The FBI's Internet Crime Complaint Center on Monday issued a report revealing victims filed more than 69,000 public complaints related to cryptocurrency fraud and $5.6 billion in financial losses in 2023, while investment scams made up the bulk of losses throughout the year.
This week, pig-butchering scams and bitcoin ATM scams increased, an update in the FTX case, stolen WazirX funds were laundered, settlements in the SEC-Galois and CFTC-Uniswap cases, Scotland seized crypto in a robbery, North Korea targeted Web3 staff, and the Mt. Gox CEO launched a new crypto firm.
This week, the SEC sent OpenSea a Wells notice, WazirX sought protection from creditors, Ryan Salame reconsidered his guilty plea, objections to the FTX bankruptcy reorganization plan were filed, U.S. police recovered pig-butchering scam funds, and Colombia accused Worldcoin of privacy violations.
This week, Binance, ASX and Google sued; Solana users targeted; McDonalds' X account hacked; Mango Markets and SEC settled; China updated AML law; sentencing in the HTSB case; arrest in the BitConnect case; Australia shuttered 615 scams; Malaysia adopted Worldcoin, arrested crypto thieves.
Illegal gambling operations depend on trafficked individuals to perform cybercriminal activities. Threat researchers at Infoblox explain how cybercriminals use trafficked people for operations such as pig-butchering scams and leverage European sports sponsorships to boost illegal gambling websites.
This week, FTX settled with the CFTC, the Mango Markets hacker sought dismissal of charges, WazirX said it will reverse trades, Solana fixed a vulnerability, the SEC sued NovaTech and settled with Ideanomics, and researchers discovered a new way to steal crypto private keys.
Your secret weapon to combat cyber threats might be just under your nose! Cybercriminals continue to exploit vulnerabilities while upping their game with new and more sinister attack methods. The human firewall is your cybersecurity ace in the hole.
But how resilient are your users when it comes to fending off...
Every week, ISMG rounds up cybersecurity incidents in digital assets. This week, a $12M white hat hack on Ronin Bridge, Cryptonator indictment, potential prison sentence in Crypto.com case, a $212K Convergence hack, Do Kwon's extradition, and the FBI published a scam warning.
This week, a Ukrainian was murdered over three bitcoins, FTX's Salame sought to postpone sentencing over a dog bite, Russian speakers drove crypto cybercrime, the FTC fined a Coinbase Group company $4.5 million, and Hong Kong police arrested scammers.
Every week, ISMG rounds up cybersecurity incidents in digital assets. This week, Tornado Cash saw an uptick in use, updates on the WazirX exploit were released, Fractal ID and LI.FI published breach postmortems, and the U.S. moved to recover pig-butchering losses.
This week, WazirX, LI.FI, Dough Finance and CoinStats were breached; Satoshi Nakamoto impersonator's was charged; FTX and CFTC reached a settlement; a man was convicted of fraud; new details emerged in the Tornado Cash and SEC cases; and Taiwan set new AML rules.
A public-private effort with the codename Operation Spincaster is using intelligence related to 7,000 compromised cryptocurrency wallets and $162 million in losses to warn victims, recover funds and disrupt groups involved in crypto-powered approval phishing or pig-butchering scams.
A relatively new threat actor has compromised over 1,500 organizations worldwide since February, using open-source security tools to automate and streamline attack processes. Security researchers have tracked a significant escalation in CRYSTALRAY operations.
Every week, ISMG rounds up cybersecurity incidents in digital assets. This week, Elliptic alleged that Huione Guarantee is laundering money, the sentencing dates of former FTX executives were revealed, a Paxful co-founder pleaded guilty, and Mt. Gox started to repay its debts.
The once-leading cryptocurrency exchange platform known as BitMEX pleaded guilty Wednesday to willfully violating the Bank Secrecy Act and anti-money laundering laws to effectively serve as a money laundering vehicle from 2015 to 2020, according to the U.S. Department of Justice.
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