Ramesh has seven years of experience writing and editing stories on finance, enterprise and consumer technology, and diversity and inclusion. She has previously worked at formerly News Corp-owned TechCircle, business daily The Economic Times and The New Indian Express.
Every week, ISMG rounds up cybersecurity incidents in the world of digital assets. In focus between March 10 and 16: a ChipMixer takedown, Euler Finance and Poolz Finance hacks, bugs on 280 blockchains, Dero coin, and a report from the Financial Action Task Force on ransomware financing.
U.S. and German police seized darknet cryptocurrency anonymizing service ChipMixer, which federal prosecutors say cybercriminals used to launder $3 billion including proceeds from ransomware extortion and North Korean cryptocurrency hacking. Among its alleged customers: LockBit and the Russian GRU.
Threat actors who mine digital assets using other people's infrastructure have found a lucrative new cryptocurrency to motivate their hacking: the privacy-focused currency named Dero. CrowdStrike says it discovered a first - a Dero cryptojacking operation operating on a Kubernetes cluster.
Hackers are draining millions of dollars from decentralized finance protocol Euler Finance in an ongoing attack. The theft of crypto funds worth $197 million marks the largest exploit in 2023 so far. Euler Finance said it is aware of the incident.
Every week, ISMG rounds up cybersecurity incidents in the world of digital assets. Between March 3 and March 9, Tender.fi paid a white hat reward to a thief, a Uranium Finance hacker began to launder stolen funds, Algodex revealed security breaches and BitKeep was working to reimburse hack victims.
Every week, Information Security Media Group rounds up cybersecurity incidents in the world of digital assets. This week, we look at incidents at Hope Finance, decentralized finance firm new malware demanding crypto and a phishing campaign aimed at Coinbase.
Holding cryptocurrencies in anything but a memory drive inside a box shielded with a Faraday cage seemed to tempt fate during 2022. And for that - apart from the outright alleged larceny behind the collapse of FTX - the cryptocurrency world can in large measure finger DeFi platforms.
Another day, another crypto hack: A hacker on Wednesday exploited a smart contract vulnerability on a decentralized platform to steal cryptocurrency. The attacker got away with either $120 million or $1 million, depending on whom you ask. It's complicated.
North Korean hackers stole $1.7 billion in cryptocurrency during 2022, most of it from decentralized finance platforms, Chainalysis finds. North Korean hackers are "systematic and sophisticated" in hacking and laundering stolen funds, and the nation supports cryptocurrency-enabled crime.
The Dutch central bank fined Coinbase 3.3 million euros, saying the U.S. cryptocurrency exchange failed to comply with the national anti-money laundering statute. Since May 2020, Dutch law has required crypto companies operating in the Netherlands to register as money transmitters.
North Korea's Lazarus Group was behind the $100 million theft from the Horizon blockchain bridge, the U.S. federal government confirmed. The FBI vowed "to expose and combat North Korea's use of illicit activities - including cybercrime and virtual currency theft - to generate revenue."
U.S. regulators filed a civil lawsuit against accused Mango Markets manipulator Avraham Eisenberg, who already faces criminal prosecution for allegedly stealing $114 million. The Commodity Futures Trading Commission suit is the agency's first action against an oracle price manipulation strategy.
U.S. banking regulators warned banks to be wary of cryptocurrencies, writing in a joint statement that digital assets on decentralized networks are "highly likely to be inconsistent with safe and sound banking requirements." The missive comes after a volatile year for cryptocurrency.
Former cryptocurrency billionaire Sam Bankman-Fried entered a "not guilty" plea in Manhattan federal district court Tuesday. He faces up to 115 years in prison if found guilty on all counts. Bankman-Fried has been out on $250 million bail in home detention with his parents in California.
The Bahamas Securities Commission seized digital assets worth $3.5 billion from local firm FTX Digital Markets. The regulator says the funds were at risk of "imminent dissipation" due to hack attacks and will temporarily remain under its exclusive control, stored in secure digital wallets.
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