November 6, 2023 at 01:12AM The U.S. Department of the Treasury has imposed sanctions against Ekaterina Zhdanova, a Russian woman involved in laundering virtual currency for Russian elites and cybercriminal groups, including the Ryuk ransomware group. Zhdanova facilitated cross-border transactions to help Russian individuals access Western financial markets and evade international sanctions. She utilized entities … Read more
November 2, 2023 at 09:17PM Sam Bankman-Fried, founder and former CEO of FTX and Alameda Research, has been found guilty of seven criminal charges related to fraud and money laundering. FTX, once valued at $32 billion, filed for bankruptcy in 2022 after funds were shifted to Alameda, resulting in losses for FTX investors. Bankman-Fried faces … Read more
October 23, 2023 at 11:37PM China-based scammers are using fake loan apps and India’s Unified Payments Interface (UPI) to scam victims out of money, according to a report by CloudSEK. The scammers pose as loan providers, luring victims with promises of easy repayments. Once a fee is paid, the loan never materializes and the fee … Read more
October 19, 2023 at 06:49PM Sandu Diaconu, operator of the illegal E-Root marketplace, has been extradited to the U.S. to face a potential 20-year prison sentence for selling access to compromised computers. Diaconu was arrested in the U.K. after authorities seized E-Root’s domains. The U.S. seeks both imprisonment and forfeiture of Diaconu’s criminal proceeds. E-Root … Read more
October 19, 2023 at 06:42PM Sandu Diaconu, operator of the E-Root marketplace, has been extradited to the U.S. to face a maximum imprisonment penalty of 20 years. He is accused of selling access to compromised computers. Evidence suggests over 350,000 compromised systems were listed for sale on E-Root, including government systems and those from various … Read more
October 19, 2023 at 11:30AM IT workers contracted with U.S. companies have been secretly sending millions of dollars in wages to North Korea for its ballistic missile program, according to the FBI and the Department of Justice. The workers used false identities and their earnings were funneled to the North Korean weapons program. The investigation … Read more
October 18, 2023 at 03:48PM A hacker in Finland has been charged with over 21,000 counts of extortion for stealing tens of thousands of records from psychotherapy patients. The defendant, Aleksanteri Kivimaki, sought to extort money from the firm overseeing the therapy centers by threatening to leak the records. The trial is set to start … Read more