Ilya "Dutch" Lichtenstein, 35, confessed in U.S. federal court to hacking billions of dollars from virtual currency exchange Bitfinex and laundering stolen funds with his 33-year-old wife, Heather Morgan. Lichtenstein pleaded guilty to conspiracy to commit money laundering.
ISMG's roundup of digital assets-related cybersecurity incidents includes Kenya, France and Germany's probe into WorldCoin; July security incidents; Curve Finance and LeetSwap theft; the crypto amendment in the NDAA; and India's lack of crypto regulation.
Ukraine blocked an illicit money laundering network operating across the country that made use of sanctioned Russian payment systems and cryptocurrency exchanges to convert Russian rubles into Ukrainian hryvnia. The "black money exchanges" network processed more than $4 million monthly.
Between July 21 and 27, Worldcoin set off security and privacy alarms; threat actors stole from AlphaPo, CoinsPaid, Era Lend and Conic Finance; hackers set a cryptojacking record; Apple users became the target of a crypto-stealing malware and the DOJ merged its computer crime and crypto crime units.
A U.S. couple is set to file a plea deal for their role in laundering $4.5 billion in cryptocurrency from the Bitfinex virtual currency exchange in 2016. Federal prosecutors say they moved crypto to hide their tracks, withdrew it from ATMs and used gift cards to spend the money.
Suspected North Korean hackers who targeted enterprise software firm JumpCloud are likely behind a social engineering campaign targeting the personal GitHub accounts of employees from major technology firms - including those in the cybersecurity sector.
Days after attributing the recent breach in its customer environment, enterprise software company JumpCloud on Thursday confirmed the involvement of a North Korean nation-state actor who appears to be financially motivated to steal cryptocurrency.
Between July 14 and 20, senators introduced a bill to address DeFi risk, Nasdaq held back crypto custody plans, DeFi hackers laundered lesser amounts of stolen funds in the first half of this year than in H1 2022, and an Australian bank blocked payments to high-risk crypto exchanges.
Cryptocurrency hackers are shifting their focus from bitcoin to other tokens and newer blockchain services such as cross-chain bridges for illicit activity. Why is the oldest crypto token so unappealing to hackers these days, and what do other options offer? Ari Redbord of TRM Labs explained.
This Case Study talks about how when E-Commerce organization Pat Pat’s business grew their true fraud chargeback fees and losses also started to increase.
They found it difficult to distinguish between their trusted users and fraudulent behaviour of bad actors and found it hard to keep up with the amount of...
Between July 6 and 13, Multichain saw unauthorized outflow of $125 million, the DOJ announced its first DeFi smart contract-focused indictment, Silk Road boss Ross Ulbricht's aide and two others were sentenced, and the FTC and SEC turned up the heat on Celsius.
Cryptocurrency is the lifeblood of ransomware gangs, and their illicit use of crypto could hit record numbers this year. While overall crypto proceeds, including from crimes such as scams, fell dramatically over the past year, ransomware funds are expected to hit $899 million in 2023.
Microsoft released the largest set of patches of the year - software updates for 132 vulnerabilities, including six zero-days. Microsoft rated nine of the flaws as having critical severity, 121 as being important and eight as being linked to critical remote code execution vulnerabilities.
Every week, ISMG rounds up cybersecurity incidents in the digital assets world. This week, a Poly Network hacker stole $10 million, Belarus mulled banning P2P crypto payments, the Ethereum community proposed a new security standard and Russia raised $20 million in crypto.
Hackers kept pace with the rapid evolution of blockchain systems, stealing about $920 million in the first half of 2023. Cybercriminals attacked smart contracts, phished victims and stole from crypto exchanges in dozens of security incidents through June 30.
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