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US Treasury Targets Three Notorious North Korean Hacking Groups

Posted on September 16, 2019December 11, 2019 by Rehan Yousaf

According to a press release published on September 13th, the U.S. Department Of The Treasury is sanctioning three North Korean state-sponsored malicious cyber groups, known by the names of Andariel, the Lazarus Group and Bluenoroff. All have targeted and employed cryptocurrency for their nefarious purposes. In a statement released by the department, the Treasury’s Under Secretary for Terrorism and Financial intelligence Sigal Mandelker commented: “Treasury is taking action against North Korean hacking groups that have…

UK Hacker Arrested for Stealing Unreleased Music and Selling It for Cryptocurrency

Posted on September 16, 2019December 11, 2019 by Ravi Rd

On Friday, London police arrested a 19-year-old hacker who allegedly targeted artists and their music recording by stealing their unreleased songs from their web archives and sold them for cryptocurrency on the dark web. The Manhattan District Attorney’s office in New York has received several complaints from management companies of recording artists, which led it to start the investigation. The suspect was arrested in Eastern England and the police hasn’t revealed his identity yet. As…

Suspected Capital One Hacker Is Now also Accused of Cryptojacking

Posted on August 29, 2019December 11, 2019 by Rehan Yousaf

Paige Thompson, suspect of the Capital One hacking, was charged with the crime of hacking cloud-computing servers and stealing the data of the company to mine cryptocurrency. She now faces up to 25 years in prison for wire fraud, computer fraud and abuse. Former software engineer at Amazon, Paige was arrested on July 29th for alleged hacking. She has presumably compromised data of more than 100 million people. In the official document, not all companies…

UK Court Orders a Hacker to Pay Back Nearly £1M in Bitcoin to Victims

Posted on August 26, 2019December 11, 2019 by Ravi Rd

One Phishing crime was reported lately by the UK’s Metropolitan Police where a hacker was ordered to pay back the 1-million-pound worth of Bitcoin(BTC)trade to victims. The judge told the accused that he would face four more years in jail if he refused to comply. The UK’s Southwark Crown Court ordered Grant West, 27, from Kent in southeast England, to pay back victims from whom he stole cryptocurrency. West had been operating under the online…

Bitcoin for Hacking: 19-Year-Old UK Hacker Gets 20 Months in Prison

Posted on August 19, 2019December 11, 2019 by Ravi Rd

Norfolk Constabulary (local police) in the U.K. has recently announced that a 19-year-old man was sent to twenty months in prison and was also required to pay back more than £400,000 by Norwich Crown Court for hacking services that he had provided in exchange for crypto payments. According to Norfolk Police, the accused stole personal data of several users and offered hacking services in exchange for thousands of pounds worth of Bitcoin(BTC)trade. Cryptocurrency crimes and…

Binance’s KYC Data Leaked after the Crypto Exchange Refused to Pay Ransom to Hacker

Posted on August 8, 2019December 11, 2019 by Rehan Yousaf

On August 7, a Telegram user under the name “Guardian M” claimed to have proof of the allegedly breached know-you-customer (KYC) data of users of the crypto exchange Binance and uploaded 851 photos of KYC data on a Telegram channel. The pictures contain passports, IDs, licenses, and other personal documents along with a link to the website on which the hack was reported. After the incident, thousands of people joined the channel in just one…

Japanese Crypto Exchange Bitpoint Loses $32 Million in a Hack and Ceases Operations

Posted on July 14, 2019December 11, 2019 by Ravi Rd

When it comes to cyber-attacks on cryptocurrency service providers such as crypto exchanges, trading platforms, wallet service providers, etc. Japan has been quite prolific. Recently, another Japanese crypto exchange, Bitpoint, stopped its trading services due to a major cryptocurrency hack resulting in a loss of about 3.5 billion Japanese Yen ($32 million) worth of cryptocurrency, which includes popular cryptocurrencies such as Bitcoin(BTC)trade, Bitcoin Cash (BCH), Ripple (XRP)trade, etc. On July 11th, Bloomberg reported that the…

The Most Prominent Crypto Exchange Hacks

Posted on July 8, 2019December 11, 2019 by Lipsa Das

While cryptocurrency is generally considered to be well secured, there have been multiple incidents with crypto exchanges, whereby individuals or groups have hacked into crypto exchanges, stealing millions in cryptocurrency. While this has raised a few key concerns among investors about the safety of investing or trading on these trading platforms, it has also resulted in better security and an understanding into the basic vulnerabilities of crypto exchanges. However, even with the most secure systems,…

$4.5 Million Hack Scare into Crypto Exchange Bitrue; “100% Funds Recovered”

Posted on June 30, 2019December 11, 2019 by Julie Williams

Bitrue, a crypto exchange based in Singapore, announced another hack scare into its platform the early hours of Thursday, June 27th. According to a series of tweets released by the crypto exchange on Twitter and its Telegram account, the firm’s security team detected a massive hack at about 1 am on June 27. Stating from the report provided, the hack affected about 90 Bitrue users’ wallets and totals at a whopping sum of $4.5 million…

Hackers Extort $600K in Bitcoin from a City Council in Florida

Posted on June 24, 2019December 11, 2019 by Rehan Yousaf

The city council of Riviera Beach has agreed to pay $600,000 in Bitcoin(BTC)trade to hackers, as reported by the New York Times. The city council caved after being denied access to the data that was encrypted in a ransomware attack and agreed to pay the ransom. The hackers asked to be paid in Bitcoin, which makes it very difficult to track down the money because of the anonymity that Bitcoin transactions provide. On May 29th,…

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