This week, Samourai Wallet co-founder was arrested, a $45M hack hit Hedgey Finance, El Salvador wallet data leaked, another was charged in the OneCoin case, the SEC wants to fine Terraform Labs, prosecutors want a three-year prison term for CZ, and Thailand cracked down on unauthorized operators.
A New York federal jury has found a hacker guilty of charges that he masterminded and carried out a scheme to fraudulently obtain $110 million in cryptocurrency from crypto currency exchange Mango Markets and investors.
Every week, ISMG rounds up cybersecurity incidents in digital assets. This week, sentencing in the first-ever conviction for hacking a smart contract, indictment in a million-dollar illicit mining, FTX executive's sentencing, Railgun's money-laundering defense and Uniswap's Wells Notice.
Hackers who appear to be Chinese are exploiting vulnerabilities in the OpenMetadata platform running as workloads on Kubernetes clusters to download cryptomining software, warned Microsoft. "I want to buy a car," the hackers tell victims in a note and solicit monero donations.
As the Sam Bankman-Fried courtroom saga continues, crypto policy expert Ari Redbord discusses the sentencing's impact of the FTX founder on the ecosystem and regulations, what lies ahead for the industry and approaches to curbing illicit finance threats in the space.
This week, Google sued alleged crypto fraudsters, Mango Markets exploiter's trial began, Do Kwon and Terraform Labs are liable for civil fraud, Taiwanese prosecutors indicted ACE Exchange's co-founder, Wormhole nearly gave $40,000 to hackers and a Binance executive pleaded not guilty in Nigeria.
As Web 3.0 gains momentum, it poses major risks - economic uncertainties, cyberthreats and communication challenges, said RAID Square CEO Sébastien Martin. "There is a lot of regulation, and if you're not respecting the regulation, there is a lot of risk in terms of reputation," he said.
This week, hackers stole from Prisma Finance and demanded praise, a OneCoin head was sentenced to prison, a Tornado Cash co-founder asked for dismissal of charges, FTX said it will repay customers, Singapore has new digital payment token rules, and the BoE and FCA launched Digital Security Sandbox.
In the latest weekly update, legal expert Jonathan Armstrong joined three ISMG editors to discuss the Department of Justice's antitrust lawsuit against Apple, ransomware payment dilemmas and AI copyright infringement fears - highlighting the intricate legal issues shaping big tech and cybersecurity.
This week, Sam Bankman-Fried got 25 years, the U.S sanctioned a Russian fintech, Coinbase can't get out of an SEC lawsuit, Munchables lost millions and had it returned, Curio and ParaSwap had smart contract problems, Hong Kong warned about crypto entities, and TRM Labs reported 2023 crypto trends.
This week, FTX emergency CEO John Ray filleted previous CEO Sam Bankman-Fried, the SEC charged 17 members in a $300 million Ponzi scheme, Hong Kong warned against Bybit, reports said North Korea made half of its revenue from cyberattacks, and police rescued hundreds from a pig-butchering scam center.
This week, amounts for crypto and phishing losses were released, the Bitcoin Fog operator was convicted, the EU approved rules to strengthen sanctions, the federal government sought to recover losses linked to pig butchering, and the Philippines blocked unlicensed crypto websites.
This week, Binance laid off two-thirds of its staff and said it is exiting Nigeria, Chainalysis released 2023 crime statistics, Fantom said it will seek Multichain's liquidation, hackers stole millions from the WOOFi and Seneca crypto platforms, and Hong Kong blocked six fake websites.
A new phishing campaign is targeting victims through mobile devices by mirroring legitimate login pages for the Federal Communications Commission and large cryptocurrency platforms including Binance and Coinbase. At least 100 victims, including crypto company employees, have fallen for the scam.
This week, progress was made in the FTX case, a hacker testified in the Bitcoin Fog case, an Axie Infinity co-founder and a MicroStrategy account were hacked, the KyberSwap hacker moved funds, the EU has a new AMLA office, and Aleo was breached.
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