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Home / Tag Archives: Security & Ransomware

Tag Archives: Security & Ransomware

Bitfinex Hack Victims Are Still Waiting to Get Their Funds Back

Earlier in the year, the Justice Department announced it had seized billions in crypto funds from a heist that occurred in 2016. Many customers of Bitfinex had their money stolen during that heist, and they learned that approximately $70 million of the recovered funds were likely theirs. Funds Stolen from Bitfinex Have Not Yet Been Returned One such victim – Frankie Cavazos – said he lost about 15 BTC units from the 2016 attack. Upon hearing that his money had been...

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For Biden, Crypto Is Just a Tool for Spying on People

Not long ago, an article emerged claiming Biden is using the crypto space to spy on people. Biden Is Using Crypto to See What People Are Doing The article said the government was “chipping away” at people’s financial freedoms and doing little to let them know what was going on. Financial privacy is clearly suffering under this administration, and it’s plausible to assume few people realize what’s happening. There are several things one can say to this, the first one...

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Victim of Pig Butchering Crypto Scam Will See Part of His Funds Returned

A man in California that fell victim to a crypto scam listed in the “pig butchering” category is getting some of his funds back. Pig Butchering Is Getting Bigger and Bigger Pig butchering is something Live Bitcoin News initially covered in an article in early September. It’s a new breed of digital currency scams that see people losing funds to fraudulent investing platforms that are fully controlled by hackers. They place their money into the schemes and see their funds...

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Twitter Account of Crypto Firm Gate.io Overtaken By Hackers

Hackers recently took over the Twitter account of popular digital currency exchange Gate.io and initiated a fake Tether giveaway to try and get people to send in their money – money they would have never seen again if they had fallen for the trick. The Twitter Account of Gate.io Has Been Hacked One of the first things the hackers did was manipulate the Twitter feed for the company and change things from Gate.io to Gate.com. This is a common tactic many hackers utilize to...

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Eric Meiggs and Declan Harrington Guilty in Crypto Fraud Case

Two 20-year-olds – Eric Meiggs of Brockton and Declan Harrington of Rockport – have pleaded guilty to engaging in a scheme that stole at least $500,000 in crypto funds from as many as ten different people. They are now set to be sentenced in a Boston federal court. Eric Meiggs and Declan Harrington Plead Guilty Both Meiggs and Harrington were charged in the year 2019 for running a scheme throughout the United States designed to pluck crypto assets from online accounts...

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Chainalysis: Crypto Theft Exceeds $3 Billion in 2022

More than $3 billion in crypto funds have been stolen this year according to a new report issued by blockchain analysis firm Chainalysis. Chainalysis: Crypto Theft Has Reached a New High The crypto space is constantly in a rough spot. There are many people out there that are completely against any sort of regulation, as the crypto space was initially established to give traders and users complete financial independence. No prying eyes, no third parties, just people and...

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Andrew Trujillo and Zena Dounson Guilty of Crypto Fraud

Two residents of San Antonio, Texas have pleaded guilty to engaging in a crypto fraud scheme. Andrew Trujillo and Zena Dounson allegedly looked through various online channels as a means of scoping out people who had earned money through crypto investing. Andrew Trujillo and His Partner Are Guilty From there, they would choose specific targets and go in for the kill. Dounson – who worked at AT&T – used her employee credentials to sneak into the victims’ phones and...

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Mustafa Gokiu Guilty of Running Illicit Crypto Business

Mustafa Gokiu – a man living in the town of Sunnyside, New York – was convicted in mid-October by a federal jury in Brooklyn for allegedly running a crypto money laundering and drug scheme. It is stated in court documents that the man laundered BTC units through an unlicensed money-transmitting business. Mustafa Gokiu Guilty of Crypto Money Laundering At the age of 50, Gokiu was found guilty on several charges including money laundering, operating an unlawful money...

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Sudbury Is a New Haven for Crypto Scams

The growth of crypto scams is occurring at an unprecedented rate. This can be attested to by a woman in the region of Sudbury, for example, who recently entered a scam that could have gone quite far. Crypto Scams Are Becoming Too Common The woman was approached by someone posing as a police officer named Scott Nix. The person convinced her that she needed to empty her bank account and send him the money via bitcoin so that he could verify the funds were real and help her...

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Binance Hacked; Nearly $600 Million in BNB Stolen

It’s happened again, folks. Another hack is in the books, but this one was not only large, but also unexpected. The victim this time around is Binance, the largest and most powerful digital currency trading platform in the world. Binance Has Lost a Lot of Money At the time of writing, the exchange has lost more than $600 million in a cyberattack. All the funds in question were in BNB, which stands for Binance Coin. It is the exchange’s native token. The exchange reported...

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