Eric Council Jr. was sentenced to 14 months’ imprisonment for his role in the Jan. 9, 2024, hack of the U.S. Securities and Exchange Commission’s (SEC’s) X account. The convicted, along with co-conspirators, posted false news of the SEC approving the first Bitcoin (BTC) exchange-traded fund in the U.S. In a press release on May […]
Jan 2024 SEC’s X account hacker got 14 months in prison for cyber fraud Read More »
A dozen Americans and foreign nationals have been charged by the U.S. Department of Justice (DOJ) this week for engaging in an online racketeering conspiracy that saw $263 million worth of cryptocurrency netted in the crime scheme, as stated in a May 15 press release. Feds Say Fraudsters Swindled Millions in Crypto According to the
DOJ Busts Crypto Ring: $263M RICO Scam Fueled Supercars, $500K Parties Read More »
Authorities in Paraguay deported three individuals and arrested another in connection with a May 15 attempted robbery at a crypto mining operation in Coronel Bogado, a town and district in Paraguay. According to statements by prosecutor Irene Rolón made during a May 15 interview on local news outlet Monumental TV, the group allegedly targeted computer
Paraguay law enforcement thwarts crypto miner heist, deports arrested suspects Read More »
France is deploying new security measures to protect crypto entrepreneurs after a rash of violent kidnapping attempts raised alarm across the country’s tech sector and ignited political pressure on Interior Minister Bruno Retailleau, AP News reported on May 16. The ministry confirmed that Retailleau met privately with crypto founders to discuss personal safety. According to
The US Department of Justice does not intend to drop its federal criminal charges against Tornado Cash developer and co-founder Roman Storm, Decrypt reported on May 15, citing sources within the DOJ. The DOJ’s decision to proceed comes despite an internal memo circulated last month signaling a potential shift in how the agency handles cases
DOJ to press on with criminal charges against Tornado Cash developer Roman Storm Read More »
Coinbase revealed that it suffered a data breach that affected less than 1% of its active monthly users, according to the May 15 statement. Following the hack, the exchange CEO Brian Armstrong said the perpetrators tried to extort it of $20 million in Bitcoin. How Coinbase was breached According to the exchange, the threat actors
Coinbase resists $20 million Bitcoin ransom demand after insider-led data breach Read More »
Attackers bribed support staff to access internal tools. $20M ransom demand redirected into reward fund. New protections live ahead of S&P 500 entry. Coinbase has disclosed a targeted cyberattack involving bribed overseas contractors, resulting in a significant data breach that impacted less than 1% of its monthly active users. While no funds, passwords, or private
Coinbase breach: attackers demand $20M ransom Read More »
Hong Kong Cyber Security and Technology Crime Bureau (CSTCB) announced the launch of a virtual asset analysis tool to aid in crypto crime investigations. Dubbed ‘CryptoTrace’, the tool is developed in collaboration with the University of Hong Kong, an official release noted. The crypto tool offers “advanced intelligence and investigation support to crime investigation units,”
Hong Kong Police Develop ‘CryptoTrace’ Tool to Help Track Online Crypto Crimes Read More »
France’s Interior Ministry is reportedly set to meet with key players in the country’s crypto industry on May 16 to tackle a rising wave of kidnappings targeting digital asset entrepreneurs, Le Monde reported on May 14. According to the report, Interior Minister Bruno Retailleau said the planned gathering will focus on improving security awareness and
French government to meet crypto leaders over rising kidnapping threats Read More »
Sandeep Nailwal, co-founder of Polygon, has flagged a troubling rise in deepfake scams using his likeness to deceive crypto founders. Polygon is one of the largest Ethereum layer-2 networks. In a May 13 social media post on X, Nailwal said several individuals recently reached out to verify if he had spoken with them over Zoom.
Polygon’s co-founder warns of deepfake video scam using his likeness targeting startups Read More »
