cryptocurrency

Hacked crypto exchange Bybit offers $140 million bounty to trace stolen funds

Cypto /

Last week, hackers stole around $1.4 billion in Ethereum cryptocurrency from crypto exchange Bybit, believed to be the largest crypto heist in history. Now, the company is offering a total of $140 million in bounties for anyone who can help trace and freeze the stolen funds. Bybit’s CEO and co-founder Ben Zhou announced the bounty […]

Hacked crypto exchange Bybit offers $140 million bounty to trace stolen funds Read More »

Crypto exchange Bybit says it was hacked and lost around $1.4B

Cypto /

Crypto exchange Bybit announced on Friday that “a sophisticated attack” led to the theft of Ethereum (ETH) from one of the company’s offline wallets. Bybit’s chief executive and co-founder Ben Zhou said in a livestream that the hackers stole around 401,346 ETH, which at the time of the theft amounts to about $1.4 billion.  Both

Crypto exchange Bybit says it was hacked and lost around $1.4B Read More »

Ransomware payments dropped in 2024 as victims refused to pay hackers

Security /

Ransomware payments fell by more than one-third in 2024 as an increasing number of victims refused to negotiate with hackers. In a report published Wednesday, crypto forensics firm Chainalysis said that while ransomware gang leak sites posted more victims than in previous years during 2024, fewer victims gave in to the hackers’ demands. Chainalysis reported

Ransomware payments dropped in 2024 as victims refused to pay hackers Read More »

US government charges operators of crypto mixing service used by North Korea and ransomware gangs

Cypto /

On Friday, the U.S. Department of Justice announced the indictments of Russian citizens Roman Vitalyevich Ostapenko, Alexander Evgenievich Oleynik, and Anton Vyachlavovich Tarasov, accusing them of operating services that helped criminals launder cryptocurrency. The three were allegedly involved in operating Bender.io and Sinbad.io, two cryptocurrency mixers “that served as safe havens for laundering criminally derived

US government charges operators of crypto mixing service used by North Korea and ransomware gangs Read More »

Terraform Labs co-founder Do Kwon will face fraud charges in the U.S.

Cypto /

Do Kwon, the co-founder of collapsed cryptocurrency startup Terraform Labs, will be extradited from Montenegro to the U.S. to face federal fraud charges, as first reported by Bloomberg. Kwon faces charges in both the U.S. and South Korea; Terraform Labs’ TerraUSD and Luna cryptocurrencies crashed in 2022, causing investors to lose over $40 billion. Terraform

Terraform Labs co-founder Do Kwon will face fraud charges in the U.S. Read More »

North Korean hackers have stolen billions in crypto by posing as VCs, recruiters and IT workers

Security /

A venture capitalist, a recruiter from a big company, and a newly hired remote IT worker might not seem to have much in common, but all have been caught as imposters secretly working for the North Korean regime, according to security researchers.  On Friday at Cyberwarcon, an annual conference in Washington DC focused on disruptive

North Korean hackers have stolen billions in crypto by posing as VCs, recruiters and IT workers Read More »

New UK crypto regulations will include stablecoins and staking services

Fintech /

The U.K. is set to create an all-encompassing regulatory framework to govern the crypto sector in early 2025. Speaking on Thursday at the Tokenisation Summit in London, economic secretary to the treasury Tulip Siddiq confirmed that the new rules would include cryptocurrency and stablecoins, which are pegged against a more stable asset such as a

New UK crypto regulations will include stablecoins and staking services Read More »

US charges five accused of multi-year hacking spree targeting tech and crypto giants

Security /

The U.S. government announced charges against five individuals accused of carrying out a multi-year hacking spree targeting tech giants and cryptocurrency owners, which security researchers dubbed 0ktapus. On Wednesday, the U.S. Department of Justice published a press release announcing the charges against the five alleged hackers: Ahmed Hossam Eldin Elbadawy, 23, of College Station, Texas;

US charges five accused of multi-year hacking spree targeting tech and crypto giants Read More »

2024 looks set to be another record-breaking year for ransomware — and it’s likely going to get worse

Security /

The ransomware industry is thriving, not losing.  Despite various law enforcement wins against ransomware actors, like the sweeping takedown of LockBit and the seizure of Radar, hackers continue to reap the rewards of these data-theft attacks — and 2024 looks set to be their most profitable year to date. That’s according to Allan Liska, a

2024 looks set to be another record-breaking year for ransomware — and it’s likely going to get worse Read More »

Binance founder ‘CZ’ released from custody after four-month sentence

Cypto /

Binance founder Changpeng “CZ” Zhao was released from US custody on Friday after serving out his four-month sentence in a low-security correctional facility. CZ’s sentence was the product of a federal investigation that found Binance had failed to stop widespread criminal activity on the world’s largest cryptocurrency exchange. CZ pleaded guilty to the DOJ’s charges,

Binance founder ‘CZ’ released from custody after four-month sentence Read More »