Alleged Co-Founder of Garantex Arrested in India

Authorities in India today arrested the alleged co-founder of Garantex , a cryptocurrency exchange sanctioned by the U.S. government in 2022 for facilitating tens of billions of dollars in money laundering by transnational criminal and cybercriminal organizations. Sources close to the investigati...

Bybit Hack: $1.4B Stolen from World’s 2nd Largest Crypto Exchange

In a major cybersecurity incident, Bybit, the world's 2nd-largest crypto exchange suffered a $1.4 billion ETH hack from…...

Binance Warns of Rising Clipper Malware Attacks Targeting Cryptocurrency Users

Cryptocurrency exchange Binance is warning of an "ongoing" global threat that's targeting cryptocurrency users with clipper malware with the goal of facilitating financial fraud. Clipper malware, also called ClipBankers, is a type of malware that Microsoft calls cryware, which comes with...

Russian Operator of BTC-e Crypto Exchange Pleads Guilty to Money Laundering

A Russian operator of a now-dismantled BTC-e cryptocurrency exchange has pleaded guilty to money laundering charges from 2011 to 2017. Alexander Vinnik, 44, was charged in January 2017 and taken into custody in Greece in July 2017. He was subsequently extradited to the U.S. in August 2022. Vinnik...

MFA Spamming and Fatigue: When Security Measures Go Wrong

In today's digital landscape, traditional password-only authentication systems have proven to be vulnerable to a wide range of cyberattacks. To safeguard critical business resources, organizations are increasingly turning to multi-factor authentication MFA as a more robust security measure. MFA...

Founder of Bitzlato Cryptocurrency Exchange Pleads Guilty in Money-Laundering Scheme

The Russian founder of the now-defunct Bitzlato cryptocurrency exchange has pleaded guilty, nearly 11 months after he was arrested in Miami earlier this year. Anatoly Legkodymov aka Anatolii Legkodymov, Gandalf, and Tolik, according to the U.S. Justice Department, admitted to operating an...

Japanese Cryptocurrency Exchange Falls Victim to JokerSpy macOS Backdoor Attack

An unknown cryptocurrency exchange located in Japan was the target of a new attack earlier this month to deploy an Apple macOS backdoor called JokerSpy. Elastic Security Labs, which is monitoring the intrusion set under the name REF9134, said the attack led to the installation of Swiftbelt, a...

Twitter Hacker Sentenced to 5 Years in Prison for $120,000 Crypto Scam

A U.K. citizen who took part in the massive July 2020 hack of Twitter has been sentenced to five years in prison in the U.S. Joseph James O'Connor aka PlugwalkJoe, 24, was awarded the sentence on Friday in the Southern District of New York, a little over a month after he pleaded guilty to the...

Two Russian Nationals Charged for Masterminding Mt. Gox Crypto Exchange Hack

The U.S. Department of Justice DoJ has charged two Russian nationals in connection with masterminding the 2014 digital heist of the now-defunct cryptocurrency exchange Mt. Gox. According to unsealed indictments released last week, Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, have been accuse...

[updated]Ransomware money laundering operation disrupted, founder arrested

The US Department of Justice DOJ has released information about the arrest of Anatoly Legkodymov, the founder and majority owner of a cryptocurrency exchange called Bitzlato, on money laundering charges. Legkodymov, a Russian national who lives in China, is accused of processing over $700 million...

Bitzlato Crypto Exchange Founder Arrested for Aiding Cybercriminals

The U.S. Department of Justice DoJ on Wednesday announced the arrest of Anatoly Legkodymov aka Gandalf and Tolik, the cofounder of Hong Kong-registered cryptocurrency exchange Bitzlato, for allegedly processing $700 million in illicit funds. The 40-year-old Russian national, who was arrested in...

How to exchange Binance Coin (BNB) cryptocurrency

By Owais Sultan Binance Coin BNB is the worlds most sought-after cryptocurrency exchange token. It was launched on Binance in 2017… This is a post from HackRead.com Read the original post: How to exchange Binance Coin BNB cryptocurrency...

North Korea Hackers Spotted Targeting Job Seekers with macOS Malware

The North Korea-backed Lazarus Group has been observed targeting job seekers with malware capable of executing on Apple Macs with Intel and M1 chipsets. Slovak cybersecurity firm ESET linked it to a campaign dubbed "Operation Interception" that was first disclosed in June 2020 and involved using...

FBI: Rise in Business Email-based Attacks a $43B Headache

The FBI warned the global cost of business email compromise BEC attacks is $43 billion for the time period of June 2016 and December 2021. According to FBI report, 241,206 complaints were lodged by the agency’s Internet Crime Center IC3. BEC or email account compromise EAC are an advanced scammin...

De-anonymizing Bitcoin

Andy Greenberg wrote a long article -- an excerpt from his new book -- on how law enforcement de-anonymized bitcoin transactions to take down a global child porn ring. Within a few years of Bitcoins arrival, academic security researchers -- and then companies like Chainalysis -- began to tear...

MFA Glitch Leads to 6K+ Coinbase Customers Getting Robbed

The accounts of at least 6,000 Coinbase customers were robbed of funds after attackers bypassed the cryptocurrency exchange’s multi-factor authentication MFA. According to a notification letter PDF – seen and posted by BleepingComputer, which first reported the story – that Coinbase sent to...

Feds Sanctions SUEX Cryptocurrency Exchange for Laundering Ransomware Payouts

In an unprecedented move, the federal government has sanctioned a cryptocurrency exchange for laundering ransom transactions for cybercriminals and helping them evade law-enforcement activity. As part of its continued hardline against ransomware attacks, the U.S. Department of Treasury has...

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...

Identifying the Person Behind Bitcoin Fog

The person behind the Bitcoin Fog was identified and arrested. Bitcoin Fog was an anonymization service: for a fee, it mixed a bunch of peoples bitcoins up so that it was hard to figure out where any individual coins came from. It ran for ten years. Identifying the person behind Bitcoin Fog serve...

Cryptocurrency exchange in liquidation due to hack, hacked again

By Waqas Cryptopia cryptocurrency exchange was hacked in 2019 and put into liquidation after suffering a loss of USD 30 million in crypto-assets. This is a post from HackRead.com Read the original post: Cryptocurrency exchange in liquidation due to hack, hacked again...