The hacker accumulated as much as $90 million worth of crypto from wallets with weak private keys during a six-year thieving spree.
Cybercrime News
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.
- News6772
- News
A number of industry pundits believe the U.S. Office of Foreign Assets Control’s threat to impose sanctions has victims thinking twice about paying up.
4806 - News
The abnormal number of illicit transactions is caused by the equally record-breaking scale of international sanctions.
2590 - News
The United Kingdom’s top crime agency is looking to hire a crypto investigator with experience of identifying and recovering seed phrases.
6814 - News
A Bitcoin OG and core developer Luke Dashjr claims his PGP key was compromised, resulting in virtually all his Bitcoin being stolen from him on Dec. 31.
23562 - Opinion
After 2022, we need to do more to assure skeptical users that they can invest in cryptocurrency without fearing that their funds will be lost.
2968 - Analysis
A handful of obfuscation protocols are competing for the user base of OFAC-sanctioned Tornado Cash.
7035 - News
Forecasts predict cryptocurrency criminals laundering more than $10 billion through cross-chain bridges by 2025, leading to calls for holistic screening solutions.
2876 - News
The cybersecurity firm predicted that crypto-related cybercrime won’t slow down in 2023, but it will move on from Bitcoin as a source of payment.
7717 - Interview
Binance’s Investigations and Intelligence team plays a role in helping global law enforcement agencies identify and combat crypto-related crime.
3254 - News
The Deribit hot wallet hacker has transferred 1,610 ETH (over $2.5 million) to Tornado Cash, according to data from the Ethereum block explorer Etherscan.
5076 - News
Cash and hawala remain the “predominant methods of terror financing,” according to a UN official. However, “advanced” terror organizations are turning to cryptocurrencies.
3617 - Interview
Law enforcement will need to “continually evolve” in order to keep pace with criminals, Australia’s federal police said.
2622 - News
Former FBI special agent BJ Kang has been onboarded with Binance.US to steer a new investigative unit aimed at finding and stopping illegal activity.
5885 - News
Interpol’s metaverse is up and running and has been designed to streamline communication between various units, along with providing an avenue to conduct education and training.
3915