirrors, targeting individuals accused of manipulating cryptocurrency markets. The FBI created NexFundAI as part of the investigation. Eighteen entities are charged with wash trading, resulting in over $25 million in confiscated cryptocurrency and multiple arrests across several countries. ### Meeting … Read more
October 2, 2024 at 02:31AM Malicious packages posing as cryptocurrency wallet recovery services were found in the Python Package Index. They targeted users of prominent wallet services, offering utility functions while secretly stealing sensitive wallet data. The attack exploited open-source trust and dynamic malicious capabilities, highlighting the need for comprehensive security measures in the cryptocurrency … Read more
September 26, 2024 at 10:20AM A recent attack drained $70,000 from cryptocurrency wallets through a fraudulent app called WalletConnect on Google’s Play Store. The app, posing as the legitimate WalletConnect protocol, targeted web3 users and captured details of victims’ wallets, blockchain, and known addresses. Despite being removed five months later, the incident underlines the need … Read more
August 23, 2024 at 07:30AM Exposure management goes beyond attack surface management by including data assets, user identities, and cloud account configurations. It ensures continuous evaluation of digital assets’ visibility, accessibility, and vulnerability. Unlike traditional vulnerability management, exposure management considers all threat vectors, including misconfigurations and unpatched vulnerabilities, allowing prioritization and strategic focus on critical … Read more
April 13, 2024 at 10:45AM Former security engineer Shakeeb Ahmed has received a three-year prison sentence in the U.S. for hacking two decentralized cryptocurrency exchanges and stealing over $12.3 million. He pleaded guilty to computer fraud and used specialized skills to execute the attacks. Ahmed also laundered the stolen funds but has been sentenced to … Read more