Tag Archives: Security & Ransomware

The United States appears to be angry with crypto hackers as of late, and the country is making it clear that it’s not going to put up with bad actors anymore. The U.S. is presently accusing two Russian hackers of making off with roughly $17 million in assorted crypto units. The accusations come from the Justice, State and Treasury Departments.The United States Will Not Put Up with Crypto TheftThe Treasury has identified two individuals allegedly involved in the scheme. They are Danil...

Blockchain and crypto startup Nym is unveiling a new incentive program for those that engage in bitcoin transactions while running the company’s nodes.Nym Is Looking to Empower Internet UsersThe main goal of Nym appears to be privacy. The company has designed software that works to hide metadata and prevent tracking at a network level. As it turns out, whenever we go on the internet, we are potentially in danger of having our identities or other private information revealed or stolen. How...

Sometimes the best way to ensure your enemies can’t take advantage of you is to keep all your vulnerabilities and issues as secret as possible, and for one team of bitcoin researchers, doing so has ensured the world’s number one cryptocurrency by market cap has stayed safe over the past two years.Bitcoin Had a Major Issue That Was Kept QuietIn 2018, Bitcoin Core was discovered to have a serious vulnerability. It wasn’t long before the issue was fixed up, but the entire operation was kept very...

We do not negotiate with terrorists… This is the bedrock principle of countries like the United States. We’ve heard these words uttered in several movies and even political briefings, and now the idea of staying vigilant in times of strife appears to be edging its way into the minds of several other nations, including Argentina.Argentina Doesn’t Want to Give Up Its BitcoinRecently, the South American country had a little problem with cyberhackers. The country’s national migration agency was...

Recently, Live Bitcoin News reported that the U.S. was looking to sue North Korea over several million dollars-worth of cryptocurrency that had been stolen over the past year via cyberattacks on two separate exchanges. There has been a break in the story in that the U.S. is no longer planning to file suit, as it has already gained access to the nearly 300 accounts that the stolen money had been filtered into. The country is now moving to transfer these funds back into American digital...

The United States is saying “enough” when it comes to the hacking history of nuclear state North Korea. The country is now suing its rival for control of more than 200 separate bitcoin and Ethereum accounts which allegedly contain crypto funds that were taken illegally from two trading exchanges.North Korea Is Being Taken to CourtNorth Korea has a long history of stealing cryptocurrency to fund its illicit programs. The country is allegedly the home of Lazarus, a hardcore hacking organization...

Another instance of bitcoin crime is in the books. This time, the culprit is potentially a Russian man named Egor Igorevich Kriuchkov who sought to pay the employee of a Nevada-based company $1 million in bitcoin to install malware onto the company’s network.Kriuchkov Is Currently Being Held to Await TrialKriuchkov entered the United States on a tourist visa and through a Russian passport. He initially met with the employee of the company several times before initiating the plan, according to...

The Lazarus Group – a cryptocurrency hacking organization allegedly based in North Korea – is once again searching for digital funds it has no right to, and this time, it’s utilizing social media and job hunting platform LinkedIn to get the job done.Lazarus Is Stealing Crypto Through LinkedIn AdsAmong the latest victims to fall into Lazarus’ hands is F-Secure, a cryptocurrency organization. Thus far, about 14 separate businesses have been compromised in both the United States and the UK....

Crypto fraud, sadly, is running rampant throughout the digital space, and according to a new report, popular crypto exchange Binance – arguably the biggest cryptocurrency trading platform by daily volume – has seemingly been associated with a common form of ransomware known as Ryuk.Binance Is a Central Hub for Ryuk EnforcersRyuk has been around since 2018. Per data from the FBI, the ransomware may be responsible for a minimum of $61 million in theft since it first emerged roughly two years...

It looks like a former Uber exec is in a spot of trouble. Joseph Sullivan – the former Chief Security Officer at Uber – has been charged with paying more than $100,000 in bitcoin to hide a data breach of the company that occurred in 2016 rather than coming forward and explaining what had happened to the right authorities.Questions Regarding an Uber Exec’s BehaviorThe attack may have compromised millions of users and drivers. Sullivan has been charged with obstruction of justice and attempting...