crypto

US government takes down major North Korean ‘remote IT workers’ operation 

Security /

The U.S. Department of Justice announced on Monday that it had taken several enforcement actions against North Korea’s money-making operations, which rely on undercover remote IT workers inside American tech companies to raise funds for the regime’s nuclear weapons program, as well as to steal data and cryptocurrency.   As part of the DOJ’s multi-state effort, […]

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Katie Haun on the GENIUS Act and what it may mean for the future of crypto

Venture /

This week on StrictlyVC Download, we’re bringing you to our recent event in Menlo Park. TechCrunch’s editor in chief, Connie Loizos, was joined by Katie Haun, founder and CEO of Haun Ventures, who shared an inside look at her contrarian “harpoon strategy” that targeted distressed crypto assets during the depths of crypto winter. They explored everything from

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Hackers steal and destroy millions from Iran’s largest crypto exchange

Security /

Iran’s largest crypto exchange, Nobitex, said Wednesday that it was hacked and funds have been drained from its hot wallet. In a statement on its website translated by TechCrunch, Nobitex said it detected unauthorized access to its infrastructure and hot wallet, in which the company stores a portion of its customers’ cryptocurrency. The company said

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US government sanctions tech company involved in cyber scams

Security /

The U.S. government imposed sanctions on FUNNULL, a company accused of providing infrastructure for cybercriminals running so-called “pig butchering” crypto scams that have led to $200 million in losses for Americans victims.  On Thursday, the Treasury’s Office of Foreign Assets Control announced the sanctions, saying FUNNULL is “linked to the majority of virtual currency investment

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A new kids’ show will come with a crypto wallet when it debuts this fall

Cypto /

A new animated kids’ series expected to premiere this year won’t be headed for a TV network. Or a streaming service. Instead, the founders of production studio We Ghosted Media plan to launch on a decentralized web platform that uses blockchain technology. And yes, a crypto wallet will be involved.  We Ghosted Media — founded by

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US lifts sanctions on Tornado Cash, a crypto mixer linked to North Korean money laundering

Cypto /

U.S. Treasury officials have lifted sanctions on Tornado Cash, a crypto mixer that the U.S. government previously said was used to launder $7 billion worth of crypto stolen by North Korean hackers. In a statement, the Treasury said it “exercised our discretion” to delist Tornado Cash following a legal battle. Sanctions make it illegal for

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