As tech advances, so too, do the malware attacks. Amid a pandemic, ransomwares are turning to privacy-centric coins to get away with crime.
Cybercrime is a crime made on/against computers and/or a network. Computers and networks may be both a tool or a target of an attacker. Cryptocurrency cybercrimes and Bitcoin-oriented cybercrimes are now an inseparable part of the industry. Cryptocurrency allows cybercrimes like hacking, phishing and various scamming schemes. There were a lot of notable cryptocurrency thefts with the latest cybercrime cases being the Coincheck hack (with $400 million worth of NEM tokens stolen in 2018) and NiceHash (with $60 million stolen). Cybercrimes also may be performed within the blockchain, like the infamous DAO event, where $50 million worth of Ethereum was taken by the hacker and led to the hard fork of the whole platform. Different types of wallet services for altcoins are one of the main targets of cybercrimes, as a flaw in the system gives hacker access to multiple accounts.
A report released by crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility.5365
The co-founder of the Infraud Organization pleaded guilty to racketeering charges before a U.S. District Court in the District of Nevada.9470
New findings show a major domain provider as a focal point for massive global spying.6139
A South Korean government agency aims to trace crypto transactions conducted on the dark web by developing an AI-based software.3849
Even Vladimir Putin was not able to save this Dark Web mastermind who ran an elite invite-only cybercrime club.10601
CryCyptor ransomware poses as a government-backed COVID-19 Android tracing app to deploy its attack.8793
SophosLabs published a study that revealed hackers use the blockchain network to share secret messages.3510
A recent U.S. government hearing showed a significant uptick in online crime since COVID-19 took over in 2020.6245
The U.S. Treasury added six Nigerian individuals to its sanctions list for alleged cybercrimes.5619
A new Bitcoin-related scam emerged through a phishing site that impersonates a self-destructing encrypted notes service.4611
Hackers have obtained over 5,000 email addresses from Coinsquare’s database and intend to use them for SIM swapping attacks.9927
A cryptocurrency analyst recently said that he is surprised that Bitcoin Cash did not yet fall victim to an attack, given the fall in its hashrate.9520
A security researcher discovered another 22 Google Chrome web browser extensions that tried to steal users’ cryptocurrencies.13837
Experts warned that South Korean authorities may struggle to identify all people who used crypto payments.4935