Binance has teamed up with Hong Kong police to fight cybercrime. Cyber Security and Technology Crime Bureau began a training session on January 30. Binance Holdings Ltd. bought a controlling share in ...
Tag: Cybercrime
South Korea to Build a Crypto Tracking System to Prevent Cybercrime: Report
South Korea has long been a very important market for crypto exchanges and DeFi platforms. FTX, for instance, reportedly made a fortune off of the so-called Kimchi Premium, the gap in price between th...
FBI confirms North Korean cybercrime groups stole crypto from Horizon Bridge
The FBI has identified two North Korean cybercrime groups in connection to the Horizon Bridge hack The bureau claimed that a portion of the stolen Ethereum (ETH) was converted to Bitcoin (BTC) The Uni...
The Developing Connection Between Cryptocurrency and Cybercrime
The wild ride of cryptocurrencies isn’t simply influencing people that mine or exchange crypto. It just so happens, the mysterious stages that run crypto have also become progressively connected with ...
Bitcoin Will Become ‘Less Important’ for Cybercrime Payments: Kaspersky
Cybersecurity company Kaspersky reported that ransomware negotiations and payments may soon come to rely less on Bitcoin as a means of payment. The Russian-founded firm attributed this transition to i...
FBI Busts Russian-Linked Cybercrime Group Behind Colonial Pipeline Attack –
The FBI has recognized the guilty party behind the ransomware assault against Pilgrim Pipeline The agency had the option to do it with the assistance of Chainalysis’ crypto-tracer programming Chainaly...
New UK Crypto Bill Aims to Tackle ‘Profits From Fraud, Drugs, and Cybercrime’
The U.K. government has introduced a new bill to prevent money laundering and fraud. The bill also covers some aspects related to crypto. The United Kingdom has introduced a new bill that will focus o...
Samsung says personal data of some U.S. customers exposed in breach
Samsung Electronics Co. is warning some U.S. customers that their personal data was exposed in a recent breach. Samsung announced the breach in a brief statement late Friday, as Americans were about t...
Ukraine’s National Police Exposes Crypto Cybercrime Group Targeting Europeans
The National Police of Ukraine (NPU) successfully took down a network of “call centers” on Tuesday that targeted Ukrainian and European Union citizens who had been victims of crypto scams....
Ukrainian National Police Bust Cybercrime Group
The National Police of Ukraine (NPU) has successfully taken down a network of call centers that targeted Ukrainian and European Union citizens who had been the target of cryptocurrency scams. Investig...
US Completes Crypto Money Launderer Extradition from Netherlands on Cybercrime Charges
The US recently secured the extradition of an alleged Russian crypto money launderer from the Netherlands on charges of Ryuk cybercrime. According to a recent press release from the Department of Just...
China Fines Ride-Hailing Giant Didi $1.2 Billion, Citing Cybersecurity Breaches
SINGAPORE—Chinese authorities fined ride-hailing company Didi Global the equivalent of about $1.2 billion, bringing an end to a yearlong investigation into the company’s cybersecurity practices. The f...
This Billion-Dollar Crypto Loan Is Easy to Get, but Gone in a Flash
A hacker who robbed the decentralized stablecoin platform Beanstalk in April had a powerful tool: a $1 billion loan taken out with no collateral, no proof of income and no identity verification. The l...
Cybercrime Experts are switching to the Crypto Industry from police: NPCC
The crypto-industry pays far too well for cybersecurity professionals to stay in law enforcement. The National Police Chiefs’ Council (NPCC) of the United Kingdom claims that cybercrime professionals ...
UK Crypto Firms Are Attracting Cybercrime Experts With Huge Pay Increases
UK crypto firms are beginning to poach experienced cybercrime police in an effort to ensure their regulatory compliance measures, according to a report from Bloomberg. The National Police Chiefs’ Coun...
Police are Losing Cybercrime Experts to the Crypto Industry, says NPCC
The United Kingdom’s National Police Chiefs’ Council (NPCC) claims that it’s losing cybercrime experts at 3 to 4 times the rate of the rest of policing. The crypto industry appears to be largely respo...
The Lazarus Group A North Korean Cybercrime Organization Was Involved In The Ronin Hack
Sky Mavis secured $150 million in a round led by Binance about a week after the unprecedented hack was reported to refund some of the customers who lost money in the heist. The Lazarus Group’s S...
CISO Pasi Koistinen on Cryptomarkets, Cybercrime and His Role in Coinhako
The NewsBTC team interacted with Pasi Koistinen for the first time after he was appointed the CISO of Coinhako. We asked him a few questions about the new role and his views on crypto markets and cybe...
North Korean Cybercrime Syndicate Lazarus Group Implicated in Ronin Hack
Key Takeaways An ETH address implicated in the $550M+ exploit has been attributed to the Lazarus Group, a cybercrime group affiliated with North Korea. Chainalysis noted today that the Treasury Depart...
DeFi Protocol Wonderland Involves Cybercrime, Associated with Canadian Crypto Exchange Quadriga
According to Bloomberg, a decentralized finance project called Wonderland involving a felon associated with Canadian cryptocurrency exchange Quadriga has sparked widespread controversy, turning DeFi i...
NCFTA enlists Binance in its fight against cybercrime
TL; DR Breakdown NCFTA partners with Binance in its fight against cybercrime Binance’s fight against scams in the crypto sector NCFTA will provide resources for investigations Cybercrime has become on...
‘The goal is never to seek the top’: The wild, hair-raising ride of a 30-something investor who battled against NFT hackers and dodged the crypto crash
Vinny Zane has a taste for life — and an appetite for risk. The 38-year-old teacher and father of a 2-year-old son on Brooklyn’s Coney Island got into crypto in 2017 with $4,000 worth of Bitcoin, and ...