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About 6,000 Users Falls Trap as Victims under Phishing Attack: Coinbase
cybercrime

About 6,000 Users Falls Trap as Victims under Phishing Attack: Coinbase

The Nasdaq-listed trading platform, Coinbase, says about 6,000 of its users were suffering as victims of a phishing attack that saw user's balances cleared.

Hackers Hungry for Bitcoin and Ether Target Indian Prime Minister Narendra Modi
cybercrime

Hackers Hungry for Bitcoin and Ether Target Indian Prime Minister Narendra Modi

Bitcoin and cryptocurrency hackers seized the social media account of India Prime Minister Narendra Modi today, in an effort to secure Bitcoin and Ether funds.

Chinese Crypto Investors Orchestrated Digital Heist to Recuperate Lost Crypto
cybercrime

Chinese Crypto Investors Orchestrated Digital Heist to Recuperate Lost Crypto

China-based crypto investors launched a cryptocurrency scam of their own, after having been defrauded themselves.

US Army Reveals That North Korea Has A Legion of 6,000 Hackers Working for the Nation
cybercrime

US Army Reveals That North Korea Has A Legion of 6,000 Hackers Working for the Nation

In a tactical report, the US Army unveiled that North Korea possessed government-based divisions assigned to cryptocurrency and crypto cybercrimes.

Darknet AlphaBay Moderator Paid in Bitcoin Sentenced to 11 Years in Prison
cybercrime

Darknet AlphaBay Moderator Paid in Bitcoin Sentenced to 11 Years in Prison

A darknet moderator for marketplace AlphaBay has been apprehended by law officials and sentenced to 11 years in prison.

G7 Bank Sector Higher Money Laundering Risk than Crypto Industry, Reports Mexico Financial Intelligence
cybercrime

G7 Bank Sector Higher Money Laundering Risk than Crypto Industry, Reports Mexico Financial Intelligence

According to a report released by the Financial Intelligence Unit of Mexico, the G7 banking sector was most at risk of money laundering operations.

World Economic Forum Warns Leaders to Brace for Long-Lasting Global Recession as Cybercrimes Surge
cybercrime

World Economic Forum Warns Leaders to Brace for Long-Lasting Global Recession as Cybercrimes Surge

The World Economic Forum (WEF) suggested that leaders around the world need to do more to ensure a quicker and more sustainable recovery for the global economy caused by the COVID-19 pandemic. Amongst the 350 top risk professionals in the world surveyed, these risk managers expect a prolonged global recession, as a number of areas of concern were identified in the report compiled by the Forum’s Global Risks Advisory Board, Marsh & McLennan Companies Inc, and Zurich Insurance Group.

Australian Female Hacker Sentenced to 2 Years of Prison for $400K Ripple (XRP) Crypto Heist
cybercrime

Australian Female Hacker Sentenced to 2 Years of Prison for $400K Ripple (XRP) Crypto Heist

Australia recorded one of its first cases of cryptocurrency theft recently.

Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat
cybercrime

Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat

Cryptocurrency regulation was the hot topic during an ongoing panel hosted by the Association of Certified Financial Crime Specialists.

US Government Creates Cyber Fraud Task Force to Put an End to Crypto Crime
cybercrime

US Government Creates Cyber Fraud Task Force to Put an End to Crypto Crime

The US Secret Service is hoping to put an end to the increasing money-laundering cases that have erupted with the rise of COVID-19, by creating a special division, dubbed the Cyber Fraud Task Force (CFTF).

Deribit Exchange's Hot Wallet Hacked for $28M
cybercrime

Deribit Exchange's Hot Wallet Hacked for $28M

Deribit exchange has revealed it has been hacked for $28 million

TOR Network Vulnerability May Have Facilitated Dark Web Bitcoin Theft
cybercrime

TOR Network Vulnerability May Have Facilitated Dark Web Bitcoin Theft

According to a cybersecurity researcher, Bitcoin thieves and hackers have controlled more exit relays on the Tor network this year than in the past five, raising serious cybersecurity concerns that experts are looking to fix.

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