HashFlare Fraud: Two Estonians Admit to Running $577M Crypto Scam

Two Estonian nationals plead guilty to a $577M cryptocurrency Ponzi scheme through HashFlare, defrauding hundreds of thousands globally.…...

INTERPOL Busts African Cybercrime: 1,006 Arrests, 134,089 Malicious Networks Dismantled

An INTERPOL-led operation has led to the arrest of 1,006 suspects across 19 African countries and the takedown of 134,089 malicious infrastructures and networks as part of a coordinated effort to disrupt cybercrime in the continent. Dubbed Serengeti , the law enforcement exercise took place betwe...

Bitcoin Forensic Analysis Uncovers Money Laundering Clusters and Criminal Proceeds

A forensic analysis of a graph dataset containing transactions on the Bitcoin blockchain has revealed clusters associated with illicit activity and money laundering, including detecting criminal proceeds sent to a crypto exchange and previously unknown wallets belonging to a Russian darknet marke...

Magnitude EK actor goes for Bitcoin multiplier scam (updated)

It is well known that hot commodities tend to attract scammers and online criminals. The continuous rise of Bitcoin over the past year valued at over USD $7,188 at the time of writing is generating frenzy amongst fans of cryptocurrencies as well as those watching from the sidelines. While the...

This Week in Security News

Welcome to our weekly roundup, where we share what you need to know about the cybersecurity news and events that happened over the past few days. Below you’ll find a quick recap of topics followed by links to news articles and/or our blog posts providing additional insight. Be sure to check back...

Creator of Bitcoin Mining Schemes faces $12 Million for Ponzi Scam

Every time a new topic trends on the Internet, scammers take advantage of it. You must have heard of Bitcoin and how in recent days it has made some early investors millionaire overnight. Yes, the Bitcoin boom is back, and it's real — a digital currency that has just crossed a new milestone today...