Tag: crypto news

Millions stolen from crypto platforms Exactly Protocol and Harbor Protocol
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Millions stolen from crypto platforms Exactly Protocol and Harbor Protocol

Over the past several days, two cryptocurrency platforms have experienced thefts amounting to millions of dollars' worth of cryptocurrency, forcing both to suspend operations and alert clients to possible losses. Exactly Protocol, a decentralized financial platform, acknowledged on Friday that it was "actively investigating a security issue" and has temporarily suspended the protocol, limiting user activity to asset withdrawals. Exactly Protocol, which said on August 4 that it has received deposits totaling more than $100 million, let users to lend and borrow cryptocurrency assets at fixed and variable rates. According to a number of news sources and industry professionals, the platform lost more than $12 million as a result of the theft read more Millions stolen from crypto plat...
New NodeStealer Variant Targeting Facebook Business Accounts and Crypto Wallets
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New NodeStealer Variant Targeting Facebook Business Accounts and Crypto Wallets

The stealer virus NodeStealer has a Python edition that can completely take over Facebook business accounts and syphon cryptocurrency, according to cybersecurity specialists. As part of a campaign that started in December 2022, Palo Alto Network Unit 42 claimed to have discovered the previously unidentified strain. There is no proof that the cyberattack is still going on right now. NodeStealer was initially identified by Meta in May 2023, who described it as a stealer that could breach Facebook, Gmail, and Outlook accounts by gathering cookies and passwords from web browsers. The most recent samples were developed in Python as opposed to the earlier ones, which were written in JavaScript read more New NodeStealer Variant Targeting Facebook Business Accounts and Crypto Wallets. St...
Crypto payments platform CoinsPaid loses $37M, points finger at Lazarus Group
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Crypto payments platform CoinsPaid loses $37M, points finger at Lazarus Group

A cyberattack on the European cryptocurrency payment network CoinsPaid resulted in the loss of $37.3 million. The Estonian company boasts a "record low" reward for the cybercriminals even though it accuses the Lazarus Group in North Korea as being the guilty party. Previous crypto heists by Lazarus Group cost hundreds of millions of dollars or more in losses. For instance, they have stolen $625 million worth of cryptocurrencies from the Ronin exchange, $721 million worth of bitcoin assets from Japan since 2017, and most recently $64 million in connection with the Harmony blockchain attack. The 37.3 million USD are insignificant compared to the Estonian crypto company. According to CoinsPaid's news statement, "In response to the attack, the company's dedicated team of experts has wor...
SCARLETEEL Cryptojacking Campaign Exploiting AWS Fargate in Ongoing Campaign
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SCARLETEEL Cryptojacking Campaign Exploiting AWS Fargate in Ongoing Campaign

An continuing sophisticated attack effort known as SCARLETEEL continues to target cloud settings, with threat actors currently focusing on Amazon Web Services (AWS) Fargate. According to a new report from Sysdig security researcher Alessandro Brucato, "Cloud environments are still their primary target, but the tools and techniques used have adapted to bypass new security measures, along with a more resilient and stealthy command and control architecture." The cybersecurity firm originally revealed SCARLETEEL in February 2023, describing a complex attack chain that resulted in the theft of confidential information from AWS infrastructure read more SCARLETEEL Cryptojacking Campaign Exploiting AWS Fargate in Ongoing Campaign. Stay informed with the best cybersecurity news and raise ...
CryptosLabs Scam Ring Targets French-Speaking Investors, Rakes in €480 Million
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CryptosLabs Scam Ring Targets French-Speaking Investors, Rakes in €480 Million

Since April 2018, users of French-speaking people in France, Belgium, and Luxembourg have been the target of a fraud network known as CryptosLabs. Cybersecurity experts have revealed the operation of this scam network, which is thought to have made unlawful gains of €480 million. Group-IB said in a deep-dive investigation that the syndicate's enormous phoney investment schemes largely comprise posing as 40 reputable banks, fin-techs, asset management companies, and crypto platforms while establishing a scam infrastructure spanning over 350 domains hosted on more than 80 servers. According to the Singapore-based business, the criminal organization read more CryptosLabs Scam Ring Targets French-Speaking Investors Rakes in €480 Million. Stay one step ahead of cyber threats with Reco...
Crypto malware ring targeting Canada busted in Ukraine
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Crypto malware ring targeting Canada busted in Ukraine

According to Ukrainian authorities, the thieves ran their operations out of a rented office and required polygraph tests on all new hires. In the western Ukrainian region of Khmelnytskyi, authorities uncovered a sophisticated organization that was targeting citizens of Western nations, namely Canadians. The operation comprised thieves giving unwitting victims the opportunity to engage in stock trading with the ultimate purpose of deploying malware, according to the nation's Cyber Police. Two locals started the business, outfitting a rented office with the appropriate tools and hiring workers to carry out the plan read more Crypto malware ring targeting Canada busted in Ukraine. Stay one step ahead of cyber threats with ReconBee.com. Explore our comprehensive coverage of recent...
Cyber Criminals Are Using Mining Pools to Launder Crypto
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Cyber Criminals Are Using Mining Pools to Launder Crypto

According to Chainanlysis, cybercriminals are increasingly sending their stolen money to crypto mining pools to conceal where it came from. The blockchain analysis company claimed that these malevolent actors use mining pools, which allow groups of miners to pool their processing capabilities, as a de facto mixer. Remember that you cannot track cryptocurrency through services, including mining pools, so in this scenario the mining pool functions similarly to a mixer in that it obscures the source of funds and gives the impression that the money is coming read more Cyber Criminals Are Using Mining Pools to Launder Crypto. Stay one step ahead of cyber threats with ReconBee.com. Explore our comprehensive coverage of recent cyber attacks, cybersecurity awareness, and the latest cyber...
Crypto Prime Broker FPG Loses Up to $20M in Cyber Attack
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Crypto Prime Broker FPG Loses Up to $20M in Cyber Attack

An institutional trading desk that specialises in cryptocurrencies called Floating Point Group (FPG) had a cyberattack on Sunday, June 11, which cost them between $15 million and $20 million in cryptocurrency, a company spokeswoman informed CoinDesk. In the crypto industry, hacks and breaches are quite frequent incidents that can affect virtually any company. However, FPG had taken precautions to make sure it was secure. In December of last year, the company hired independent auditors for a series of cybersecurity audits and penetration tests, which were successful in earning the company a SOC 2 certification. FPG secured all wallets and closed all third-party accounts after learning about the security flaw read more Crypto Prime Broker FPG Loses Up to $20M in Cyber Attack. Stay ...
Two Russian Nationals Charged for Masterminding Mt. Gox Crypto Exchange Hack
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Two Russian Nationals Charged for Masterminding Mt. Gox Crypto Exchange Hack

Two Russian nationals have been accused by the U.S. Department of Justice (DoJ) of planning the 2014 digital theft of the now-defunct cryptocurrency exchange Mt. Gox. Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, have been charged with conspiring to launder about 647,000 bitcoins that were stolen from September 2011 through at least May 2014 as a result of unauthorized access to a server containing crypto wallets used by Mt. Gox customers, according to unsealed indictments published last week. Assistant Attorney General Kenneth A. Polite, Jr. claimed in a statement that Bilyuchenko and Verner stole a significant amount of cryptocurrency from Mt. Gox beginning in 2011 and contributed to the exchange's ultimate insolvency read more Two Russian Nationals Charged for Masterminding M...
North Korean hackers stole $721m worth of crypto from Japan
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North Korean hackers stole $721m worth of crypto from Japan

According to a study by UK blockchain analysis company Elliptic, North Korean hackers have stolen $721 million worth of cryptocurrency assets from Japan since 2017, according to the Nikkei business daily. The Democratic People's Republic of Korea (DPRK), which is a secretive state, is linked to hackers who are responsible for over 30% of all cryptocurrency thefts worldwide. The report comes after the central bank governors and finance ministers of the Group of Seven said in a statement on Saturday that they supported efforts to tackle growing dangers from state actors' illicit activities, such as the theft of crypto-assets read more North Korean hackers stole $721m worth of crypto from Japan. With ReconBee.com Stay ahead of the latest threats with in-depth coverage of cyber attac...