Ramesh has seven years of experience writing and editing stories on finance, enterprise and consumer technology, and diversity and inclusion. She has previously worked at formerly News Corp-owned TechCircle, business daily The Economic Times and The New Indian Express.
Between May 19 and 25, a hacker took control of Tornado Cash and stole $1 million, plaintiffs in a Coinbase-bankrolled lawsuit pressed for summary judgment, attackers used crypto phishing as a service to steal $6 million, Trezor hot wallet was found to possibly be buggy and Celer patched a bug.
Law enforcement and regulatory action over the past year in the United States most likely dissuaded hackers from stealing cryptocurrency, making the amount stolen in the first quarter of the year the lowest compared to each of the four quarters in 2022, TRM Labs said.
The mastermind behind a criminal website that sold tools for scammers who defrauded victims globally of more than 115 million euros received a 13-year, four-month prison sentence in the United Kingdom just months after law enforcement seized the site.
MiCA's consumer protection provisions extend to cybersecurity, with its anti-money laundering, cyberattack liability and travel rule clauses. ISMG contributors Ari Redbord of TRM Labs and Troy Leach of Cloud Security Alliance discuss its impact on cybercrime, compliance challenges and the way ahead.
In the days between May 11 and May 18, the Uranium Finance hacker laundered more stolen funds, LayerZero launched a $15 million bug bounty program, the European Union adopted comprehensive cryptocurrency legislation, and Ledger faced backlash on its seed phrase recovery solution.
U.S. federal prosecutors announced a slew of indictments and arrests in cases involving attempts by foreign nationals to illegally export technology into Russia, China and Iran. The arrests are part of a recently announced Disruptive Technology Strike Force.
An Illinois man pleaded guilty Monday to eight criminal counts stemming from the three years he spent leading a conspiracy to sell stolen financial information on darknet markets. The man, Michael D. Mihalo, 40, founded a darknet carding site known as Skynet Market.
A hacker made $34 million from MEV bot attacks, NYDFS penalized Bitflyer for lax cybersecurity, Ishan Wahi was sentenced in the Coinbase insider trading case, the IRS is training Ukraine in blockchain forensics and the New York AG proposed a crypto cybersecurity bill.
Ransomware hackers' favorite currency is cryptocurrency. Digital assets transfer millions of dollars each year from victims to cybercriminals. But that dependency is also an opportunity for law enforcement to hit ransomware hackers in their most vulnerable spot.
In the days between April 28 and May 4, the FBI and Ukrainian police seized nine virtual currency exchanges that serviced cybercriminals, Privacy Affairs noted the cost of hacked crypto accounts on darknet markets, and Level Finance suffered a $1 million hack.
Between April 21 and 27, hackers stole $1.8 million from Merlin, $22,638 from Kucoin and $170,000 from Trust Wallet and attacked UniSat Wallet. The U.S. indicted two men for DPRK-linked money laundering, and a U.K. parliamentary panel heard plans to curb cybercrime with better crypto seizure skills.
Between April 14 and 20, hackers stole $23 million from Bitrue, $7 million from Hundred Finance and $10.5 million from 11 blockchains. The SafeMoon hacker returned 80% of the stolen $8.9 million, MetaMask suffered a third-party breach and Kyber Network advised LPs to withdraw funds from Elastic.
Every week, Information Security Media Group rounds up cybersecurity incidents in the world of digital assets. Between April 7 and April 13, hackers stole millions from GDAC, Yearn Finance and SushiSwap. We found out how bad cybersecurity was at FTX, and the U.S. Treasury warned DeFi to shape up.
Every week, Information Security Media Group rounds up cybersecurity incidents in the world of digital assets. Between March 31 and April 6, hackers returned millions of dollars in stolen cryptocurrency, a rogue validator stole $25 million, and bad actors used new malware to steal cryptocurrency.
The U.S. Department of Justice seized virtual assets worth $112 million in a crackdown on "pig butchering," a romance-based cryptocurrency investment scam. Cybercriminals used six accounts to launder funds from cryptocurrency confidence scams, federal prosecutors said.
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