Rashmi 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.
Blockchain company Harmony has offered a $1 million bounty to hackers who stole $100 million worth of Ethereum tokens. It says it won’t push for criminal charges if the funds are returned. The exploit did not affect the trustless Bitcoin - BTC - bridge, the company says in its tweet thread.
Milind Mungale of Protean eGov Technologies has led the security strategies for the company for two decades. He discusses the changing cybersecurity landscape and building security operations from the ground up for a company that handles sensitive government and citizen information.
The United Kingdom has announced two proposed pieces of legislation - the Financial Services and Markets Bill and the Economic Crime and Corporate Transparency Bill - to regulate the digital assets industry and curb the use of virtual currency in illicit activity.
Virtual currency mixer Blender.io has been sanctioned by the U.S. for enabling North Korea to conduct "malicious cyber activities and money laundering of stolen virtual currency," the U.S. Treasury Department’s Office of Foreign Assets Control says in its first sanctioning of a currency mixer.
DeFi platform Fei Protocol has offered a $10 million "no questions asked" bounty to hackers in an attempt to recover some of the funds stolen from its recently merged DAO partner Rari Capital. Blockchain security firms BlockSec and CertiK say the amount of stolen funds totals about $80 million.
DeFi platform Deus Finance has been hit by hackers for the second time in two months, likely raking up losses of about $10 million in the latest incident. Its co-founder Lafayette Tabor tells ISMG that the incident was the result of a zero-day exploit. The firm is currently investigating the matter.
Decentralized credit-based stablecoin protocol Beanstalk was the victim of "a theft of about $76 million in non-Beanstalk user assets." The Ethereum-based protocol did not specify what those assets included, but blockchain security firm PeckShield says the total losses are likely $182 million.
Last week, the U.S. Department of Justice said that law enforcement authorities had made "one of the largest cryptocurrency forfeiture actions ever filed by the United States," confiscating about $34 million worth of cryptocurrency "tied to illegal dark web activity." Here's how they made it happen.
A yearlong joint operation by law enforcement agencies across several countries led to the shuttering of darknet marketplace RaidForums and the seizure of three domains hosting the website. Its 21-year-old alleged founder and two unidentified co-conspirators have also been arrested.
A $960,000 NFT rug pull scam has affected at least 1,191 people who bought the tokens, a blockchain investigator and researcher who tweets as @zachxbt tells ISMG. Michael Fasanello, a private sector compliance professional specializing in anti-money laundering, also verifies the scam.
Two teenage boys arrested and charged by the City of London Police in connection with its investigation into the Lapsus$ hacking group have been released on bail for an undisclosed sum. They are due to appear in Southwark Crown Court on April 29.
Days after the recent Okta data breach, parts of a security report, allegedly created by Mandiant, were leaked, giving the breach timeline and how the threat group gained access to Okta's environment. Security experts, including an Okta customer, discuss the report, supply chain risks and redress.
Two 20-year-olds have been charged in the U.S. for conspiring to commit wire fraud and launder money as part of a million-dollar scheme involving non-fungible tokens - or NFTs. The charges each carry a maximum sentence of 20 years in prison.
Okta says it should have notified customers of a breach earlier and that Lapsus$ compromised a laptop belonging to Sitel, a third-party customer support firm, via remote desktop protocol, enabling it to infiltrate Okta's network. Cybersecurity experts discuss the impact of the breach and offer mitigation advice.
Identity management company Okta and Microsoft have confirmed breaches by the Lapsus$ group, which has been on a high-profile hacking spree. Okta is facing increasing pressure to more fully describe the impact of its incident, as Okta's identity systems are widely used across enterprises.
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