Tag Archives: Security & Ransomware

Not long ago, Live Bitcoin News put out an article discussing the hacking of gaming network Axie Infinity, which ultimately resulted in more than $600 million in digital currency funds being stolen overnight. The incident is easily one to mar the crypto books and one of the biggest digital currency heists in history. Axie Infinity Was Allegedly Hit by Lazarus Since then, additional details have come about linking the incident to Lazarus, a notorious hacking group...

Analysts and crypto experts are warning against all levels of bitcoin scams, which have become rather common over the past year. Bitcoin and Crypto Scams Continue to Be Troublesome Since bitcoin began shooting up in price in mid-2020, crypto scam artists have been entering the fray in droves. The Federal Trade Commission (FTC), for example, received more than 7,000 individual reports of crypto scams between October 2020 and March 2021. As much as $80 million had been...

A retired nurse has been fired from her part-time job and lost her life savings – which amounted to roughly $43,000 at the time of writing – after falling for a cryptocurrency scam. How a Nurse Became the Latest Crypto Scam Victim The nurse from Buffalo, New York – who remains anonymous at press time – claims she was tricked into sending money through a bank wire transfer and a bitcoin ATM to unknown parties after a fake pop-up on her work computer appeared telling her...

We’re only four months into the new year, but 2022 has already proven to be a busy year for cryptocurrency scam artists. According to the Richmond RCMP, roughly $2.6 million in crypto funds have been stolen from unsuspecting victims thus far, and it looks like that number is slated to grow. The Richmond RCMP Tells People What Precautions to Take According to the RCMP, most crypto scams come in the form of romance scams, fake investment schemes, or individuals pretending...

A man has been charged with running several illegal bitcoin and crypto ATMs in New York that were set up in laundromats throughout the state. Robert Taylor, 35 years of age, has been charged with criminal tax fraud in the third degree, offering false instruments for filing in the first degree, and operating an unlicensed transmission business. Robert Taylor Has Been Charged with Running Illicit BTC Kiosks The bitcoin kiosks working under Taylor are believed to have...

A woman in New Hampshire has become the latest victim of crypto theft. The lady – who is only going by her first name Michelle – says that she has four crypto accounts, one of which was hacked using her Samsung phone. She has since lost thousands in digital funds. Michelle Has Lost Thousands Things took an ugly turn when her phone notified her that an update was available. She clicked on it, and it wasn’t long before the phone stopped working altogether. She explained in...

Trading crypto has become a hugely popular thing to do amongst everyday traders. This is good in the sense that the crypto space is now gaining the mainstream attention it largely deserved. However, there is a bad side to all this growth in that as crypto has expanded, so has digital crime, and one scam is becoming all too familiar. How One Crypto Scam Cost a Woman $200 The Federal Bureau of Investigation (FBI) says that more than $1 billion has been lost by Americans to...

A wealthy Los Angeles resident is hoping a cryptocurrency reward he’s offering will help lead to the arrest of two suspects that attacked him outside his apartment building while exiting his Lamborghini. A Los Angeles Man Is Using Crypto to Bring Justice to Criminals The victim – who remains anonymous at the time of writing – says he attributes his success in life to his work with a digital currency called Pablo Token. Right now, he serves as something of a financial...

Hackers have stolen roughly $625 million in crypto funds from popular online video game platform Axie Infinity. To date, it is one of the largest crypto thefts to ever occur within the space, and certainly the largest attack to ever occur on a video game venture. Axie Is the Victim of a Major Hack Cryptocurrency has no doubt come a long way since it was first conceptualized 13 years ago. Bitcoin, the world’s biggest cryptocurrency by market cap and the grandfather of all...

Seven members alleged to be members of the Hong Kong triad have been arrested in connection with the kidnapping of a cryptocurrency trader. The trader was held last year for ransom that amounted to roughly $3.8 million USD. Seven Hong Kong Men Are Now Facing Life Imprisonment The men have been arrested in mainland China and will be handed over to authorities in their native Hong Kong at the Shenzhen Bay border control point this week. Some of the suspects that were...