Cybercrime

Trump Views Crypto a Threat, Proposes Countermeasures in New Budget

</header> <strong>The White House released the Budget of the U.S. Government on Monday, outlining some proposals to increase cryptocurrency oversight which President Donald Trump views as priorities. The budget proposes giving the Treasury more power over crypto and requests funding for FinCEN to expand its efforts to combat threats including from cryptocurrency.</strong> Also read: Bitcoin, …

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UK High Court Orders Freeze on $1M of Bitcoin in Ransomware Case

A United Kingdom High Court ordered a proprietary injunction on Bitcoin (BTC) obtained through a ransomware attack on a Canadian insurance company. A proprietary injunction is an order which prevents a person from dealing with their own assets when it is subject of a proprietary claim. On Jan. 17, the UK High Court released documents …

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Three people sentenced for running $100 million malware crime network

Sponsored Links bpperry via Getty Images The takedown of a massive malware crime network is now leading to consequences for some of its alleged participants. The US and the country of Georgia have sentenced three people for their roles in using GozNym malware to steal upwards of $100 million. Krasimir Nikolov was sentenced in the …

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Alleged ‘Dark Overlord’ Hacker Gang Member Extradited to US

A British national has been extradited to the U.S. for his alleged participation in “The Dark Overlord” hacker group that stole data from several Missouri companies and demanded ransom paid in bitcoin.  He is an alleged member of the international hacker collective known as “The Dark Overlord.” That group came to prominence through brazen attacks …

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SIM-Swap Victim Sues Crypto Exchange Bittrex for $1M Bitcoin Theft

Gregg Bennett, a SIM-swap hack victim and angel investor, sued cryptocurrency exchange Bittrex over allegedly allowing the theft of nearly $1 million in Bitcoin (BTC). According to a press release published on Oct. 30, Bennett believes the exchange violated its own security standards and allowed hackers to steal his cryptocurrency in April. The lawsuit, filed …

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Fusion Network’s Token Swap Wallet Compromised, FSN Price Plummets

Fusion Network’s token swap wallet was compromised. Roughly a third of FSN tokens was stolen as a result. Fusion Foundation announced in a Medium post published on Sept. 29 that its swap wallet was compromised, which resulted in the theft of 10 million native FSN and 3.5 million Ethereum (ETH)-based ERC-20 FSN tokens. The Foundation’s …

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Four Out of Five Top Bitcoin QR Code Generators are Scams: Report

Four out of the first five results presented when querying Google for a “bitcoin qr generator” lead to scam websites. The findings Cryptocurrency wallet ZenGo wrote the findings in a blog post published on Aug. 29. Reportedly, when researching prior to implementing QR Code support in their wallet, ZenGo learned of the prevalence of scam …

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HBO’s ‘Hackerville’ cybercrime series debuts in the US

Sponsored Links HBO HBO is releasing Hackerville, its German series about a talented Romanian teenage hacker, to American audiences. The show follows German cybercrime investigator Liza Metz (Anna Schumacher) who is sent back to her hometown in Romania to investigate a major hack against a German bank. Lisa teams up with a local cop, Adam …

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Report: Two Israeli Brothers Arrested for Hack of Bitfinex Crypto Exchange

Two Israeli brothers have been arrested in connection with the hack of cryptocurrency exchange Bitfinex and other crypto-related phishing attacks, finance news outlet Finance Magnates reports on June 23. An Israeli police spokesperson reportedly told Finance Magnates that Eli Gigi and his younger brother Assaf Gigi netted tens of millions of dollars. The two are …

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Grand Theft Crypto: The State of Cryptocurrency-Stealing Malware and Other Nasty Techniques

Much of digital assets’ appeal stems from the fact that many of them are not affiliated with or controlled by governments, central banks or transnational corporations (at least, not yet). The price paid for the independence from institutions of global capitalism, though, might sometimes be extremely high, as, in the event of cryptocurrency theft, there …

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