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."
Spanish authorities arrested three senior executives of the now-defunct cryptocurrency exchange platform Bitzlato, Europol announced. The crime coordination agency says about 46% of the assets exchanged through Bitzlato, worth roughly 1 billion euros, were linked to criminal activities.
Cryptocurrency wallet BitKeep says it will compensate victims of a December 2022 hack that cost the users $8 million. The wallet says it will pay victims in USDT stablecoin to counter asset fluctuation. This isn't the first time BitKeep has made customers whole following a hack.
During the ISMG's Cloud Summit Series 2022, Shubham Gupta, 2019 batch IAS officer, narrated how the district administration successfully piloted a blockchain-based caste certificate issuance facility.
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.
There are many questions about the security aspects of the Central Bank Digital Currency, or CBDC, and how it will be deployed. Dr. N. Rajendran, chief digital officer of the Multi Commodity Exchange of India, shares his views on the road ahead with CBDC.
As FTX's bankruptcy proceedings continue, customers of the cryptocurrency exchange have filed a lawsuit against its former leadership, contending that they violated "customer agreements" and that customers' missing assets should be prioritized over all claims filed by creditors.
To deliver much-needed health care solutions during the pandemic, the India innovation hub of Siemens Healthineers worked closely with the health care ecosystem, focused on growing its employees, and invested in emerging technologies like AI/ML and blockchain.
The theft of nearly $400 million from cryptocurrency platform FTX hours after it went belly up is now the subject of an investigation by the U.S. Department of Justice, Bloomberg reports. The criminal case is separate from the criminal fraud prosecution of co-founder Sam Bankman-Fried.
Information Security Media Group asked some of the industry's leading cybersecurity experts about the trends to watch in 2023. Responses covered a variety of emerging threats and evolving trends affecting security technologies, leadership and regulation. Here is a look at the year ahead.
North Korean attackers are using phishing websites to impersonate popular NFT platforms and DeFi marketplaces to steal digital assets worth hundreds of thousands of dollars. They set up nearly 500 decoy sites, including one of a project associated with the World Cup and NFT marketplace OpenSea.
A salute to the career of Johnson & Johnson CISO Marene Allison leads this week's Information Security Media Group Editors' Panel, which also reviews essentials for implementing a zero trust strategy and the use of banking standards to regulate blockchain-based digital assets.
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