$13.74M Hack Shuts Down Sanctioned Grinex Exchange After Intelligence Claims

Grinex, a Kyrgyzstan-incorporated cryptocurrency exchange sanctioned by the U.K. and the U.S. last year, said it's suspending operations after it blamed Western intelligence agencies for a $13.74 million hack. The exchange said it fell victim to what it described as a large-scale cyber attack tha...

Chinese Phishing Service Haozi Resurfaces, Fueling Criminal Profits

A Chinese-language PhaaS platform Haozi is making cybercrime easy with no tech skills needed. Discover how this plug-and-play service facilitated over $280,000 in illicit transactions...

U.S. Treasury Sanctions Sinbad Cryptocurrency Mixer Used by North Korean Hackers

The U.S. Treasury Department on Wednesday imposed sanctions against Sinbad, a virtual currency mixer that has been put to use by the North Korea-linked Lazarus Group to launder ill-gotten proceeds. "Sinbad has processed millions of dollars' worth of virtual currency from Lazarus Group heists,...

Beware: 1,000+ Fake Cryptocurrency Sites Trap Users in Bogus Rewards Scheme

A previously undetected cryptocurrency scam has leveraged a constellation of over 1,000 fraudulent websites to ensnare users into a bogus rewards scheme since at least January 2021. "This massive campaign has likely resulted in thousands of people being scammed worldwide," Trend Micro researchers...

Researchers Uncover a Nigerian Hacker's Pursuit of his Million Dollar Dream

Social engineering-driven malware threats continue to be a big threat, but new research details how cybercriminals profit off such schemes to launder hundreds of thousands of dollars from stolen credit cards of unsuspecting victims. Cybersecurity firm Check Point Research, in a report shared with...

Neverquest Banking Trojan Targets More Than 100 Banks

Banking malware with a particular liking for Fidelity Investments has infected several thousand victims worldwide, and has the capacity for much greater harm, in particular during the upcoming holidays, according to researchers at Kaspersky Lab. A report released today describes the threat posed ...