Tag Archives: Security & Ransomware

It looks like crypto scams are far more prominent than we originally thought, according to a new research paper.Crypto Scams Are Pretty CommonAnalysts at the University of Technology in Sydney and the Stockholm School of Economics have announced that crypto scams are taking place everywhere and all the time. We just need to know where to look. Ultimately, these scams are accumulating millions of dollars in dirty money virtually every month, and not enough is being done to keep people safe.The...

For people out there that don’t believe in karma, perhaps the following story will change their minds. Reginald Middleton – a man who was charged with crypto fraud by the Securities and Exchange Commission (SEC) in 2019 and forced to pay a $1 million fine – had his phone hacked and much of his crypto stash stolen by cyberthieves.Reginald Middleton Is the Latest SIM-Swapping VictimMiddleton was accused of stealing millions of dollars from investors after they pledged money to his company...

It’s happened again, folks. Another cryptocurrency trading platform has been compromised by unseen malicious actors. This time, the victim is 2gether, a European crypto exchange that allows people to sell, buy and trade bitcoin and other digital currencies without incurring additional fees.2gether Is the Latest Exchange to Be CompromisedThe hackers made off with more than one million pounds-worth of digital assets. 2gether’s native coin, known as the 2GT token, was set to be released to the...

Cryptocurrency exchange Bitfinex is looking for a little help in recovering more than $1 billion in stolen bitcoin funds.Bitfinex: We Need Your Assistance!The company saw more than $1.3 billion in crypto mysteriously vanish from its platform in the year 2016. After four long years, the exchange is no closer to recovering the funds. Executives are hoping someone involved in the theft or someone with knowledge of the incident will come forward and lending a hand. Those that do will be privy to...

Roughly two weeks ago, the world was shocked to learn that several high-profile Twitter accounts had been hijacked for the purpose of gaining access to bitcoin. Now, it looks like the same scam is being pulled on YouTube, with a few noticeable differences.YouTube and Twitter Are Seeing SimilaritiesTwitter experienced a massive breach that saw the accounts of several individuals – including former president Barack Obama, his vice president Joe Biden, SpaceX and Tesla CEO Elon Musk and...

A corporate travel company has been forced to pay a massive bitcoin ransom to hackers that apparently took over its computer systems and encrypted its data. The company – known as CWT – is now nearly $5 million poorer, having paid approximately $4.5 million to get its information and network back.CWT Is the Latest Ransomware VictimAs many as 30,000 computers were taken over by unseen hijackers, who then proceeded to gain access to roughly two terabytes of unique data owned by the company. The...

China has arrested more than 100 separate individuals who may have taken part in the Plus Token scam that resulted in more than $1 billion in stolen crypto funds.Plus Token Is One of the Biggest Ponzi SchemesInitially based in South Korea, Plus Token was designed to be a “high-yield” investment plan that allegedly offered massive funds for all who took part. As much as 18 percent yield was promised to investors from both South Korea and China granted that they were willing to store...

Despite all bitcoin has accomplished over the past 12 years, it looks like the world’s number one cryptocurrency by market still holds a very prominent place amongst dark market users, according to a new report by Chainalysis.Chainalysis: Nearly 1 Million BTC Owned By HackersThe blockchain and cybersecurity firm reports that roughly 900,000 bitcoin units are owned by hackers, scammers, and dark web buyers. This represents close to five percent of the globe’s total BTC supply and amounts to...

Steve Wozniak – the co-founder of Apple Computers – has filed a suit against popular video-streaming website YouTube for allowing bitcoin scammers to use his likeness in their fraudulent advertising.Steve Wozniak Takes Legal ActionThus far, the scam in question is believed to have garnered millions of dollars from users all around the world. While Wozniak is at the center of the lawsuit, the case is a class-action suit that also involves as many as 17 additional victims of the scam who claim...

The Federal Bureau of Investigation (FBI) has announced that it is launching an investigation into the recent Twitter hack that saw more than 130 accounts compromised for the purpose of obtaining BTC from unsuspecting users.The FBI Is Taking Control of ThingsThe attack occurred last Wednesday and saw the likes of former president Barack Obama, former vice president Joe Biden, Bill Gates and Elon Musk among others having their social media accounts hijacked. The attackers then put out messages...