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Cyber Science 2020 - Pioneering Research & Innovation in Cyber Situational Awareness

Cyber Science 2020 - Pioneering Research & Innovation in Cyber Situational Awareness

Cyber Science is an IEEE sponsored event, in partnership with the Dublin City University, Ireland. The event comprises four joint and co-located internationally refereed conferences, namely: Cyber Situational Awareness (CyberSA), Social Media, Cyber Security and Cyber Incident.

US Intelligence Reveals Extent of North Korea’s “Hidden Cobra” Crypto-Dependent Cyber Crimes

US Intelligence Reveals Extent of North Korea’s “Hidden Cobra” Crypto-Dependent Cyber Crimes

US Intelligence Reveals Extent of North Korea’s “Hidden Cobra” Crypto-Dependent Cyber Crimes

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

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).

Cyberport’s flagship VC event returns to guide investors and entrepreneurs in the new normal of tech venturing

Cyberport’s flagship VC event returns to guide investors and entrepreneurs in the new normal of tech venturing

Cyberport Venture Capital Forum (CVCF), Cyberport’s annual tech investment event, will return on 3-4 November. This year’s event will be held in a virtual and interactive format for the first time, covering how the tech venture ecosystem has been reshaped under the new normal for investors, enterprises and technopreneurs. The two-day virtual forum will gather more than 50 global venture capital (VC) experts to examine key silver linings through a plethora of illuminating keynotes and panel discussions. Furthermore, over 80 virtual booths will be set up for start-ups to showcase innovative tech solutions as part of a comprehensive platform to connect start-ups with investors for power pitching and provide extensive opportunities to explore tech venturing dynamics.

Hong Kong Blockchain Ecosystem

Hong Kong Blockchain Ecosystem

HK Blockchain Ecosystem

US Court Indicts Alleged Lazarus Group Members in $250 Million Crypto Exchange Theft

US Court Indicts Alleged Lazarus Group Members in $250 Million Crypto Exchange Theft

Two Chinese nationals, Tian YinYin and Li Jiadong were sanctioned yesterday by the US Government yesterday for their alleged involvement in laundering stolen cryptocurrency from a 2018 cyberattack. The pair have been charged with stealing nearly $250 million in virtual assets and laundering the money through converting BTC to USD and Chinese Yuan as well as through iTunes gift cards.

$3.6B Worth Bitcoins Scam, Founders of South African Crypto Exchange Africrypt Are Missing

$3.6B Worth Bitcoins Scam, Founders of South African Crypto Exchange Africrypt Are Missing

The total value of $3.6 billion Bitcoins disappeared while the founders of South African cryptocurrency exchange AfriCrypt are missing.

We Have Sufficient Evidence to Identify Actors Behind Massive Hack on Crypto Exchange, says KuCoin CEO

We Have Sufficient Evidence to Identify Actors Behind Massive Hack on Crypto Exchange, says KuCoin CEO

KuCoin CEO has announced that they have found sufficient evidence to identify the criminals behind the massive $280 million hack on the crypto exchange.

Exclusive: What are Top 5 FinTech Career Advice for Graduates?

Exclusive: What are Top 5 FinTech Career Advice for Graduates?

Prof. Aris Stouraitis presents how Master of Science in Finance (FinTech and Financial Analytics) offered by Hong Kong Baptist University strives to nurture interdisciplinary talents and he offers the top 5 career advice for graduates who wish to work in FinTech and blockchain industry!

Silk Road Programmer Pleads Guilty for Covering Up His Darknet Involvement to FBI and IRS

Silk Road Programmer Pleads Guilty for Covering Up His Darknet Involvement to FBI and IRS

Silk Road computer programmer Michael R. Weigand pleaded guilty for providing false statements regarding his involvement with the darknet marketplace.

Hong Kong's Crypto Rise: Harbinger for China?

Hong Kong's Crypto Rise: Harbinger for China?

Hong Kong's rising status as a crypto hub amidst regulatory amicability sparks speculations on China's evolving stance towards digital assets. The significant crypto activity in Hong Kong, combined with its thriving Over-The-Counter market, reflects a conducive environment for both institutional and retail crypto engagements. As Hong Kong continues to bolster its crypto market, it might be hinting at China's exploratory approach towards understanding and possibly embracing digital assets in the long term.

Ransomware Gang Evil Corp Group Strikes Again with New Ransomware WastedLocker

Ransomware Gang Evil Corp Group Strikes Again with New Ransomware WastedLocker

A ransomware gang called Evil Corp Group is back in action again, after having been in retirement for an undetermined period of time. The malware hacker group strikes again by developing a ransom software dubbed WastedLocker.

Hackers Steal Cryptos from General Bytes Bitcoin ATM via Zero-day Bug

Hackers Steal Cryptos from General Bytes Bitcoin ATM via Zero-day Bug

Crypto ATM manufacturer General Bytes has confirmed that its infrastructures have been hacked using a zero-day vulnerability in server ports to steal cryptocurrencies from customers.

Spike in COVID-19 Cybercrime Is Stimulating Mass Adoption of Blockchain in Asia

Spike in COVID-19 Cybercrime Is Stimulating Mass Adoption of Blockchain in Asia

With COVID-19 forcing businesses to adopt digital means of transacting, there is a spike in blockchain adoption, Bitcoin price surge, rise in Bitcoin scams.

Trezor Strengthens Security Measures Amid Phishing Concerns

Trezor Strengthens Security Measures Amid Phishing Concerns

Trezor recently faced a security breach in its third-party support ticketing portal, potentially affecting 66,000 users. While user funds and device security remain secure, the incident raises concerns over increased phishing risks.

Uber’s Former Security Chief Charged for Using $100K Bitcoin Hush Payment to Hide Data Breach

Uber’s Former Security Chief Charged for Using $100K Bitcoin Hush Payment to Hide Data Breach

Former Chief Security Officer at Uber, Joseph Sullivan, has been charged with allegedly paying $100K in Bitcoin to hackers to cover up a company data breach.

Coinbase, Gemini, Binance & Kraken Address Twitter Hack: "Repercussions for Bitcoin Could’ve Been Worse"

Coinbase, Gemini, Binance & Kraken Address Twitter Hack: "Repercussions for Bitcoin Could’ve Been Worse"

Twitter has never in its history experienced as big of a security breach and crypto hack scam as the one that happened earlier this week.

FINRA's 2024 Oversight Report Emphasizes Crypto Asset Compliance

FINRA's 2024 Oversight Report Emphasizes Crypto Asset Compliance

FINRA's 2024 Regulatory Oversight Report emphasizes compliance in crypto asset activities, emphasizing cybersecurity, anti-money laundering protocols, and transparent reporting, reflecting its commitment to guiding members in the evolving cryptocurrency world.

U.S. Justice Department Seizes $9M in Crypto from Romance Scam Ring

U.S. Justice Department Seizes $9M in Crypto from Romance Scam Ring

The U.S. Justice Department successfully seizes $9M in crypto from a scam ring targeting over 70 victims, showcasing the government's commitment to combating cyber-enabled financial fraud.

Bitfinex Launches $400 Million Bounty Hunt for 2016 Hackers Who Stole $1.3 Billion in BTC

Bitfinex Launches $400 Million Bounty Hunt for 2016 Hackers Who Stole $1.3 Billion in BTC

Bitfinex has launched a 400 million dollar bounty hunt in search of the hackers responsible for the theft of nearly 120,000 Bitcoins from the global exchange in 2016.

Hong Kong Customs Arrests Four Men in Alleged $155M Crypto Laundering

Hong Kong Customs Arrests Four Men in Alleged $155M Crypto Laundering

Hong Kong Customs announced Thursday that the authority had dismantled a local cryptocurrency money-laundering syndicate involving HK$1.2 billion ($US 155 million). The operation is considered the first case for the same kind in the city.

The Impact of AI and LLMs on the Future of Cybersecurity

The Impact of AI and LLMs on the Future of Cybersecurity

An exploration into the transformative potential of generative AI and LLMs in the cybersecurity realm.

Crypto Drainers: The Rising Threat to Bitcoin (BTC) and Other Cryptocurrencies

Crypto Drainers: The Rising Threat to Bitcoin (BTC) and Other Cryptocurrencies

A deep dive into the increasing threat of crypto drainers to Bitcoin and other cryptocurrencies, highlighting ways to avoid falling victim.

HKMA Warns Public About Phishing Messages Linked to ICBC (Asia)

HKMA Warns Public About Phishing Messages Linked to ICBC (Asia)

HKMA alerts public to phishing messages related to ICBC (Asia).

Hong Kong Monetary Authority Warns Public About Fraudulent Website and Fake Emails

Hong Kong Monetary Authority Warns Public About Fraudulent Website and Fake Emails

HKMA alerts public about a fraudulent website and fake emails claiming HKMA regulation.

OpenAI Appoints Retired U.S. Army General Paul M. Nakasone to Board of Directors

OpenAI Appoints Retired U.S. Army General Paul M. Nakasone to Board of Directors

OpenAI adds cybersecurity expert Paul M. Nakasone to its Board of Directors.

HKMA Warns Public About Fraudulent Website Impersonating Ant Bank (Hong Kong) Limited

HKMA Warns Public About Fraudulent Website Impersonating Ant Bank (Hong Kong) Limited

The Hong Kong Monetary Authority alerts the public about a fraudulent website mimicking Ant Bank (Hong Kong) Limited.

Cisco Boosts Workload Security with NVIDIA BlueField-3 DPUs

Cisco Boosts Workload Security with NVIDIA BlueField-3 DPUs

Cisco enhances security and efficiency with NVIDIA BlueField-3 DPUs.

GitHub Celebrates a Decade of Bug Bounty Program with Major Milestones

GitHub Celebrates a Decade of Bug Bounty Program with Major Milestones

Discover the highlights from GitHub's 10-year journey with its Security Bug Bounty Program.

Github: Understanding Unsafe Deserialization Vulnerabilities in Ruby Projects

Github: Understanding Unsafe Deserialization Vulnerabilities in Ruby Projects

Learn how unsafe deserialization vulnerabilities can allow attackers to execute commands on Ruby projects and how to detect and prevent them.

OpenAI's Cybersecurity Grant Program Highlights Pioneering Projects

OpenAI's Cybersecurity Grant Program Highlights Pioneering Projects

OpenAI's Cybersecurity Grant Program supports innovative research to enhance AI and cybersecurity defenses. Discover the groundbreaking projects making a difference.

Unveiling Scammer Tactics: 'Too Good to Be True' in The Guardian Papers

Unveiling Scammer Tactics: 'Too Good to Be True' in The Guardian Papers

The Guardian Papers explore the tactics scammers use, emphasizing the dangers of offers that seem too good to be true. Learn how to protect yourself and your community.

HKMA Issues Alert on Phishing Messages Related to Ant Bank (Hong Kong) Limited

HKMA Issues Alert on Phishing Messages Related to Ant Bank (Hong Kong) Limited

HKMA warns the public about phishing messages impersonating Ant Bank (Hong Kong) Limited, urging caution and immediate reporting of suspicious activities.

Chrome's Renderer Vulnerability Allows Remote Code Execution via Duplicate Object Properties

Chrome's Renderer Vulnerability Allows Remote Code Execution via Duplicate Object Properties

A newly discovered bug in Chrome's V8 engine, CVE-2024-3833, allows remote code execution through duplicate object properties in the renderer sandbox.

Ethereum Foundation Reports Phishing Incident Affecting Mailing List

Ethereum Foundation Reports Phishing Incident Affecting Mailing List

The Ethereum Foundation disclosed a phishing attack on its mailing list, impacting 35,794 email addresses and prompting immediate security measures.

HKMA Issues Alert on Fraudulent Website Impersonating DBS Bank (Hong Kong)

HKMA Issues Alert on Fraudulent Website Impersonating DBS Bank (Hong Kong)

The Hong Kong Monetary Authority has issued a public alert regarding a fraudulent website and internet banking login screen impersonating DBS Bank (Hong Kong) Limited.

0ktapus Phishing Campaign Targets Multi-Factor Authentication Systems

0ktapus Phishing Campaign Targets Multi-Factor Authentication Systems

The 0ktapus phishing campaign bypasses multi-factor authentication, impacting organizations globally. Learn about its methods and how to protect your business.

Chainalysis' Jackie Burns Koven Discusses Blockchain Security on Accel Spotlight Podcast

Chainalysis' Jackie Burns Koven Discusses Blockchain Security on Accel Spotlight Podcast

Chainalysis' Jackie Burns Koven joins Accel's Amit Kumar on the Accel Spotlight podcast to discuss blockchain security, AI, and the future of cryptocurrency.

NVIDIA Explores Cyber Language Models to Enhance Cybersecurity

NVIDIA Explores Cyber Language Models to Enhance Cybersecurity

NVIDIA's research into cyber language models aims to address cybersecurity challenges by training models on raw cyber logs, enhancing threat detection and defense.

Cybersecurity Firm Kaspersky Warns of New Ransomware Devised by Notorious North Korean Ransomware Group

Cybersecurity Firm Kaspersky Warns of New Ransomware Devised by Notorious North Korean Ransomware Group

Multinational cybersecurity provider Kaspersky has announced that the notorious North Korean crypto criminal group, Lazarus, is planning on releasing a new ransomware.

AI-Driven "Audio-Jacking": IBM Uncovers New Cybersecurity Threat

AI-Driven "Audio-Jacking": IBM Uncovers New Cybersecurity Threat

IBM Security researchers have identified a new cybersecurity threat called "audio-jacking," where AI can manipulate live conversations with deepfake voices, raising concerns about financial fraud and misinformation.

Kaspersky’s Expert Take on KYC and AML: Stock vs Crypto Exchanges

Kaspersky’s Expert Take on KYC and AML: Stock vs Crypto Exchanges

In Part 2 of our interview, Yeo Siang Tiong, General Manager for Southeast Asia, Kaspersky shared how Kaspersky provides cybersecurity solutions for stock and crypto exchanges to address KYC and AML concerns. He also walked us through the Kaspersky Application Security Assessment and explained its significance in safeguarding assets in crypto exchanges.

FTX Officials Says the Exchange Has Been Compromised by Hackers

FTX Officials Says the Exchange Has Been Compromised by Hackers

Despite being the most embattled exchange, FTX has suffered a multi-million cyberattack

Why Did the University of California San Francisco Pay Hackers $1.4 Million in Bitcoin?

Why Did the University of California San Francisco Pay Hackers $1.4 Million in Bitcoin?

The University of California, San Francisco (UCSF), has recently paid criminal hackers $1.14 million to resolve a ransomware attack. The university reportedly paid the amount in 116.4 Bitcoins worth over $1 million.

Philippines Spearheads ASEAN AI Regulatory Framework

Philippines Spearheads ASEAN AI Regulatory Framework

Philippines' Congress Speaker Martin Romualdez plans to introduce an AI regulatory framework to ASEAN during its chairmanship in 2026, focusing on digitization, cybersecurity, and managing generative AI in economic policies.

Man Sentenced to Prison for Stealing Bitcoin from Silk Road

Man Sentenced to Prison for Stealing Bitcoin from Silk Road

James Zhong, who stole more than 51,680 Bitcoin from Silk Road in 2012, has been sentenced to one year and one day in prison for wire fraud charges. The Bitcoin was worth roughly $3.4 billion at the time of its seizure in November 2021.

CipherTrace Life Hack for Criminal Investigations: How to Know if Cryptocurrency Was Utilized

CipherTrace Life Hack for Criminal Investigations: How to Know if Cryptocurrency Was Utilized

CipherTrace blockchain analytics firm has revealed guidelines that could help law enforcement identify that cryptocurrency was used for illicit activities.

Multinational Firm Loses $25.6 Million to Deepfake-Driven Fraud

Multinational Firm Loses $25.6 Million to Deepfake-Driven Fraud

A Hong Kong finance employee was deceived into transferring $25.6 million using deepfake technology, highlighting the growing cybersecurity threat of such scams.

Axie Infinity's Home Ronin Network Suffers Over $600m in another DeFi Hack

Axie Infinity's Home Ronin Network Suffers Over $600m in another DeFi Hack

The Ronin Network has suffered what is being tagged as the largest hack in the history of Decentralized Finance (DeFi) which funds in excess of $625 million carted away by the hackers.

FBI Arrests 2 Hackers for Ransomware and “Crypto-Jacking” Scams, 5 Chinese Suspects Still at Large

FBI Arrests 2 Hackers for Ransomware and “Crypto-Jacking” Scams, 5 Chinese Suspects Still at Large

The DoJ and the FBI seized two criminals connected to a cybercrime targeting over 100 companies in the US and abroad with ransomware, crypto jacking and more.

CyberConnect Fully Responsible for Proposal Fueling CYBER Token Manipulation Rumors

CyberConnect Fully Responsible for Proposal Fueling CYBER Token Manipulation Rumors

CyberConnect has retracted a proposal aiming to optimize CYBER liquidity across Ethereum, Optimism, and BNB Chain, citing rumors of CYBER token manipulation and market control. The revised proposal will focus on a bridge for free CYBER movement, undergoing a multi-day voting period and security audit.

DoJ Charges BitClub Promoter for Role in $722 Million Crypto Fraud Scheme

DoJ Charges BitClub Promoter for Role in $722 Million Crypto Fraud Scheme

A Californian man pleaded guilty for his involvement in perpetrating BitClub Network, a cryptocurrency mining scheme that generated at least $722 million.

UK's Tax Authority Ready to Invest Up to $130,000 in Blockchain Analytics Tool to Track Crypto Cybercriminals

UK's Tax Authority Ready to Invest Up to $130,000 in Blockchain Analytics Tool to Track Crypto Cybercriminals

The UK tax authority HM Revenue and Customs (HMRC), is looking for an analytics tool using blockchain to enhance the process of identifying criminals who are trading in cryptocurrencies online.

UNODC: Surge in Cryptocurrency Misuse and Technology-Driven Crime in Southeast Asia

UNODC: Surge in Cryptocurrency Misuse and Technology-Driven Crime in Southeast Asia

The UN Office on Drugs and Crime's latest report reveals an alarming increase in cryptocurrency misuse and advanced technological crime in East and Southeast Asia. The study focuses on the challenges faced by law enforcement against the backdrop of evolving online casinos, cyberfraud, and tech-driven underground banking networks.

Algorand (ALGO) Foundation CEO's Social Media Hacked

Algorand (ALGO) Foundation CEO's Social Media Hacked

The Algorand Foundation CEO's social media account was hacked, raising significant cybersecurity concerns in the blockchain and cryptocurrency sectors.

BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)

BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)

Agustín Carstens, General Manager of the Bank for International Settlements, highlighted the importance of cybersecurity for central bank digital currencies (CBDCs) during a conference in Basel, Switzerland, emphasizing the need for secure, user-friendly, and adaptable systems.

Twitter Hires Former Hacker Peiter 'Mudge' Zatko as Head of Security

Twitter Hires Former Hacker Peiter 'Mudge' Zatko as Head of Security

Following the high-profile security breach witnessed in July this year, Twitter has hired former hacker Peiter 'Mudge' Zatko as its new head of security.

UN Investigation Reveals DPRK's $3 Billion Crypto Cyberattack Scheme

UN Investigation Reveals DPRK's $3 Billion Crypto Cyberattack Scheme

The United Nations is probing DPRK-linked hacking groups for orchestrating cyberattacks on cryptocurrency firms, amassing $3 billion over six years to fund WMD development. These cybercrimes, targeting 58 companies, underscore a sophisticated operation defying international sanctions.

US DHS Cybersecurity Official Expects to be Fired in Trump’s Post-Election Purge for Debunking Fake News

US DHS Cybersecurity Official Expects to be Fired in Trump’s Post-Election Purge for Debunking Fake News

A United States Homeland cybersecurity official, Christopher Krebs expects to be cut in President Trump’s post-election purge for proactively debunking disinformation.

Finland Tracks Monero in High-Profile Cybercrime Cas

Finland Tracks Monero in High-Profile Cybercrime Cas

Finnish authorities traced Monero transactions in the Julius Aleksanteri Kivimäki trial, highlighting challenges in tracking privacy-focused digital currencies, a significant development in cryptocurrency-related cybercrime investigations.

Swindlers are Using OTP Bots to Wipe Clean Crypto Accounts

Swindlers are Using OTP Bots to Wipe Clean Crypto Accounts

Be cautious of fraudsters are becoming sophisticated by the day, with their latest tool being one-time password (OTP) bots used to wipe out cryptocurrency accounts.

Hackers Demand $1 Million in Bitcoin Ransom After Hacking Computer Systems of Insurance Firm

Hackers Demand $1 Million in Bitcoin Ransom After Hacking Computer Systems of Insurance Firm

Israeli’s largest insurance company fell victim to hackers this week and must pay huge amounts of funds in cryptocurrency to regain access to its data.

SEC Faces Congressional Investigation Call Over Bitcoin ETF False Approval News Breach

SEC Faces Congressional Investigation Call Over Bitcoin ETF False Approval News Breach

The SEC's social media account was compromised, leading to false Bitcoin ETF approval news. This incident has prompted calls for congressional investigation into the SEC for potential market manipulation and cybersecurity lapses.

OpenSea Confirms Under Phishing Attack, after Urging Users to Migrate NFTs New Addresses

OpenSea Confirms Under Phishing Attack, after Urging Users to Migrate NFTs New Addresses

Some of the users from OpenSea have been targeted explicitly through a phishing attack, resulting in NFTs lost from the NFT marketplace.

FSB 2024 Agenda: Strengthening Crypto Regulation and Embracing AI"

FSB 2024 Agenda: Strengthening Crypto Regulation and Embracing AI"

The Financial Stability Board (FSB) has announced its 2024 Work Programme, focusing on crypto regulation, AI, and digital innovation, aiming to enhance global cooperation and stability in finance.

US Seizes $24M in Cryptocurrencies Tied to Brazilian Investment Fraud Probe

US Seizes $24M in Cryptocurrencies Tied to Brazilian Investment Fraud Probe

The US Department of Justice has seized $24 million in cryptocurrencies following investigations linked to online investment fraud.

Ransomware Masterminds Arrested in Ukraine in Joint Investigative Operation

Ransomware Masterminds Arrested in Ukraine in Joint Investigative Operation

A joint strike action between Europol and other international crime enforcement agencies has led to the arrest of two ransomware gang members.

Verizon Cybersecurity CPO, Alex Schlager on Why 5G Networks Require a Whole New Approach to Enterprise Online Data Security

Verizon Cybersecurity CPO, Alex Schlager on Why 5G Networks Require a Whole New Approach to Enterprise Online Data Security

Alex Schlager, CPO of Security Services for Verizon Business believes 5G networks require a completely new way of thinking about security.

Eastern Europe Hotbed For Darknet As Ransomware Activity Increases

Eastern Europe Hotbed For Darknet As Ransomware Activity Increases

A recent study from Chainalysis has found that darknet operators are responsible for a disproportionately large share of the crypto market in Eastern Europe.

Naoris Protocol Secures $11.5 m Funding, Enhancing Web3 Networks Security

Naoris Protocol Secures $11.5 m Funding, Enhancing Web3 Networks Security

Cybersecurity protocol Naoris raised the funding with $11.5 million, which it mentions will enable it to revamp network security for the Web3 world.

Beanstalk Stablecoin Protocol Suffers $80M Loss in Hacking

Beanstalk Stablecoin Protocol Suffers $80M Loss in Hacking

An emerging Ethereum stablecoin protocol, Beanstalk has come off as the latest blockchain startup that suffered a breach from hackers with a massive loss of $80 million moved from the protocol.

Craig S Wright Challenges Cypherpunk Interpretation of Bitcoin

Craig S Wright Challenges Cypherpunk Interpretation of Bitcoin

Dr. Craig S Wright criticizes the cypherpunk movement for misinterpreting Bitcoin's goals, emphasizing on Twitter and his blog the importance of legal frameworks in cyberspace. He highlights the growing global regulations due to cybercrime, and explores blockchain technology's potential and the necessity of legal adherence for its evolution across various sectors.

Illicit Transaction Activity Hit All-time High in Value in 2021: Chainalysis

Illicit Transaction Activity Hit All-time High in Value in 2021: Chainalysis

The latest report suggests cryptocurrency-based crime hit a new all-time high in 2021, with illicit addresses receiving $14 billion in 2021, which amount was doubled to 2020, according to Chainalysis.

Tether Criticizes UN Report for Overlooking USDT Traceability and Law Enforcement Collaboration

Tether Criticizes UN Report for Overlooking USDT Traceability and Law Enforcement Collaboration

Tether rebuts a UN report accusing USDT of facilitating illicit activities, underscoring its traceability and law enforcement collaboration, and highlighting USDT's positive impact on developing economies.

DeFi Execs Argue KYC as Solution to Combat Money Laundering in the Industry

DeFi Execs Argue KYC as Solution to Combat Money Laundering in the Industry

DeFi executives at the WOW Summit in Hong Kong endorse KYC as a solution to tackle AML issues and combat hackers laundering stolen funds into clean money. However, there are concerns that KYC alone will not solve all AML problems and that different mechanisms should be used for different solutions.

Cream Finance Promise to Refund Stolen Funds in its $462M Protocol Exploit

Cream Finance Promise to Refund Stolen Funds in its $462M Protocol Exploit

Cream Finance has plans to refund victims of its latest network attack.

Twitter Massive Hack Attack Traced Back to Crypto Wallet Using BitPay and Coinbase

Twitter Massive Hack Attack Traced Back to Crypto Wallet Using BitPay and Coinbase

In the massive Bitcoin scheme that happened earlier this week, reputed coin exchanges such as Binance, Gemini, and Coinbase were targeted by crypto scammers, and officials have been hard at work investigating the digital trail that may lead back to the crypto scammers.

Senator Warren Focuses on Crypto Scam Risks for Seniors, Advocates New Legislation

Senator Warren Focuses on Crypto Scam Risks for Seniors, Advocates New Legislation

Senator Warren emphasized the Digital Asset Anti-Money Laundering Act, gaining bipartisan support to regulate crypto activities and protect vulnerable populations from financial fraud.

Binance Contributes to Recovery and Return of $10,000 of Stolen Crypto To a Targeted Investor

Binance Contributes to Recovery and Return of $10,000 of Stolen Crypto To a Targeted Investor

Binance affiliate crypto security expert Harry Denley helped a victim recover $10, 000 worth of lost cryptocurrency recently.

How Kaspersky Protects Investors During Token Sales in 7 Ways

How Kaspersky Protects Investors During Token Sales in 7 Ways

In the exclusinve interview with Blockchain.News, Yeo Siang Tiong, General Manager for Southeast Asia at Kaspersky shares the latest trend on cybersecurity threats in crypto fundraising and how Kaspersky's solutions can protect investors in 7 ways.

Dark Web Sucks in Bitcoin Payments From Viewers Paying to See Livestream Murder

Dark Web Sucks in Bitcoin Payments From Viewers Paying to See Livestream Murder

Two 17-year-old Italians have been detained under the Delirium operation for instigating child pornography and live torture viewings on the dark web. The two Italians paid Bitcoin (BTC) to a dark site address in order to unlock explicit footage of children being sexually abused.

Russian Hacker Sentenced to 5 years of Prison for Money Laundering, Cybercrimes, and Extortion

Russian Hacker Sentenced to 5 years of Prison for Money Laundering, Cybercrimes, and Extortion

Russian Hacker Alexander Vinnik has been sentenced to 5 years imprisonment by a Parisian court. The judgment may be appealed as noted by Vinnik's lawyer.

Fireblocks Introduces 'Off Exchange' to Address Exchange Counterparty Risk, Integrates with Deribit

Fireblocks Introduces 'Off Exchange' to Address Exchange Counterparty Risk, Integrates with Deribit

Fireblocks introduces 'Off Exchange', reducing exchange counterparty risk for institutional traders, allowing them to trade directly from on-chain MPC shared wallets, marking a significant advancement in digital asset trading.

Binance Collaborates with Royal Thai Police to Disrupt Criminal Networks

Binance Collaborates with Royal Thai Police to Disrupt Criminal Networks

Binance, in conjunction with the Royal Thai Police, has successfully disrupted major crypto fraudulent networks in Thailand through two significant operations. The collaboration led to the arrest of key individuals and substantial asset seizures, underscoring Binance's proactive stance against cybercrime and its ongoing commitment to enhancing security within the digital asset ecosystem.

Ransomware Group Demands $4M in Bitcoin from Argentina, Border Activity Halted for 4 Hours

Ransomware Group Demands $4M in Bitcoin from Argentina, Border Activity Halted for 4 Hours

A Bitcoin ransomware attack was directed towards Argentina’s immigration agency, halting border crossing temporarily.

At Least $150M Stolen by Hackers: BitMart CEO Confirms; While Security Firm Estimates More

At Least $150M Stolen by Hackers: BitMart CEO Confirms; While Security Firm Estimates More

BitMart experienced a large-scale security breach in which hackers were able to withdraw assets valued at up to approximately $150m, according to the cryptocurrency trading platform's CEO.

PwC Cybersecurity: CatchMe if you Kan

PwC Cybersecurity: CatchMe if you Kan

Felix Kan is a Partner in PwC’s Risk Assurance Cybersecurity Privacy practice with 10 years of extensive experience. Kan began his career as an ethical hacker and has committed his career to helping Hong Kong companies enhance their protections against increasingly sophisticated cyberattacks.

Thunder Terminal's Rapid Response to $240,000 Hack: Security Measures and Hacker's Ransom Demand

Thunder Terminal's Rapid Response to $240,000 Hack: Security Measures and Hacker's Ransom Demand

Thunder Terminal exploited 114 wallets, causing $240,000 in damages. Users were promised refunds and additional credits, but the hacker disputed these claims and demanded a ransom.

MIT Cybersecurity Experts Warn Against Use of Blockchain Voting Systems

MIT Cybersecurity Experts Warn Against Use of Blockchain Voting Systems

MIT Cybersecurity experts have said that blockchain-based mobile voting systems are vulnerable to serious failures.

Huawei Cloud Introduces Advanced Web 3.0 Services to Enhance Hong Kong's Digital Landscape

Huawei Cloud Introduces Advanced Web 3.0 Services to Enhance Hong Kong's Digital Landscape

Huawei Cloud launched Web 3.0 services in Hong Kong on Aug. 16, 2023. The TechWave event showcased blockchain innovations and aimed to boost the region's digital economy and Web 3.0 ecosystem.

US Treasury Department Believed to be Hacked by Russians, Bitcoin Bulls Respond “BTC Never Gets Hacked”

US Treasury Department Believed to be Hacked by Russians, Bitcoin Bulls Respond “BTC Never Gets Hacked”

The US Treasury Department has been on the receiving line of a huge security breach that saw their internal servers targeted.

Animoca Brands and CyberConnect Collaborate on Decentralized Social Layer for Mocaverse

Animoca Brands and CyberConnect Collaborate on Decentralized Social Layer for Mocaverse

On 15 Aug 2023, CyberConnect partnered with Animoca Brands to develop a decentralized social layer for Mocaverse.

Jack Daniel’s Parent Company Brown-Forman Targeted for Ransomware by Notorious REvil

Jack Daniel’s Parent Company Brown-Forman Targeted for Ransomware by Notorious REvil

Brown-Forman, Jack Daniel’s parent company and a giant powerhouse in the alcoholic industry, recently suffered a ransomware data breach originating from REvil.

Unraveling ChatGPT Jailbreaks: A Deep Dive into Tactics and Their Far-Reaching Impacts

Unraveling ChatGPT Jailbreaks: A Deep Dive into Tactics and Their Far-Reaching Impacts

Exploring the intricacies of ChatGPT jailbreak strategies, this paper delves into the emerging vulnerabilities and the advanced methodologies developed to evaluate their effectiveness.

US Sanctions Crypto Addresses of Russian Hackers Accused of Running Presidential Election Interference

US Sanctions Crypto Addresses of Russian Hackers Accused of Running Presidential Election Interference

The US has released a sanctions list of Russians and their crypto addresses, under allegations that they have been interfering with the presidential election.

Tether Implements Wallet-Freezing Policy Aligned with US Regulations

Tether Implements Wallet-Freezing Policy Aligned with US Regulations

Tether's wallet-freezing policy, in line with US OFAC regulations, is a proactive approach to cybercrime, setting a new standard in the crypto industry.

Ape-Themed NFT CyberKongz Leads Top Protocols in Ethereum Burning Rate

Ape-Themed NFT CyberKongz Leads Top Protocols in Ethereum Burning Rate

CyberKongZ NFT project is stirring the highest burning rate in the Ethereum network, ahead of major platforms like OpenSea and Axie Infinity.

Ransomware Hackers Hunt for Bitcoin by Targeting Call of Duty: Warzone

Ransomware Hackers Hunt for Bitcoin by Targeting Call of Duty: Warzone

Ransomware hackers have raided Call of Duty: Warzone player accounts and demanded Bitcoin payments in exchange for releasing the retained data.

Ripple Impersonated by Scammers in a Fraudulent “XRP Incentive Plan” Token Giveaway

Ripple Impersonated by Scammers in a Fraudulent “XRP Incentive Plan” Token Giveaway

Cryptocurrency scammers have been capitalizing on Ripple’s success by rolling out a new XRP giveaway initiative that proved to be fraudulent.

US SEC Hiring Attorneys for Crypto Assets and Cyber Unit

US SEC Hiring Attorneys for Crypto Assets and Cyber Unit

The US SEC is hiring general attorneys in New York, San Francisco, and Washington D.C. for its Crypto Assets and Cyber Unit in the Division of Enforcement. The job will involve investigating crypto asset securities and cyber issues, drafting subpoenas, and questioning witnesses. This move comes after the SEC chairman Gary Gensler asked for $2.4 billion in funding to chase down crypto misconduct.

ZenGo's NFT Hack Detector

ZenGo's NFT Hack Detector

The display compares OpenSea NFT trading amounts to floor pricing.

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

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

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

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

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

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.

Browser Extensions Used by Scammers to Steal Bitcoin

Browser Extensions Used by Scammers to Steal Bitcoin

The CEO of Casa takes his time to demonstrate how browser extensions can be used to launch a cyberattack to steal Bitcoin. He emphasized on cyber consciousness and cybersecurity.

North Korean Hackers Allegedly Behind $35 Million Cryptocurrency Heist

North Korean Hackers Allegedly Behind $35 Million Cryptocurrency Heist

North Korean cybercriminals are the prime suspects in a recent cryptocurrency heist involving the theft of a substantial $35 million. Cybersecurity analysts shared this assessment with CNN on Tuesday, pointing to telltale signs in the tactics and techniques used in the attack.

SEC Chair Gary Gensler Addresses X Account Hack and Security Measures

SEC Chair Gary Gensler Addresses X Account Hack and Security Measures

The SEC's X account was compromised on January 9, 2024, causing market fluctuations and highlighting cybersecurity concerns. The SEC is working with law enforcement to investigate.

Zcash Bug Could Leak Full Nodes with Shielded IP Addresses

Zcash Bug Could Leak Full Nodes with Shielded IP Addresses

Duke Leto, a core developer at Komodo (KMD), recently published a blog on his personal website revealing that, “A bug has existed for all shielded address since the inception of Zcash and Zcash Protocol.” Leto explained, “That is, Alice giving Bob a zaddr to be paid, could actually allow Bob to discover Alice’s IP address. This is drastically against the design of Zcash Protocol.”

The Rise of the Anon: Protecting Innovation

The Rise of the Anon: Protecting Innovation

Anonymity is increasingly offering protection to innovators as well as their ideas.

Coinbase's Custodial Role in New Bitcoin Spot ETFs Marks a Crypto Milestone

Coinbase's Custodial Role in New Bitcoin Spot ETFs Marks a Crypto Milestone

Coinbase's role in the newly approved Bitcoin spot ETFs by the SEC marks a crucial advancement in cryptocurrency's integration into mainstream finance, bringing regulatory clarity and institutional investment opportunities.

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

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.

Web3 Security 2023 State Revealed, Nearly $2 Billion Lost

Web3 Security 2023 State Revealed, Nearly $2 Billion Lost

CertiK's "Hack3d: The Web3 Security Report 2023" provides a thorough analysis of Web3 security incidents in 2023, highlighting key vulnerabilities and trends in the blockchain and smart contract security landscape.

South Korea Tightens Regulations on Crypto Mixers Amid Money Laundering Concerns

South Korea Tightens Regulations on Crypto Mixers Amid Money Laundering Concerns

South Korea's Financial Intelligence Unit (FIU) is set to introduce new regulations targeting digital asset mixers, mirroring similar moves by the US. These measures aim to curb the use of crypto mixers for illegal money laundering.

UK's NCA Announces Disruption of World's Most Harmful Cyber Crime Group, LockBit

UK's NCA Announces Disruption of World's Most Harmful Cyber Crime Group, LockBit

UK's NCA launched "Operation Cronos" against LockBit, a global cyber crime syndicate, resulting in significant disruptions and the seizure of servers, cryptocurrency accounts, and decryption keys.

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

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.

Binance Users Reach 150M

Binance Users Reach 150M

According crypto exchange Binance CEO Changpeng Zhao's tweet, Binance has achieved several key milestones, reflecting its ongoing commitment to expansion and innovation.

NIST's Call for Public Input on AI Safety in Response to Biden's Executive Order

NIST's Call for Public Input on AI Safety in Response to Biden's Executive Order

NIST is seeking public input to create AI safety guidelines following President Biden's Executive Order, aiming to ensure a secure AI environment, mitigate risks, and foster innovation.

Binance, CoinMarketCap, BitPay, Coinbase, Paxful Among Android Apps Earmarked by Latest EventBot Malware

Binance, CoinMarketCap, BitPay, Coinbase, Paxful Among Android Apps Earmarked by Latest EventBot Malware

Cybereason, a US-based cybersecurity company, has detected an Android malware dubbed EventBot that has been targeting money transfer and banking apps. Coinbase, Bitpay, CoinMarketCap, Binance, Mycelium Wallet, Bitcoin.com, Paxful, and CoinGecko are among a list of Android cryptocurrency wallets and applications whose security might be compromised as they are in the vicinity of this malware.

North Korea's Cyber Onslaught on Cryptocurrency: A $3 Billion Digital Heist

North Korea's Cyber Onslaught on Cryptocurrency: A $3 Billion Digital Heist

North Korea has escalated cyber attacks on cryptocurrency since 2017, stealing over $3 billion and stealing $1.7 billion in 2022, posing a serious threat to the country's economy and military budget.

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

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.

DeFi Platform Raft Compromised, Loses $3.3 Million in Ether

DeFi Platform Raft Compromised, Loses $3.3 Million in Ether

Raft DeFi platform hacked, loses $3.3M in ETH. Attacker burns most stolen ETH, faces net loss.

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

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.

Demand for Crypto Mixers Hits ATH, Illicit Address Activities Draws Majority

Demand for Crypto Mixers Hits ATH, Illicit Address Activities Draws Majority

The rising use of mixers in the crypto space should be a cause for concern because they are highly being utilized by cybercriminals and bad actors, according to Chainalysis.

Deribit Exchange's Hot Wallet Hacked for $28M

Deribit Exchange's Hot Wallet Hacked for $28M

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

Coin Cloud Customer Data and Source Code Allegedly Stolen

Coin Cloud Customer Data and Source Code Allegedly Stolen

Coin Cloud, a cryptocurrency ATM provider, has suffered a data breach involving 70,000 customer selfies and 300,000 PII stolen, highlighting the need for improved security measures in the cryptocurrency sector.

TOR Network Vulnerability May Have Facilitated Dark Web Bitcoin Theft

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.

New York Man Charged with Defrauding Investors $4.5 Million in Cryptocurrency Investment Scheme

New York Man Charged with Defrauding Investors $4.5 Million in Cryptocurrency Investment Scheme

A New York man has been charged in US federal court with defrauding investors out of millions of dollars in crypto assets that he used on offshore gambling sites. A criminal complaint was filed on July 9, and the US Attorney’s Office charged Douglas Jae Woo Kim, 27 years old, with wire fraud in which he allegedly conned three investors out of over $4.5 million of Ethereum and Bitcoin.

Centralization Caused Most DeFi Hacks of 2021, $1.3B Loss to Users in 2021

Centralization Caused Most DeFi Hacks of 2021, $1.3B Loss to Users in 2021

Certik says the centralization of operational models cited is one of the major faults amongst protocols that suffered mishaps, causing at least $1.3 billion loss to users last year.

Exploitation in the NFT World is Real But Are They Preventable?

Exploitation in the NFT World is Real But Are They Preventable?

Blockchain.News recently spoke to three industry leaders to explore NFT-linked security weaknesses and solutions. Experts suggest investors should always do their own due diligence before injecting funds into any project, no matter the hype.

Craig S. Wright Explores 'Code is Law' Paradigm in Digital Governance Debate

Craig S. Wright Explores 'Code is Law' Paradigm in Digital Governance Debate

Dr. Craig Wright's blog post on "Open-Source Development" rekindles debate on "Code is Law" principle, emphasizing the need for a balanced approach balancing code precision with legal considerations.

JBS Paid Hackers $11M Worth of Bitcoin to Set Free From Hacker Attack

JBS Paid Hackers $11M Worth of Bitcoin to Set Free From Hacker Attack

JBS's CEO Andre Nogueira revealed the company had paid hackers $11 million worth of Bitcoin ransom to set free. Nogueira insisted that is the right decision.

Zcash-Commissioned Research Find Cybercriminals Prefer Bitcoin Over Other Cryptocurrencies

Zcash-Commissioned Research Find Cybercriminals Prefer Bitcoin Over Other Cryptocurrencies

Independent research commissioned by the Electric Coin Company (ECC), the parent firm of privacy-focused cryptocurrency Zcash, concluded cybercriminals are much likely to use Bitcoin over other digital assets.

DeFi Protocol Wintermute Suffers $160M of Hack: CEO

DeFi Protocol Wintermute Suffers $160M of Hack: CEO

Cryptocurrency market maker and Decentralized Finance (DeFi) lending protocol Wintermute has been hacked with over $160 million lost.

BNX to undergo 1:100 split to give major boost of investor confidence for BinaryX games and products

BNX to undergo 1:100 split to give major boost of investor confidence for BinaryX games and products

BinaryX, a Gamefi and IGO platform, today announced it will split its token, BNX. The decision was made after the project team ran a DAO vote and received overwhelmingly unanimous support (99.5%) to conduct the split. The exact timeline for the split will be announced on BinaryX’s social media and community channels soon.

Russian Cybercriminals Sanctioned by DoJ for Crypto Laundering Scam Generating More than $16.8M

Russian Cybercriminals Sanctioned by DoJ for Crypto Laundering Scam Generating More than $16.8M

TheDoJ has sanctioned two Russian nationals for their cybercrimes, where millions in cryptocurrency were accumulated through scamming and phishing schemes.

Japan supports OpenAI amid concerns

Japan supports OpenAI amid concerns

Japan expressed interest in incorporating OpenAI’s technology into government systems, provided privacy and cybersecurity concerns are addressed. OpenAI CEO, Sam Altman, visited Japan and met with government officials to discuss the potential of the technology and how to maximize its benefits while minimizing risks. Meanwhile, OpenAI is being investigated by Canada’s privacy commissioner for allegedly collecting and utilizing personal information without consent.

Lazarus Group Hacks for Crypto via LinkedIn Blockchain Job Posting

Lazarus Group Hacks for Crypto via LinkedIn Blockchain Job Posting

A hacking operation that is allegedly backed by North Korea has been reported to be targeting blockchain and cryptocurrency employees through LinkedIn.

Stay Alert to Crypto Wallets Protection from Quantum Computer Attack

Stay Alert to Crypto Wallets Protection from Quantum Computer Attack

Nowadays, the application of digital signature to access financial accounts could be risky to be attacked by quantum computer hacking, especially for the crypto wallets, experts remind the public to stay alert.

Cyberport: Integrating New Technology and Blueprint for a Smarter Hong Kong

Cyberport: Integrating New Technology and Blueprint for a Smarter Hong Kong

Other than the incubation programme provided, Cyberport also has a programme dedicated to encouraging education in the FinTech and blockchain sector. The Cyberport University Partnership Programme (CUPP) is a program created for university students.

Chainalysis Partners with Wyoming Watchdog to Fight Cybercrime and Crypto Laundering Scams

Chainalysis Partners with Wyoming Watchdog to Fight Cybercrime and Crypto Laundering Scams

Chainalysis has announced partnered with Wyoming’s Division of Banking to fight cybercrime, crypto laundering, crypto scams, sanctions violations, and more.

CyberConnect Rejects Proposal CP-1 After CYBER Coin Dropped Over 40%

CyberConnect Rejects Proposal CP-1 After CYBER Coin Dropped Over 40%

CyberConnect rejected its CP-1 snapshot proposal, aiming to improve CYBER token liquidity across networks, causing a 40% drop in value, raising concerns about potential investor withdrawal.

Bitcoin Sex Scam Claims Another Victim and Generates $115,000 BTC

Bitcoin Sex Scam Claims Another Victim and Generates $115,000 BTC

Recently, a Bitcoin sex scam that has been running since 2015 accumulated fraudulent funds of approximately $115,000 before being detected.

Binance Becomes First Exchange to Join Cybercrime Fighting Alliance

Binance Becomes First Exchange to Join Cybercrime Fighting Alliance

Binance cryptocurrency exchange has joined the National Cyber-Forensics and Training Alliance (NCFTA), becoming the first digital currency trading platform to make such a move.

DOJ Extradites Bitcoin Thief From Cyprus Along With Hezbollah Terrorist

DOJ Extradites Bitcoin Thief From Cyprus Along With Hezbollah Terrorist

The US Department of Justice has extradited two criminals from Cyprus—one with known connections to terrorism and the other on suspicion of stealing thousands in Bitcoin.

Meet the FinTech Entrepreneur: Co-Founder of FinFabrik, Florian Matthaeus Spiegl

Meet the FinTech Entrepreneur: Co-Founder of FinFabrik, Florian Matthaeus Spiegl

There has been a lack of innovation and digitization in the capital market systems, we sat down with Florian Spiegl, the Chief Operating Officer of FinFabrik in Hong Kong, to explore his journey from the traditional capital markets industry to the new modern digital space. FinFabrik, a start-up focused on bridging the gap between the traditional financial markets and the digitization of assets has come a long way helping institutions to digitize illiquid and alternative assets.   

Despite Industry Upheaval, Hong Kong Seeks Crypto Hub Status

Despite Industry Upheaval, Hong Kong Seeks Crypto Hub Status

Hong Kong's government supports bitcoin infrastructure development. In 2023, Hong Kong's finance secretary Paul Chan said the government and authorities would work with crypto and fintech businesses. Many sector businesses want to develop in Hong Kong or go public on local markets.

Member of Dark Overlord Crypto Hacking Group Pleads Guilty to Ransom Attacks

Member of Dark Overlord Crypto Hacking Group Pleads Guilty to Ransom Attacks

UK national Nathan Wyatt was found guilty of multiple charges this week after extracting personal information from victims while demanding a Bitcoin ransom.

Ransomware Attacks Target English Football League, Data Withheld for $3.8 Million Bitcoin

Ransomware Attacks Target English Football League, Data Withheld for $3.8 Million Bitcoin

UK government report reveals cybercriminals are targeting English Football Clubs with ransomware attacks.

Binance Lists CyberConnect (CYBER) and Sei on Launchpool; Farming to Begin on August 2, 2023

Binance Lists CyberConnect (CYBER) and Sei on Launchpool; Farming to Begin on August 2, 2023

Binance adds CyberConnect (CYBER) and Sei (SEI) to Launchpool. Farming starts on August 2, 2023, with CYBER and SEI to be listed for trading on August 15, 2023.

Russian National Extradited to the U.S. to Face Crypto Money Laundering Charges

Russian National Extradited to the U.S. to Face Crypto Money Laundering Charges

Alexander Vinnik, a Russian national accused of running an illegal crypto exchange BTC-e was extradited to the United States to face fraud charges.

Cardano Addresses Fake ADA Giveaway Claims on YouTube

Cardano Addresses Fake ADA Giveaway Claims on YouTube

Cardano CEO Charles Hoskinson has once again come forward to address the issue of cryptocurrency scams targeting his ADA empire and has been quick to refute any associations phishers made with the Cardano Foundation.

Bitcoins Used in Facebook Scheme to Scam Suicidal Victims Into Buying Drugs

Bitcoins Used in Facebook Scheme to Scam Suicidal Victims Into Buying Drugs

A cybercriminal ring operation has been inciting Facebook users to employ Bitcoin and other cryptocurrencies, in exchange for drugs. This investigative report from the UK depicts the strategic techniques used to track down the unknown villains operating behind this devious scheme.

Hackers Demand Bitcoin Ransom in Exchange for Unlocking Maltese Instagram User Accounts

Hackers Demand Bitcoin Ransom in Exchange for Unlocking Maltese Instagram User Accounts

Instagram users from Malta were reportedly attacked by hackers. Criminals are requesting that users of the locked accounts pay in Bitcoin to regain access to their accounts.

Hong Kong Suffers Surge in Crypto Scams in 2022

Hong Kong Suffers Surge in Crypto Scams in 2022

Hong Kong police reported a surge in crypto-related scams in 2022, with losses amounting to HK$1.7 billion ($216.6 million), up 106% from the previous year. The number of crypto-related scam cases reported in Hong Kong also surged by 67% from 2021. Such scams accounted for over 50% of the HK$3.2 billion ($407 million) stolen from city residents in technology crimes. The Hong Kong police CyberDefender website reported almost 23,000 cases of technology-related crimes in 2022. The use of cryptocurrency has made it more complicated for enforcement to track criminal funds, as fraudsters can hide their identities, transactions, and final destination.

Cryptocurrency Phishing Attacks Rise by 40% Year-on-Year in 2022

Cryptocurrency Phishing Attacks Rise by 40% Year-on-Year in 2022

Kaspersky, a Russian cybersecurity and anti-virus provider, has reported a 40% year-on-year increase in cryptocurrency phishing attacks in 2022. The attacks involve reaching out to investors through fake websites and communication channels that mimic official companies, prompting users to share personal information such as private keys. Attackers are evolving their strategies to lure unwary crypto investors. Recently, hardware cryptocurrency wallet provider Trezor warned against attempts to steal users' crypto through fake Trezor sites. In a survey, one out of seven respondents admitted to being affected by cryptocurrency phishing.

$3.5M of Stolen Crypto Linked to KuCoin Hack Moved

$3.5M of Stolen Crypto Linked to KuCoin Hack Moved

On-chain data analytics have reported that KuCoin hackers have been on the move lately, as a total of $3.5 million of stolen funds were transferred.

DEA Special Agent O’Kain: Regulated Bitcoin Exchanges Are Good For Law Enforcement

DEA Special Agent O’Kain: Regulated Bitcoin Exchanges Are Good For Law Enforcement

DEA Special Agent Patrick O’Kain spoke at the LA Blockchain Summit on Bitcoin on the role of government agencies in policing the digital asset and blockchain space.

New Darknet Markets Launch Despite Exit Scams as Demand Rises for Illicit Goods

New Darknet Markets Launch Despite Exit Scams as Demand Rises for Illicit Goods

Despite the recent amount of exit scams on dark web platforms, the darknet sector has seen increasing growth, with new marketplaces launching every year.

Binance to Open Trading for CyberConnect (CYBER) and Sei (SEI) on August 15, 2023

Binance to Open Trading for CyberConnect (CYBER) and Sei (SEI) on August 15, 2023

Binance will list CyberConnect (CYBER) and Sei (SEI), opening trading on August 15, 2023.

Mastercard Attains CipherTrace to Boost Security and Fraud Detection in the Crypto Ecosystem

Mastercard Attains CipherTrace to Boost Security and Fraud Detection in the Crypto Ecosystem

Payment giant Mastercard announced the acquisition of CipherTrace to offer businesses powerful intelligence about the crypto economy as digital assets continue becoming more intertwined with daily activities.

Individual Crypto Hacks Done by Using Malware from Darknet: Chainalysis

Individual Crypto Hacks Done by Using Malware from Darknet: Chainalysis

Over the last few years, hackers have been actively stealing smaller amounts of cryptocurrency from individual users using malware available on the internet or darknet, Chainalysis reported.

Doppel Secures $14M in Series A Funding Led by Andreessen Horowitz

Doppel Secures $14M in Series A Funding Led by Andreessen Horowitz

Doppel, a San Francisco-based AI digital risk protection company, secures $14M in Series A funding led by Andreessen Horowitz, aiming to enhance AI-powered brand security against digital threats like impersonation and phishing.

Lazarus-Linked Blender.io Added to US Treasury's Sanction List

Lazarus-Linked Blender.io Added to US Treasury's Sanction List

Bitcoin and cryptocurrency mixing service, Blender.io has been added to the sanctions list by the United States Treasury Department.

Telecom Argentina Hit By Ransomware attack: Hackers Demand $7.5 Million Monero

Telecom Argentina Hit By Ransomware attack: Hackers Demand $7.5 Million Monero

Cyber attackers are demanding Monero ransom worth $7.5 million after taking control of Telecom Argentina’s internal network.

Jim Cramer Sold Most of His Bitcoin Holdings but Willing to Buy Again If Prices Fall to Near $10,000

Jim Cramer Sold Most of His Bitcoin Holdings but Willing to Buy Again If Prices Fall to Near $10,000

CNBC host Jim Cramer said he is willing to purchase buy Bitcoin again if its price fall to near $100,000, he has revealed has sold nearly all of his Bitcoin holdings due to recent cyberattacks and China’s crackow on crypto.

$12M in Bitcoin Stolen from pNetwork DeFi Protocol

$12M in Bitcoin Stolen from pNetwork DeFi Protocol

A vulnerability in pNetwork allowed the thief to run away with the funds. The DeFi network is now begging the hacker to return the money.

400 Crypto.com Accounts Hacked, CEO Confirms Reimbursement for all Victims

400 Crypto.com Accounts Hacked, CEO Confirms Reimbursement for all Victims

According to a Bloomberg interview, Kris Marszalek, CEO of Crypto wallet provider and trading platform Crypto.com, said he would be more than willing to share information about Tuesday's hack if the regulator has any relevant inquiries.

Unidentified Exploit Steals Over $10.5 Million in NFTs and Coins

Unidentified Exploit Steals Over $10.5 Million in NFTs and Coins

An unidentified exploit has drained over $10.5 million in NFTs and coins from experienced crypto community members since December 2022. The exploit targets keys created from 2014 to 2022 and those who are "crypto native," with multiple addresses and work within the space. Crypto veterans are advised to use a hardware wallet or migrate their funds to safeguard their digital assets.

Crypto Crime in London Now Goes Physical as Thieves Targets Investor's Gadgets

Crypto Crime in London Now Goes Physical as Thieves Targets Investor's Gadgets

There is a new wave of crime in the city of London that is targeting investors in the digital currency ecosystem

US Authorities Uncover Chinese-linked Bitcoin Mining Operations

US Authorities Uncover Chinese-linked Bitcoin Mining Operations

US authorities have identified a significant number of Chinese-linked Bitcoin mining operations across the United States, sparking national security concerns. Published by The New York Times on October 13, the report highlights the close proximity of some of these operations to critical military and infrastructure sites. Amidst escalating US-China political tensions, the surge in Chinese Bitcoin mining operations in the US, coupled with their substantial energy consumption, poses critical questions regarding cybersecurity, energy sustainability, and geopolitical dynamics.

Origin DeFi Protocol Loses $7 Million to Hacker in Security Breach

Origin DeFi Protocol Loses $7 Million to Hacker in Security Breach

Origin Protocol is the latest DeFi platform to lose $7 million due to hacking. The company has said that it is working to restore the stolen funds.

SEC Cybersecurity Breach: Investigating the Fallout and Future Measures

SEC Cybersecurity Breach: Investigating the Fallout and Future Measures

The SEC's recent cybersecurity breach, involving an unauthorized post on its X (formerly Twitter) account about a Bitcoin ETF, underscores the need for robust cybersecurity measures. The SEC is actively investigating the incident, highlighting the broader implications for security practices in social media and government agencies.

How Jailbreak Attacks Compromise ChatGPT and AI Models' Security

How Jailbreak Attacks Compromise ChatGPT and AI Models' Security

Recent studies reveal the vulnerabilities of large language models like GPT-4 to jailbreak attacks. Innovative defense strategies, such as self-reminders, are being developed to mitigate these risks, underscoring the need for enhanced AI security and ethical considerations.

Singapore Authorities Issue Warning Against Rising Cryptocurrency Malware Threats

Singapore Authorities Issue Warning Against Rising Cryptocurrency Malware Threats

Singapore's Police Force and Cyber Security Agency have jointly issued an advisory warning about the increased risk of cryptocurrency drainers, urging users to adopt stringent security measures.

EU’s Move to Bypass Encryption on Platforms like WhatsApp Sparks Indignation

EU’s Move to Bypass Encryption on Platforms like WhatsApp Sparks Indignation

European Union lawmakers have created a draft proposal that aims to circumvent end-to-end encryption, in a move to increase cybersecurity.

Suspicious Transactions Linked to Mixin Network Hack Involve Huobi and Binance

Suspicious Transactions Linked to Mixin Network Hack Involve Huobi and Binance

Cyvers Alerts has discovered suspicious transactions linked to the recent Mixin Network hack. Two hacker addresses received 51 ETH from an account that had interactions with Huobi Global and Binance. The watchdog has called on these exchanges to help identify the suspicious account as part of ongoing investigations.

Cybersecurity Firm Halborn Warns of Zero-Day Vulnerabilities in Over 280 Blockchain Networks

Cybersecurity Firm Halborn Warns of Zero-Day Vulnerabilities in Over 280 Blockchain Networks

Cybersecurity firm Halborn has warned of a vulnerability called "Rab13s" that could put over 280 blockchain networks at risk of zero-day exploits, potentially exposing at least $25 billion worth of crypto. The most critical vulnerability could allow an attacker to send malicious consensus messages to individual nodes, causing each to shut down and potentially enabling a 51% attack on the network. While Dogecoin, Zcash, and Litecoin have already implemented patches for the discovered vulnerabilities, hundreds of other networks remain at risk.

OneKey Addresses Vulnerability That Allowed Hardware Wallet to be Hacked

OneKey Addresses Vulnerability That Allowed Hardware Wallet to be Hacked

White hat hackers identified weaknesses in crypto wallet OneKey's software earlier this year that allowed them to hack a hardware wallet in one second, however OneKey corrected the problem and no one was affected.

Ethereum Gathers Cybersecurity Team Dedicated to ETH 2.0 Final Testnet Launch

Ethereum Gathers Cybersecurity Team Dedicated to ETH 2.0 Final Testnet Launch

With the launch of Ethereum 2.0 testnet set to be released today on August 4 at 1 pm UTC, the Ethereum Foundation has been looking to build a security team that will be responsible for maintaining ETH 2.0.

IRS Hoping to Deanonymize Monero and ZCash Privacy Coins to Prevent Cybercrime

IRS Hoping to Deanonymize Monero and ZCash Privacy Coins to Prevent Cybercrime

The Criminal Investigation Division(CID) of the IRS are actively hiring private contractors to study and analyze privacy coins, as there has quite been a lot of fraudulent activities revolving around their usage.

Ransomware Attack Directed Towards University of California Generated 118 Bitcoin

Ransomware Attack Directed Towards University of California Generated 118 Bitcoin

The University of California, San Francisco’s plans to further COVID-19 vaccine research were disrupted by a ransomware attack on the school’s servers.

Binance Faces GitHub Data Leak

Binance Faces GitHub Data Leak

Binance has reported a significant data breach, revealing internal code, passwords, and security protocols on GitHub. Despite initial security concerns, the company is taking legal action against the responsible individual.

BlockSec Shares Alerts of ETHPoW Tokens Persistent Attack

BlockSec Shares Alerts of ETHPoW Tokens Persistent Attack

According to an alert shared by blockchain security firm, BlockSec, the ETHW protocol suffered a replay attack with the hacker carting away 200 ETHW tokens.

Europol Empowers Victims with Tools to Fend Off Ransomware Attacks

Europol Empowers Victims with Tools to Fend Off Ransomware Attacks

Europol, European Union’s law enforcement agency, has put together an anti-ransomware initiative that has managed to intercept $630 million dollars and more in ransomware demands, since 2016.

Edward Snowden Criticizes SEC Following Twitter Hack and False Bitcoin ETF Announcement

Edward Snowden Criticizes SEC Following Twitter Hack and False Bitcoin ETF Announcement

Whistleblower Edward Snowden has openly criticized SEC Chair Gary Gensler following a misleading Bitcoin ETF approval post on the SEC's Twitter account. Snowden's comments highlight growing concerns about the SEC's credibility and regulatory approach in the crypto industry.

How LLM Is Reshaping Agent-Based Modeling and Simulation

How LLM Is Reshaping Agent-Based Modeling and Simulation

LLMs are reshaping agent-based modeling, enhancing simulations in social, economic, and cyber domains with advanced AI integration.

Europol Cybercrime Report Identifies Monero, Zcash, Dash and Privacy Wallets as Emerging ‘Top Threats’

Europol Cybercrime Report Identifies Monero, Zcash, Dash and Privacy Wallets as Emerging ‘Top Threats’

Europol assessed the new developments in cybercrime in relation to the COVID-19 pandemic and identified certain cryptocurrency wallets as top threats.

University of Utah Paid Out $450k to Ransomware Gang to Prevent Student Data Leak

University of Utah Paid Out $450k to Ransomware Gang to Prevent Student Data Leak

The University of Utah paid a hefty sum of $457,059.24 to a ransomware gang to prevent compromised student data from being leaked online.

Deribit Hackers Turns to Tornado Cash to Launder Stolen Funds

Deribit Hackers Turns to Tornado Cash to Launder Stolen Funds

The hacker(s) who exploited Deribit Exchange have started laundering the stolen cash through Tornado Cash

Exclusive: Deloitte Blockchain Lab on the Three Areas of Collaborations with HKMA

Exclusive: Deloitte Blockchain Lab on the Three Areas of Collaborations with HKMA

We were delighted to interview Dr. Paul Sin, leader of the Deloitte Asia Pacific Blockchain Lab, who shared with us its development goals and the collaborations with HKMA across the Greater Bay Area and Europe.

Cryptocurrency Phishing Attacks Surge in 2022

Cryptocurrency Phishing Attacks Surge in 2022

Kaspersky reports a 40% YoY increase in cryptocurrency phishing attacks in 2022. These attacks involve fake websites and communication channels that mimic official companies to trick users into sharing private information such as private keys. Kaspersky warns that scammers continue to evolve their techniques and stories to lure in unsuspecting crypto investors.

Blockchain Security Firm Halborn Secures $90m in Series A Funding

Blockchain Security Firm Halborn Secures $90m in Series A Funding

Blockchain security firm Halborn has secured $90 million in Series A funding. However, the valuation of the Miami-based company has not been disclosed.

Darknet Marketplace Empire Alleged to Have Exit Scammed with $30 Million Worth of Bitcoin

Darknet Marketplace Empire Alleged to Have Exit Scammed with $30 Million Worth of Bitcoin

Darknet digital marketplace Empire Market appears to have exit scammed and made off with a hefty profit of 2,638 Bitcoin (BTC).

MetaMask Users Email Addresses Exposed in Cybersecurity Incident

MetaMask Users Email Addresses Exposed in Cybersecurity Incident

MetaMask, the popular Ethereum wallet, experienced a cybersecurity incident that exposed the email addresses of some of its users who submitted a customer support ticket between August 1, 2021 and February 10, 2023. The breach may have affected up to 7,000 users and some of the customer support tickets included a free text field where users may have submitted personally identifying information. The company has taken steps to eliminate unauthorized access in the future and is working with a cybersecurity and forensics team to investigate the incident.

Bitfinex Tackles Phishing Incident: No Customer Funds Affected

Bitfinex Tackles Phishing Incident: No Customer Funds Affected

Bitfinex has resolved a phishing incident causing partial customer information exposure, confirming no loss of funds or sensitive data compromise, and ensuring ongoing security measures.

Australians Lost Over $70M to Scam Crypto Investments in H1 2021

Australians Lost Over $70M to Scam Crypto Investments in H1 2021

Australians continue to suffer from online scams. More than half of the $70 million in losses were to cryptocurrency, especially through Bitcoin, a study says.

Robinhood Compromised as Dark Web Hackers Allegedly Hold More Than 10K Login Keys

Robinhood Compromised as Dark Web Hackers Allegedly Hold More Than 10K Login Keys

More than 10,000 Robinhood trading accounts have allegedly been hacked, and despite customer complaints, it appears as though the firm has been slow to act.

US Officials Warn of AI's Role in Cyber Crimes

US Officials Warn of AI's Role in Cyber Crimes

U.S. authorities are actively addressing the challenges posed by AI in cybersecurity and the legal system, balancing innovation with the need for safety, security, and ethical considerations.

OpenAI Launches Bug Bounty Program

OpenAI Launches Bug Bounty Program

OpenAI has launched a bug bounty program to address privacy and cybersecurity issues, inviting security researchers and ethical hackers to identify and address vulnerabilities in its systems. The program offers cash rewards ranging from $200 to $20,000 for qualifying vulnerability information.

Chinese Police Seize $14M in Crypto from Scammers Posing as Huobi Officials

Chinese Police Seize $14M in Crypto from Scammers Posing as Huobi Officials

The Chinese police arrested a crypto scammer gang in Wenzhou that reportedly swindled $14.3M in cryptocurrencies.

Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program

Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program

Hong Kong's innovation hub, Cyberport along with leading global enterprise blockchain platform provider R3 and FORMS HK have launched the Block AdVenture program.

US National Lab Computer Scientists Deploy Artificial Intelligence (AI) to Thwart Illegal Crypto Mining

US National Lab Computer Scientists Deploy Artificial Intelligence (AI) to Thwart Illegal Crypto Mining

Los Alamos National Laboratory has created an artificial intelligence (AI) system capable of identifying malicious codes that mine cryptos such as Bitcoin.

Nomad Lost Nearly $190m TVL in "Decentralized Robbery"

Nomad Lost Nearly $190m TVL in "Decentralized Robbery"

Cross-chain token bridge Nomad was breached on Monday, which resulted in a loss of cryptocurrency worth almost $200 million in terms of Total Value Locked (TVL).

Detail: Binance Addresses CyberConnect CYBER Simple Earn Flexible Products Redemption Issues

Detail: Binance Addresses CyberConnect CYBER Simple Earn Flexible Products Redemption Issues

Binance addressed CYBER redemption concerns due to a price discrepancy between Upbit and other exchanges. This led to liquidity shortages for CYBER on Binance and other exchanges. Measures include dynamic loan adjustments, stricter risk management, risk warnings, and compensation for affected users with 800,000 USDT and 871 CYBER.

Darknet Empire Offline for Days Has Users Fearing DDoS Attack and Looming Scam

Darknet Empire Offline for Days Has Users Fearing DDoS Attack and Looming Scam

A popular darknet marketplace, Empire Market, has been reported to be offline for over 48 hours, making website users fretful as to the cause behind it.

Empowering Enterprise Blockchain Integration with Hyperledger and R3

Empowering Enterprise Blockchain Integration with Hyperledger and R3

Cyberport, being the digital flagship of Hong Kong has gained collaborations with other government-linked organizations, such as InvestHK. InvestHK is the department of the Hong Kong government responsible for foreign direct investment and for promoting Hong Kong’s status as the leading international business hub in Hong Kong.

Cyber L2 & SPACE ID Partnership Unveiled, Cyber Ecosystem Airdrop Announced

Cyber L2 & SPACE ID Partnership Unveiled, Cyber Ecosystem Airdrop Announced

CyberConnect partners with Space ID to improve interoperability, support Cyber L2 scalability, and provide an ecosystem airdrop for token stakers, enabling faster on-chain transactions.

Teenage Twitter Hacker Could Use Bitcoin to Post $725,000 Bail

Teenage Twitter Hacker Could Use Bitcoin to Post $725,000 Bail

The mastermind behind Twitter’s recent massive hack attack has finally been arrested after a nationwide investigation by the FBI, and bail for him has been set at $725,000.

AI Transforming Cybersecurity Landscape: Key Challenges and Solutions

AI Transforming Cybersecurity Landscape: Key Challenges and Solutions

AI is transforming the cybersecurity landscape in 2024 with advanced threat detection, zero-trust architecture, and generative AI, while facing challenges like adversarial AI and regulatory complexities.

Bitcoin Ransoms Doubled in 2019, New Report Warns Investors

Bitcoin Ransoms Doubled in 2019, New Report Warns Investors

Crypsis Group, a crypto forensics firm, noted in a recently released security report that crypto-ransoms, such as those involving Bitcoin, rose almost 200 percent for last year, compared to 2018.

Hong Kong Government Alerts Public to AI-Generated Scams Featuring Deepfake of Chief Executive

Hong Kong Government Alerts Public to AI-Generated Scams Featuring Deepfake of Chief Executive

The Hong Kong government warns against AI-generated scams, including a deepfake video of Chief Executive John Lee, urging public vigilance and caution.

SEC: X Account Compromised Through Phone Number Control in SIM Swap Hack

SEC: X Account Compromised Through Phone Number Control in SIM Swap Hack

The recent unauthorized access to the U.S. Securities and Exchange Commission's (SEC) X account, which led to a fake Bitcoin ETF announcement, has raised significant concerns about cybersecurity in financial regulatory bodies.T

North Korean Crypto Thefts in 2023: A $700 Million Cyber Menace

North Korean Crypto Thefts in 2023: A $700 Million Cyber Menace

North Korean groups were linked to 33% of 2023's crypto thefts, stealing up to $700M. Their methods evolved, involving crypto mixers and converting assets to Tether or Tron, highlighting the ongoing cyber threat from DPRK.

BAYC says Discord Server was "Compromised"

BAYC says Discord Server was "Compromised"

Bored Ape Yacht Club (BAYC) announced through Twitter that its Discord server was hacked.

Hong Kong Police Crackdowns Crypto Investment Scam, involving $11M HKD

Hong Kong Police Crackdowns Crypto Investment Scam, involving $11M HKD

Hong Kong police announced Friday the authority has dismantled a cryptocurrency investment scam involving as much as 60 million Hong Kong dollars. At least 19 people are under arrest.

3 Ways Blockchain is Transforming Cybersecurity

3 Ways Blockchain is Transforming Cybersecurity

Blockchain technology ensures that data is stored in immutable distributed ledgers and it can be instrumental in enhancing cybersecurity by averting DDoS attacks, authenticating downloads, and offering consensus mechanisms.

French Finance Minister Praises Blockchain, but Condemns Cryptocurrency

French Finance Minister Praises Blockchain, but Condemns Cryptocurrency

French Finance Minister Bruno Le Maire has once again made his stance on crypto clear – he is critical of it and does not support it.

Man Who Pays Hitman in Bitcoin to Kill His Wife Gets Traced Back to Coinbase Account

Man Who Pays Hitman in Bitcoin to Kill His Wife Gets Traced Back to Coinbase Account

A Tennessee man allegedly used Bitcoin to pay a hitman he found on a murder-for-hire website to kill his wife.

Dozens of AI-Powered Chatbot Tokens Found to Be Part of honeypot schemes

Dozens of AI-Powered Chatbot Tokens Found to Be Part of honeypot schemes

Blockchain security company PeckShield has warned about "dozens" of BingChatGPT pump-and-dump tokens.

Exclusive: Blockchain Beats AI and Big Data for the Highest Average Annual Salary in the UK

Exclusive: Blockchain Beats AI and Big Data for the Highest Average Annual Salary in the UK

The report titled “The Disruption of Disruptive Tech” by Capital on Tap highlighted the state of disruptive tech adoption in early 2020. The U.S. had the most businesses in various disruptive technologies, with 71% dominance in cloud consulting and 53% in cybersecurity.

Ripple (XRP) CTO responds to phishing scam concerns following Cory Doctorow's $8000 loss

Ripple (XRP) CTO responds to phishing scam concerns following Cory Doctorow's $8000 loss

Ripple's CTO David Schwartz emphasizes his cybersecurity savvy, responding to phishing scam concerns after Cory Doctorow's $8000 loss. Ripple educates on scam identification and prevention, amidst increasing social media-based crypto frauds.

Teenage Bitcoin Scammer Behind 2020 Massive Twitter Hack Gets Sentenced to 3 Years in Prison

Teenage Bitcoin Scammer Behind 2020 Massive Twitter Hack Gets Sentenced to 3 Years in Prison

Graham Ivan Clark, a Florida teenager, will serve three years of probation after receiving a jail term of three years in prison.

Australia Evaluates Mandatory AI Rules in High-Risk Areas

Australia Evaluates Mandatory AI Rules in High-Risk Areas

Australia is considering mandatory regulations for AI development in high-risk areas, balancing innovation with public safety, ethical concerns, and global alignment in AI governance.

Feds Suspect US Unemployment Systems Attacked by Fraudsters, Leading to Losses in the Hundreds of Millions of Dollars

Feds Suspect US Unemployment Systems Attacked by Fraudsters, Leading to Losses in the Hundreds of Millions of Dollars

According to federal authorities in the US, a group of international cybercriminals has been reportedly attacking the US unemployment systems, funneling millions of dollars in payments that were intended to support the detrimental effects the coronavirus pandemic had on the economy. With the number of infections in the US growing at an appalling rate, so far 1.5 million American citizens have been infected, with over 90,000 related deaths. The unemployment crisis in the country has surpassed the rate since the Great Depression, as the official US unemployment rate is at its highest in recorded history, at an alarming 14.7 percent. The New York Times obtained a memo from the US Secret Service, indicating that the fraud scheme was coming from a “well-organized Nigerian fraud ring,” and could result in the loss of hundreds of millions of dollars in the American financial system.

PwC Felix Kan: The Ethical Hacker for Modern Cyberattacks

PwC Felix Kan: The Ethical Hacker for Modern Cyberattacks

Felix Kan is a Partner in PwC’s Risk Assurance Cybersecurity Privacy practice with 10 years of extensive experience. Kan began his career as an ethical hacker and has committed his career to helping Hong Kong companies enhance their protections against increasingly sophisticated cyberattacks.

McAfee Comes Clean on His Statement of Bitcoin, in Wake of His 'Dickening'

McAfee Comes Clean on His Statement of Bitcoin, in Wake of His 'Dickening'

In recent news, John McAfee appeared to have retracted his previous statement regarding Bitcoin, now claiming he never believed that Bitcoin would hit $1 million dollar in pricing.

Bitfinex Successfully Prevents $15 Billion XRP Exploit Attempt

Bitfinex Successfully Prevents $15 Billion XRP Exploit Attempt

Bitfinex successfully prevented a complex exploit attempt targeting $15 billion worth of XRP, highlighting the continuous need for advanced security measures in cryptocurrency exchanges. The exchange's correct system configurations played a pivotal role in averting potential theft, emphasizing the importance of robust cybersecurity practices in the digital currency domain.

Blockchain Ecosystem Suffers Over $9.8B Worth Security Lost in 2021

Blockchain Ecosystem Suffers Over $9.8B Worth Security Lost in 2021

According to Snowmist, the blockchain industry has been well characterized by cryptocurrency crimes, money laundering, fraud, cases of theft, drug trafficking, and mining crimes all of which occur frequently.

Netflix to Release Documentary on 2016 Bitfinex Hack

Netflix to Release Documentary on 2016 Bitfinex Hack

Netflix Inc has announced it is going to release a documentary about the 2016 Bitfinex hack, a financial crime that can earn the tag as one of the biggest financial thefts in history.

Microsoft Takes Down COVID-19 Cyber Criminals to Eliminate "Business Email Compromise" Attacks

Microsoft Takes Down COVID-19 Cyber Criminals to Eliminate "Business Email Compromise" Attacks

Scammers have been taking advantage of COVID-19 and the worldwide economic crisis revolving around it to retrieve personal information and phish data from Microsoft users.

US Treasury Sanctions Two Men Accused of Laundering Crypto for North Korean Cyber Crime Syndicate

US Treasury Sanctions Two Men Accused of Laundering Crypto for North Korean Cyber Crime Syndicate

The US Treasury Department Office of Foreign Asset Control has sanctioned two men believed to involved in laundering stolen cryptocurrency from a 2018 cyberattack against a cryptocurrency exchange.

Blockchain and AI: The Delicate Balance Between Two Cyber Titans

Blockchain and AI: The Delicate Balance Between Two Cyber Titans

Artificial Intelligence and Blockchain. A technological duality with immense potential to disrupt and create a new order. But is mankind playing with fire?

Several Cryptocurrency Firms Suffer Domain Cyber-Attacks Due to GoDaddy Employee Error

Several Cryptocurrency Firms Suffer Domain Cyber-Attacks Due to GoDaddy Employee Error

Malicious actors gained control of domains owned by several cryptocurrency firms after tricking GoDaddy employees.

Is China Hacking Australia? Cryptojacking Cyberattacks Hit Hard Down Under

Is China Hacking Australia? Cryptojacking Cyberattacks Hit Hard Down Under

The Australian Cyber Security Center has published a report highlighting vulnerabilities that are being exploited by hackers using cryptojacking malware.

Bitfinex CTO: Keeping Crypto Safe with State-of-the-Art Cyber Security

Bitfinex CTO: Keeping Crypto Safe with State-of-the-Art Cyber Security

Paolo Ardoino, the CTO of Bitfinex and Tether tells us why safety and security should always be a top priority for crypto exchanges.

Ransomware Group Strikes Again: Canon Takes a Hit

Ransomware Group Strikes Again: Canon Takes a Hit

Canon recently suffered a cyber attack where approximately 10 terabytes of files, photos and data were stolen.

Different Stances on Cryptocurrency Risk Revealed, Many Still Link Crypto to Cyber Fraud

Different Stances on Cryptocurrency Risk Revealed, Many Still Link Crypto to Cyber Fraud

Findings revealed that banks, governments, and cryptocurrency professionals were divided in their stance on digital currencies.

US Files Lawsuit to Recover Cryptocurrency Accounts Linked to North Korean Hacking Operation

US Files Lawsuit to Recover Cryptocurrency Accounts Linked to North Korean Hacking Operation

The US Department of Justice has filed a suit against North Korean state-sponsored cyber hackers for allegedly perpetrating two major cryptocurrency heists.

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