Hacker Steals $610M of Cryptocurrency—and Returns Most of It

Plus: An Apple lawsuit, a VPN audit, and more of the week's top security news...

New Anti Anti-Money Laundering Services for Crooks

A new dark web service is marketing to cybercriminals who are curious to see how their various cryptocurrency holdings and transactions may be linked to known criminal activity. Dubbed "Antinalysis," the service purports to offer a glimpse into how ones payment activity might be flagged by law...

Why Is There A Surge In Ransomware Attacks?

The U.S. is presently combating two pandemics--coronavirus and ransomware attacks. Both have partially shut down parts of the economy. However, in the case of cybersecurity, lax security measures allow hackers to have an easy way to rake in millions. It's pretty simple for hackers to gain...

Crypto-scams you should be steering clear of in 2021

A fair few cryptocurrency scams have been doing the rounds across 2021. Most of them are similar if not identical to tactics used in previous years with an occasional twist. Here’s some of the most visible ones you should be steering clear of. Recovery code theft Many Bitcoin wallets make use of...

This Week in Security News - August 13, 2021

This Week in Security News: Hackers Steal $600 million in Largest Ever Cryptocurrency Heist and Cybersecurity is the New ‘Great Game’...

Hackers steal $600 million in largest ever cryptocurrency heist

By Waqas As per Poly Network hackers exploited a vulnerability in contract calls where a contract can modify the keeper of a contract, execute transactions. This is a post from HackRead.com Read the original post: Hackers steal $600 million in largest ever cryptocurrency heist...

Crypto Hack Earned Crooks $600 Million

Attackers reportedly stole $600 million from the cryptocurrency platform Poly Network, in what experts say is one of the largest crypto heists to date. Poly Network, a decentralized finance DeFi platform based in China, publicly acknowledged that an attacker “exploited a vulnerability” that allow...

Thief pulls off colossal, $600m crypto-robbery …and gives the money back

The largest crypto-robbery in history is rapidly turning into the most bizarre as well. Lets start at the beginning… In an apparent scream for mercy, 21 hours ago the Poly Network Team reached out via Twitter to “hackers” that had managed to transfer roughly $600 million in digital tokens out of...

Hackers Steal Over $600 Million Worth of Cryptocurrencies from Poly Network

Hackers have siphoned $611 million worth of cryptocurrencies from a blockchain-based financial network in what's believed to be one of the largest heists targeting the digital asset industry, putting it ahead of breaches targeting exchanges Coincheck and Mt. Gox in recent years. Poly Network, a...

Cinobi Banking Trojan Targets Cryptocurrency Exchange Users via Malvertising

We found a new social engineering-based malvertising campaign targeting Japan that delivered a malicious application. The malicious application abused sideloading vulnerabilities to load and start the Cinobi banking trojan...

When coin miners evolve, Part 2: Hunting down LemonDuck and LemonCat attacks

Note: In this two-part blog series, we expose a modern malware infrastructure and provide guidance for protecting against the wide range of threats it enables. Part 1 covered the evolution of the threat, how it spreads, and how it impacts organizations. Part 2 provides a deep dive on the attacker...

When coin miners evolve, Part 2: Hunting down LemonDuck and LemonCat attacks

Note: In this two-part blog series, we expose a modern malware infrastructure and provide guidance for protecting against the wide range of threats it enables. Part 1 covered the evolution of the threat, how it spreads, and how it impacts organizations. Part 2 provides a deep dive on the attacker...

Old crypto malware makes come back, hits Windows, Linux devices

By Deeba Ahmed LemonDuck was first discovered in China in 2019 as a cryptocurrency botnet that used affected systems for Monero mining. This is a post from HackRead.com Read the original post: Old crypto malware makes come back, hits Windows, Linux devices...

PlugwalkJoe Does the Perp Walk

Joseph "PlugwalkJoe" OConnor, in a photo from a paid press release on Sept. 02, 2020, pitching him as a trustworthy cryptocurrency expert and advisor. One day after last summers mass-hack of Twitter, KrebsOnSecurity wrote that 22-year-old British citizen Joseph "PlugwalkJoe" OConnor appeared to...

Another Hacker Arrested for 2020 Twitter Hack and Massive Bitcoin Scam

A U.K. citizen has been arrested in the Spanish town of Estepona over his alleged involvement in the July 2020 hack of Twitter, resulting in the compromise of 130 high-profile accounts. Joseph O'Connor, 22, has been charged with intentionally accessing a computer without authorization and obtaini...

Threat Source newsletter (July 15, 2021)

Newsletter compiled by Jon Munshaw.Good afternoon, Talos readers. The value of cryptocurrency is all over the place. Elon Musk's tweets can send Dogecoin rising and falling. And Monero, the most popular currency for cryptominers, has gone all over the place this year. So does that have... This is...

Cryptominer Farm Rigged with 3,800 PS4s Busted in Ukraine

Authorities in Ukraine have made another cybersecurity bust — this time shutting down what they said is one of the largest underground cryptomining operations ever found. The ring was apparently run by stringing together 3,800 Sony PlayStation 4 PS4 gaming consoles. Cryptominers serve as auditors...

Following the Money: Comparing cryptocurrency value to illicit mining activity

By Nick Biasini In the age of meme stocks, Robinhood and Elon Musk's tweets influencing the global economy, cryptocurrency mining has not seemed as fringe as it once did. Mining has been around as long as these crytocurrencies have, but only really started to gather the attention of criminals in...

170 fraudulent Android apps scamming cryptocurrency enthusiasts

By Deeba Ahmed So far, these fake Android app developers have managed to steal money from 93,000 users and raked in around $350,000. This is a post from HackRead.com Read the original post: 170 fraudulent Android apps scamming cryptocurrency enthusiasts...

Binance receives the ban hammer from UK’s FCA

Binance, the worlds largest and most popular cryptocurrency exchange network, has had a rough few days. First, Japans financial regulator, the Financial Services Agency FSA, issued its second warning to Binance on Friday, 25 June, for operating in the country without permission The first warning...