The founder of bankrupt cryptocurrency exchange FTX, Sam Bankman-Fried, has been arrested by police in the Bahamas, the day before he was due to remotely testify before Congress. Bahamian officials say he faces a "likely" extradition request from the U.S., which has filed charges against him.
Hackers, possibly North Korea's Lazarus Group, are behind a campaign that socially engineers cryptocurrency traders into opening an Excel spreadsheet loaded with a malicious macro. Pyongyang hackers specialize in cryptocurrency theft as the regime seeks hard currency to fuel weapons development.
Web3 companies are under attack by cybercriminals all year. After a compromise occurs, how should organizations respond? In Part 2 of this interview, Martin Derka of Web3 security firm Quantstamp discusses short-term and long-term mitigation steps and how to defend against cryptocurrency theft.
Threat actors are targeting Web3 and making off with billions in stolen cryptocurrency. How do they find vulnerabilities and plan and execute attacks? How can you defend against such attacks? Martin Derka of Web3 security firm Quantstamp shares insights by walking a mile in a hacker’s shoes.
A British judge ordered cryptocurrency trading platforms to divulge the identities of account holders accused of holding funds stolen from an English digital assets exchange. A change in civil procedure makes it easier for English judges to subpoena foreign entities in cases of financial fraud.
While the cybercrime story for 2022 has yet to be fully written, cryptocurrency theft will no doubt have a starring role. Buoyed by the collective pilfering of billions of dollars' worth of cryptocurrency this year, what's to stop attackers from doubling down in 2023?
The latest edition of the ISMG Security Report discusses how the profits of ransomware group Zeppelin have been smashed by security researchers, FTX again highlighting the risks of trading cryptocurrencies, and vendor Extrahop's newly appointed, high-profile president.
On the heels of the recent FTX financial meltdown came the theft of millions of dollars that left thousands of investors, exchanges and others in the lurch. Hugh Brooks of CertiK shares the status of data that FTX stores, the role of regulations and best cybersecurity practices for crypto exchanges.
After the collapse of the FTX cryptocurrency exchange, I received a small postcard from Japan. The sender was Mt. Gox. Here's how I bought a bitcoin for $12 and had a painful front-row seat for the first big cryptocurrency exchange collapse, plus some thoughts about cryptocurrency.
On the heels of the recent FTX financial meltdown came the theft of millions of dollars that left thousands of investors, exchanges and others in the lurch. Hugh Brooks, director of security operations at CertiK, shares how the funds may have been stolen and what happens next.
Iranian hackers used Log4Shell to penetrate the network of an unnamed federal agency where they stole passwords and implanted cryptocurrency mining software. Whether the Iranians were acting wholly on Tehran's behalf, on their own behalf, or both, is uncertain.
Bankrupt cryptocurrency exchange platform FTX says unsanctioned actors made off with customers' digital assets, causing a scramble to secure digital wallets. Estimates of the amount of stolen money are in the hundreds of millions. FTX filed for bankruptcy Friday after entering a liquidity crunch.
In the latest weekly update, ISMG editors discuss implications of the seizure of $3.36 billion in stolen bitcoin, whether the EU is complicit in the spread of advanced spyware, and the departure of the U.K.'s Dr. Ian Levy, technical director of NCSC, with some important parting words.
Federal agents seized more than 50,000 in bitcoin stolen from Silk Road a decade ago by a man who until recently owned a Tennessee real estate development firm. James Zhong, 32, pleaded guilty Friday to one count of wire fraud while prosecutors seek to formally claim the cryptocurrency.
In the latest weekly update, ISMG editors share how amateur tactics employed by ransomware gangs are leading fewer victims to pay ransoms, why traditional identity controls can't protect against the growing authorized payment scams, and highlights from ISMG's Crypto and Payments Summit.
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