Tag Archives: Crime

The recent hack of the cryptocurrency exchange WazirX has witnessed a significant development. The hackers have transferred 2,600 ETH, worth approximately $6.5 million, to Tornado Cash, a cryptocurrency mixer that is under U.S. sanctions. This action, identified by the security firm PeckShield, is a common technique used by cybercriminals to obscure the trail of stolen funds and make it more challenging for authorities to trace and recover them. On the 18th of July 2024, WazirX was struck by...

August marked a worrying time for the industry as cybercriminals ransacked hundreds of millions of dollars. With the number of hacks and scams rising tremendously this year, August marked another bad month in terms of the amounts lost to cybercriminals. August witnessed about $313 million scammed from crypto holders and platforms. Blockchain security firm PeckShield shone a light on this, stating, “August 2024 witnessed 10+ hacks in the crypto space, resulting in ~$313.86 million in losses....

Hacker groups are preventing user access to websites belonging to French authorities to show their support for Pavel Durov. Durov was arrested on August 24 by French authorities. Russian hackers are staging Distributed Denial of Service (DDoS) attacks on the French government’s website in response to the August 24 arrest of Telegram CEO Pavel Durov. He was arrested in France for alleged involvement in money laundering, drug trafficking, and more crimes, but no formal charges have been issued...

French President Emmanuel Macron addressed the recent arrest of Telegram CEO Pavel Durov. He stated that it was not politically motivated but part of an ongoing judicial investigation. In a post on X (formerly Twitter) on Monday, Macron reiterated France’s commitment to freedom of expression, innovation, and entrepreneurship. He emphasized that in a state governed by the rule of law, freedoms are upheld within a legal framework. As a result, it protects citizens and respects their...

Arrest of Durov highlights global discussions about tech regulation and free expression. Rumble CEO Chris Pavlovski fled Europe amid fears following Telegram CEO Pavel Durov’s jail in France. Rumble CEO Chris Pavlovski tweeted that he has “departed from Europe” following the arrest of Telegram CEO Pavel Durov in France. Pavlovski’s exit comes as tensions between Rumble and France rise after the latter had threatened the video-sharing network. Rumble CEO Criticizes France’s Actions Pavlovski,...

Cthulhu Stealer attacks Mac devices and steals credentials from a long list of crypto wallets. Malware aimed at draining funds from crypto wallets installed on Macs is rising. A new malware called Cthulhu Stealer targets devices with MacOS to steal crypto wallet information, marking yet another malware affecting users of Mac devices. Cado Security identified the new malware and published a report detailing how it grabs wallet data. This has come to light days after reports of another...

Thailand’s authorities recently raided an illegal Bitcoin mine following several weeks of power outages in a local town. The raid took place on Sunday in Ratchaburi. It is a province located west of Bangkok. They took action after numerous reports of electrical disruptions in the area. Reports by AFP reveal that the early morning raid was conducted by the Provincial Electricity Authorities together with the local police. A chief district security officer named Jamnong Chanwong mentioned that...

Pavel Durov, the founder and CEO of Telegram, has been arrested in France by agents of the National Anti-Fraud Office (ONAF). Durov, aged 39, was detained at Le Bourget airport on Saturday evening, shortly after arriving from Azerbaijan on his private jet. He was accompanied by a bodyguard and a woman, according to French news site TF1.  Durov Faces Charges of Terrorism and Fraud Amid Allegations of Telegram’s Role in Crime Durov was listed in the wanted persons file (FPR) due to allegations...

Tether recently assisted the US DoJ in recovering close to $5 million worth of USDT lost in a romance scam. It has reclaimed $108 million from scams since it launched in 2014. Tether, the firm behind the largest stablecoin by market capitalization, USDT, claimed it has helped victims of fraud and law enforcement agencies reclaim $108.8 million worth of USDT since its inception in 2014. The stablecoin issuer can track the flow of its asset, possessing the capability to block wallets from...

DeFi users on Solana reported having their funds drained mysteriously. A Chrome extension promoted on Reddit was a disguised crypto drainer, stealing funds by manipulating transactions. Jupiter, a DEX (decentralized exchange) aggregator, warned users of a new malware packaged as a Chrome-based extension called Bull Checker. It was advertised to serve the purpose of showing all the holders of any memecoin. Solana-based DeFi users who installed the extension reported having their assets...