Belarusian National Linked to BTC-e Faces 25 Years for $4 Billion Crypto Money Laundering

A 42-year-old Belarusian and Cypriot national with alleged connections to the now-defunct cryptocurrency exchange BTC-e is facing charges related to money laundering and operating an unlicensed money services business. Aliaksandr Klimenka, who was arrested in Latvia on December 21, 2023, was...

2 Russians charged in Mt. Gox Bitcoin heist and BTC-e money laundering

By Habiba Rashid Accused individuals allegedly conspired to launder around 647,000 stolen Bitcoins from Mt. Gox, leading to its collapse. This is a post from HackRead.com Read the original post: 2 Russians charged in Mt. Gox Bitcoin heist and BTC-e money laundering...

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...

9 Years After the Mt. Gox Hack, Feds Indict Alleged Culprits

Plus: Instagram’s CSAM network gets exposed, Clop hackers claim credit for MOVEit Transfer exploit, and a $35 million crypto heist has North Korean ties...

Greece U-Turns — Now Approves Mr. Bitcoin's Extradition To Russia

Greece just took another U-turn. Mr. Bitcoin a.k.a. Alexander Vinnik is not going to France nor to the United States; instead, he is now possibly going to his homeland Russia. The Supreme Civil and Criminal Court of Greece on Friday has overruled previous decisions and approved to extradite the...

Greece U-Turns — Now Approves Mr. Bitcoin's Extradition To Russia

Greece just took another U-turn. Mr. Bitcoin a.k.a. Alexander Vinnik is not going to France nor to the United States; instead, he is now possibly going to his homeland Russia. The Supreme Civil and Criminal Court of Greece on Friday has overruled previous decisions and approved to extradite the...

Someone Stole Almost Half a BILLION Dollars from Japanese Cryptocurrency Exchange

Coincheck, a Tokyo-based cryptocurrency exchange, has suffered what appears to be the biggest hack in the history of cryptocurrencies, losing $532 million in digital assets nearly $420 million in NEM tokens and $112 in Ripples. In 2014, Mt Gox, one of the largest bitcoin exchange at that time,...

CEO of Major UK-Based Cryptocurrency Exchange Kidnapped in Ukraine

Pavel Lerner, a prominent Russian blockchain expert and known managing director of one of the major crypto-exchanges EXMO, has allegedly been kidnapped by "unknown" criminals in the Ukranian capital of Kiev. According to Ukraine-based web publication Strana, Lerner, 40-year-old citizen of Russia,...

Bitcoin Exchange Operator Arrested For $4 Billion Money Laundering Scheme

Greek police have arrested a Russian man who is believed to have been the operator of the popular BTC-e Bitcoin exchange on charges of laundering more than $4 billion in bitcoin for culprits involved in hacking attacks, tax fraud and drug trafficking. A United States jury indicted 38-year-old...

'Bitcoin is Now Officially a Commodity' — US Regulator Declared

Bitcoins are making their way, in Bits and Pieces. In a recent report The Hacker News THN had mentioned about banks adopting the Blockchain Technology from Bitcoins; to create a safe and secure distributed ledger. Now, last week U.S. Commodity Future Trading Commission CFTC, has added Bitcoins an...

Bitcoin Transaction Malleability Flaw Resolved

The so-called transaction malleability software issue blamed for the dissolution of Bitcoin exchange Mt. Gox has been patched. Also, the Bitcoin-QT reference client was also rebranded to Bitcoin Core, in order to clear confusion users might have had between the Bitcoin network and software. Bitco...

World’s largest Bitcoin exchange Mt. Gox Shuts Down; CEO quits Bitcoin Foundation

World’s largest Bitcoin exchange Mt. Gox has shut down its website, withdrawal system, deleted its Twitter feed and halted all trading systems after it detected "unusual activity." The Bitcoin Foundation, a Bitcoin advocacy group, confirmed that Mark Karpeles, the chief executive of Tokyo-based M...

Update to Bitcoin Client Fixes DoS Bug, Password Strength

The developers behind Bitcoin-QT, a software wallet used to protect and back up Bitcoin currency, have pushed out a new version of the client, fixing a critical denial-of-service bug, three security issues and fortifying password security. Version 0.8.4 of the original Bitcoin client was posted t...

California issued cease and desist order against Bitcoin Foundation

The Bitcoin Foundation has received a cease-and-desist letter from the California Department of Financial Institutions, which oversees banks, credit unions, and other financial organizations operating in the state. Jon Matonis, who is a board member at the Foundation, revealed the letter on Forbe...

California issued cease and desist order against Bitcoin Foundation

The Bitcoin Foundation has received a cease-and-desist letter from the California Department of Financial Institutions, which oversees banks, credit unions, and other financial organizations operating in the state. Jon Matonis, who is a board member at the Foundation, revealed the letter on Forbe...

Skype Malware Stealing Victims' Processing Power to Mine Bitcoins

Bitcoin may still be a virtual unknown quantity for most people, but the digital currency has not escaped the notice of attackers, many of whom are turning their attention to finding ways to use the system for their own gains. The attacks against Bitcoin exchange Mt. Gox and hack of Instawallet...

DDoS Attack, Database Breach Take Down Two Bitcoin Services

As with any asset of monetary value, once said asset reaches a noteworthy level, cybercriminals’ interest is going to pique. Such is the current situation with virtual currency Bitcoin, which hit a high of $142 yesterday and the value of all Bitcoins in circulation has soared to more than $1...

BitCoin Forum Hacked, Injected With Bill Cosby Images

A hacker compromised a digital currency forum, bitcointalk.org, stealing email addresses and hashed passwords, reading messages, and, of all things, peppering the site with images Bill Cosby, according to a report from SC Magazine. The report claims that the attacker gained root access and starte...