Tag Archives: Security & Ransomware

As those of us in the crypto space realize, the world of bitcoin and digital assets has a nasty habit of attracting bad actors and financial crime. The latest scheme involves messaging service Discord and ads promoting free cryptocurrency for users.Discord Users Need to Be On the LookoutAs the old saying goes, “Nothing in life is free,” and many Discord users are learning this lesson right about now. Researchers with Kaspersky Labs have issued a warning to customers of the messaging firm,...

Crypto crime has been a relative constant in the digital space, and in San Francisco, a new digital currency embezzlement case has just made its way onto the roster of the U.S. Department of Justice (DOJ). The instigator this time around is a young man named Jerry Ji Guo, who has been ordered to spend half a year in jail and must pay more than $4 million to the customers he harmed financially.Guo Must Pay Penalties and Spend Time Behind BarsGuo has been found guilty of posing as a...

Crypto hacks are pretty darn prominent in the digital space, but sometimes, it’s not always the money itself that’s compromised. Sometimes, attackers go after customers’ personal data, as Buy U Coin is learning this week.Buy U Coin Customers Have Lost Control of Their DataThe India-based cryptocurrency exchange was allegedly the victim of a data breach that saw the personal information of several customers leaked online. The data released on the internet includes email addresses, names,...

It has become rather clear in recent years that crypto crime will not be tolerated. Rossen Iossifov – the Bulgarian owner of the now defunct RG Coins – is learning this lesson the hard way.Iossifov Sentenced to Ten YearsIossifov has been sentenced to ten years behind bars for running a cryptocurrency exchange that was allegedly used to launder tens of millions of dollars in ill-gotten funds. The exchange was reportedly utilized to host fake auctions, convincing people to invest and then...

A new form of cryptocurrency malware has been discovered. Known as Electro RAT, the malware remained uncovered for approximately one year before researchers came across it in a new study.Electro RAT Has Remained Hidden for Some TimeElectro RAT has been designed to operate on Windows, Mac and Linux systems, making it usable to a wide array of criminals. It has been in use since the first month of 2020, and according to a report published by cybersecurity firm Interzer, it has already made off...

An unnamed individual in Rome, Italy has been accused of one of the largest cryptocurrency fraud schemes ever recorded in the space’s short, yet significant history. As it stands, police investigators are only claiming that the man allegedly responsible possesses the initials “F.F.” and that he is roughly 34 years of age. Not much else is known about him at press time.Italy Is at the Center of a Crypto Fraud InvestigationThe fraud is reported to have occurred last year in 2019. It happened...

It’s happened again, folks. Another cryptocurrency exchange hack is in the books. This time, the victim is EXMO based in the United Kingdom. At the time of writing, roughly five percent of the platform’s assets have disappeared.EXMO Has Been HackedEXMO reported earlier in the week that several of its hot wallets had been compromised by thieves. This is consistent in the crypto space and it has been reported time and time again that hot wallets do not possess the security and strength of cold...

Alexander Vinnik – a Russian man accused of laundering bitcoin funds and for allegedly taking part in multi-million dollar cryptocurrency fraud – has been sentenced to five years in a Paris prison and is also being ordered to pay more than $120,000 in penalties.Vinnik Ordered to Prison; Will Also Pay FinesThe case involving Vinnik goes back several years. After working at the now defunct cryptocurrency exchange BTC-e, Vinnik was accused of developing a new kind of cryptocurrency malware known...

A cryptocurrency-based cyberattack has made its way into the offices of GoDaddy, an web domain provider. The big clincher is that the company’s employees were utilized to do the job.GoDaddy Compromised; Crypto Site Traffic Misdirected2020 has been the year of many things when it comes to crypto. It’s been the year of a mega bull run in the middle of a widespread pandemic. It’s been the year for institutions getting involved in bitcoin, but it’s also been the year of cyberattacks in many ways....

Not too long ago, Live Bitcoin News reported that Akropolis – a crypto lending service – was the victim of a crypto hack that saw more than $2 million in Dai cryptocurrency tokens stolen practically overnight.Akropolis: If You Work With Us, We’ll Work With YouAkropolis has not gone to the police or law authorities yet to discuss the present case. Instead, it’s taking a different approach, proposing a partnership with the hacker and a small financial reward for his (or her) willingness to...