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FBI Creates Fake Cryptocurrency to Expose Widespread Crypto Market Manipulation

14Oct

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FBI Creates Fake Cryptocurrency to Expose Widespread Crypto Market Manipulation

In relation to claims that they were part of a large-scale fraud scheme, the U.S. Department of Justice (DoJ) has announced the arrests and filing of charges against a number of people and organizations. The U.S. Federal Bureau of Investigation (FBI) took the "unprecedented step" of establishing its own cryptocurrency token and corporation, NexFundAI, which led to the law enforcement action known as Operation Token Mirrors. According to information on its website, NexFundAI was promoted as redefining the "intersection between finance and artificial intelligence" and claimed to be working toward the creation of a cryptocurrency token that would act as both a catalyst for positive change in the AI industry and a safe haven for value read more about FBI Creates Fake Cryptocurrency to E...

Crypto crackdown continues in New York with third fraud case announced

This week, the Southern District of New York federal court unsealed yet another case involving purported bitcoin fraud. It appears that the local authorities are adamant about delivering a message to all types of cybercriminals. The third case involving digital assets to be announced by the court in as many days is a father-and-son alleged duo who are accused of stealing almost $10 million in cryptocurrency from about 20 victims. On suspicion of operating fraudulent bitcoin investment schemes between 2018 and 2021 is Eugene Austin, 60, of Port Jefferson, New York. In April of this year, his son Brandon, 27, of Coram, New York, filed a guilty plea, which was made public by the US Department read more Crypto crackdown continues in New York with third fraud case announced. Stay info...

Evasive Meduza Stealer Targets 19 Password Managers and 76 Crypto Wallets

Cybersecurity researchers have found a new Windows-based information thief dubbed Meduza Stealer that is actively being updated by its author to resist detection by software solutions, which is yet another indication of a lucrative crimeware-as-a-service (CaaS) ecosystem. In a recent report, Uptycs stated that "The Meduza Stealer has a singular objective: comprehensive data theft." It steals browsing activity from users and extracts a variety of browser-related data. No digital artefact is safe, from crucial login information to the priceless record of surfing history and beautifully curated bookmarks. Even password managers, 2FA extensions, and crypto wallet extensions are susceptible read more Evasive Meduza Stealer Targets 19 Password Managers and 76 Crypto Wallets. Stay one ...