Clipper Malware Exploited the MetaMask App in Google Play Store

Clipper Malware Exploited the MetaMask App in Google Play Store

Cryptocurrency and its underlying technology, blockchain, are regarded by many as one of the most secure forms of storing wealth – and for good reasons. Blockchain could be used as a sophisticated tool that makes it difficult for cybercriminals to manipulate. Each crypto user is given a unique string of characters that make up a wallet address, and this system is designed in such a way that no two individuals in the block have the…

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UK Regulator: In 2018 Victims Lost an Average of £29,000 to Investment Scams, Crypto in the Lead

UK Regulator: In 2018 Victims Lost an Average of £29,000 to Investment Scams, Crypto in the Lead

The U.K. Financial Conduct Authority (FCA) has issued a warning to investors, encouraging them to be vigilant against the threat of investment scams, which most commonly are involved with cryptocurrencies. This warning comes as a result of Action Fraud, the UK’s national fraud reporting service, revealing over £197 million reported losses in 2018. On average, victims lost over £29,000 to investment scams. Investment scams are evolving as scammers become more sophisticated and adept at targeting their victims….

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20-Year-Old College Student Sentenced to 10 Years in Prison for SIM Hacking and Stealing Bitcoin

20-Year-Old College Student Sentenced to 10 Years in Prison for SIM Hacking and Stealing Bitcoin

Over the past years, fraudulent activities through SIM swapping have been the rave. Phone numbers of unsuspecting victims are being hijacked through SIM swapping and used to access relevant and sensitive information in the victim’s phone; crypto wallets are a good target. Crypto wallets are designed to be protected by the device. Consequently, anyone who gains hold of the necessary details is considered the owner and allowed uninterrupted access to the wallets. This nefarious act…

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New Mac Malware Snatches Browser Cookies to Mine and Swipe Cryptocurrency

New Mac Malware Snatches Browser Cookies to Mine and Swipe Cryptocurrency

The world of cryptocurrency is throbbing with undiscovered data stealing tactics i.e. Ponzi schemes, phishing sites, malware, so-called giveaway etc. which are being used to execute a variety of hacking and stealing activities. One such a program/malware which is part of these tactics was recently discovered by Unit 42, the global threat intelligence team at Palo Alto Network. This new malware is based on OSX.DarthMiner, a malware known to target the Mac platform and has…

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15 Suspects Arrested in $8 Million Cryptocurrency Scam in Taiwan

15 Suspects Arrested in $8 Million Cryptocurrency Scam in Taiwan

Cryptocurrencies have always had a mixed reputation. On the one hand, they are hailed as the next gen technology to replace the current banking systems of the world; but they have also been widely criticized for the lack of oversight that allows some organizations to rob investors of their money by showing hopes of quick and big returns. In fact, in 2018 the crypto industry had to suffer a $3 billion loss at the hands…

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Ethereum Scams More Than Doubled in 2018 with $36 Million Stolen

Ethereum Scams More Than Doubled in 2018 with $36 Million Stolen

Scams in the cryptocurrency world have become common; perhaps too common. There’s not a single year that hasn’t witnessed such scams. According to tracking site EtherscamDB $36 million worth of Ethereum were stolen in scams in the year 2018, double than the $17 million take-ups in the year 2017. Surprisingly (or not), the beginning of the year 2019 has also witnessed the year’s first reported crypto hack where $16 million worth of Ethereum and ERC20…

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Iceland’s “Big Bitcoin Heist” Fugitive Sentenced to 4.5 Years in Prison

Iceland’s “Big Bitcoin Heist” Fugitive Sentenced to 4.5 Years in Prison

Last year it was revealed by officials that Sindri Thor Stefansson, the mastermind behind Iceland’s biggest Bitcoin heist, managed to flee prison and board an international flight. But who is the man behind the heist? Sindri Thor Stefansson is suspected of masterminding the theft of 600 Bitcoin mining computers, worth around $2 million. Stefansson was arrested along with 10 others for the crime, which was carried out between December 2017 and January 2018 in a…

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The Crypto-Darknet Market Flourished in 2018, Netting Over $600M

The Crypto-Darknet Market Flourished in 2018, Netting Over $600M

Cryptocurrencies have always been accused of attracting the attention of the criminal world because of its ability to work across borders without relying on financial institutions. These institutions can somewhat deter the wrong crowd by requiring identification and documentation to confirm that identification, and thus “attaching” the money that’s being transferred to specific individuals or organizations that make the transactions. Cryptocurrencies, however, allow anyone to create a virutal wallet address and start buying digital coins…

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A Quick Look at the Underground World of Crypto-Mining Malware

A Quick Look at the Underground World of Crypto-Mining Malware

The fast-rising cybercrime, crypto-mining malware, has been a matter of concern lately. Many investigations and studies have been carried out to ascertain how the not-so-easy-to-spot insidious operations work. Although these investigations have helped to debunk lots of myths, very little light has been shed on binary-based crypto-mining malware. While web-browser cryptojacking, the commonly known form of crypto-mining malware, has got all of the attention. This necessitated the need for in-depth research on the entire underground…

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The Geek Group Founder Chris Boden Comments on Federal Investigation: “I Did a Stupid Thing”

The Geek Group Founder Chris Boden Comments on Federal Investigation: “I Did a Stupid Thing”

The National Science Institute, previously known as The Geek Group, took to YouTube to share details of the investigation into their company, by the FBI. Computers, Hard drives, and other tech were removed from the offices on December 21 due to accusations of cryptocurrency trading without the required authorization. The United state’s Department of Homeland Security and three other federal agencies, including the IRS were executing a sealed search warrant at the headquarters. The Geek…

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