Scams & Cybercrime

The defendants allegedly traveled from Missouri to Connecticut to kidnap a Bitcoin holder and force him to transfer cryptocurrency before abandoning the plan.

Galaxy said that at least 15 different attackers have exploited the Coldcard vulnerability, which may have been avoided with just $2 worth of AI hardening, according to Dragonfly’s managing partner.

A former FBI supervisory agent pleaded guilty to stealing about $1 million worth of digital assets from an adversarial country and forfeited about $925,000 in funds to government-controlled wallets.

The five-year bug escaped detection because auditors verified that the intended random number generator existed, but not that it was being called.

Galaxy research head Alex Thorn warned that unconfirmed transactions may give some Coldcard users a narrow opportunity to save their funds.

Three users allege a fake Sparrow Wallet app on Apple’s App Store drained their Bitcoin holdings, with losses totaling more than $1.8 million.

Brazilian police suspect the group of shipping around 6.5 metric tons of cocaine and laundering billions in Brazilian reals through crypto-enabled illicit money brokers.

A hacker reportedly took over Robinhood CEO Vlad Tenev’s X account to promote a fake “VLAD” memecoin, posting what appeared to be a malicious token contract address.

Are the fears of an AI driven hacking epidemic totally overblown, or is this just the lull before the storm?