How Cybercrime Markets Launder Breach Proceeds and What Security Teams Miss

Explore how cybercrime markets turn stolen data into laundered funds using dollar‑pegged assets, mixers and exchanges-and why tracking BTC USDT price and stablecoin flows now matters for security, fraud and AML teams...

Bitcoin Fog Founder Sentenced to 12 Years for Cryptocurrency Money Laundering

The 36-year-old founder of the Bitcoin Fog cryptocurrency mixer has been sentenced to 12 years and six months in prison for facilitating money laundering activities between 2011 and 2021. Roman Sterlingov, a dual Russian-Swedish national, pleaded guilty to charges of money laundering and operatin...

69,000 Bitcoins Are Headed for the US Treasury—While the Agent Who Seized Them Is in Jail

The $4.4 billion in crypto is set to be the largest pile of criminal proceeds ever sold off by the US. The former IRS agent who seized the record-breaking sum, meanwhile, languishes in a Nigerian jail cell...

CISA Warning: Akira Ransomware Exploiting Cisco ASA/FTD Vulnerability

The U.S. Cybersecurity and Infrastructure Security Agency CISA on Thursday added a now-patched security flaw impacting Cisco Adaptive Security Appliance ASA and Firepower Threat Defense FTD software to its Known Exploited Vulnerabilities KEV catalog, following reports that it's being likely...

Interpol Busts Phishing-as-a-Service Platform '16Shop,' Leading to 3 Arrests

Interpol has announced the takedown of a phishing-as-a-service PhaaS platform called 16Shop, in addition to the arrests of three individuals in Indonesia and Japan. 16Shop specialized in the sales of phishing kits that other cybercriminals can purchase to mount phishing attacks on a large scale,...

EncroChat Bust Leads to 6,558 Criminals' Arrests and €900 Million Seizure

Europol on Tuesday announced that the takedown of EncroChat in July 2020 led to 6,558 arrests worldwide and the seizure of €900 million in illicit criminal proceeds. The law enforcement agency said that a subsequent joint investigation initiated by French and Dutch authorities intercepted and...

U.K. Fraudster Behind iSpoof Scam Receives 13-Year Jail Term for Cyber Crimes

A U.K. national responsible for his role as the administrator of the now-defunct iSpoof online phone number spoofing service has been sentenced to 13 years and 4 months in prison. Tejay Fletcher, 35, of Western Gateway, London, was awarded the sentence on May 18, 2023. He pleaded guilty last mont...

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...

Borrowers may earn auction proceeds without filling the debt shortfall

Lines of code Vulnerability details Impact The proceeds from the collateral auctions will not be used to fill the debt shortfall, but be transferred directly to the borrower. Proof of Concept Assume N is an allowed NFT, B is a borrower, the vault V is vaultInfoBN: 1. B add two NFTsN-1 and N-2 as...

Ukrainian Authorities Arrested Phishing Gang That Stole 100 Million UAH

The Cyber Police of Ukraine last week disclosed that it apprehended nine members of a criminal gang that embezzled 100 million hryvnias via hundreds of phishing sites that claimed to offer financial assistance to Ukrainian citizens as part of a campaign aimed at capitalizing on the ongoing...

Loss of funds due to premiums and proceeds accruing to address(0) by default

Lines of code Vulnerability details Premiums and proceeds earned will accrue to the zero address by default, instead of the vault owner, and the funds will be irrecoverable. Proof of concept vaultBeneficiariesvaultId is not set during createVault, so any call to getVaultBeneficiary will return...

Interpol Arrests Over 1,000 Cyber Criminals From 20 Countries; Seizes $27 Million

A joint four-month operation coordinated by Interpol, the international criminal police organization, has culminated in the arrests of more than 1,000 cybercriminals and the recovery of $27 million in illicit proceeds. Codenamed "HAECHI-II," the crackdown enabled law enforcement units from across...

Missing zero-address check for the beneficiary address

Handle 0xRajeev Vulnerability details Impact The beneficiary address specified in constructor receives all the proceeds from NFT sales which could be of significant value. However, there is no zero-address validation of this beneficiary address parameter during initialization in the constructor...

Russian Hacker Gets 12-Years Prison for Massive JP Morgan Chase Hack

A U.S. court on Thursday sentenced a 37-year-old Russian to 12 years in prison for perpetrating an international hacking campaign that resulted in the heist of a trove of personal information from several financial institutions, brokerage firms, financial news publishers, and other American...

Feds Seize $1B in Bitcoin from Silk Road

The feds have seized its largest stash ever of Bitcoin, originating from the notorious Silk Road underground marketplace. The federal coffers are now $1 billion richer. Silk Road was known for the place to go to broker illegal drugs, murder-for-hire, child pornography and malware – such as passwo...

DEBIAN-CVE-2020-14154

Mutt before 1.14.3 proceeds with a connection even if, in response to a GnuTLS certificate prompt, the user rejects an expired intermediate certificate...

United States Sues Edward Snowden and You'd be Surprised to Know Why

The United States government today filed a lawsuit against Edward Snowden, a former contractor for the CIA and NSA government agencies who made headlines worldwide in 2013 when he fled the country and leaked top-secret information about NSA's global and domestic surveillance activities. And you...