cryptocurrencies Archives

Eurojust Arrests 5 in €100M Cryptocurrency Investment Fraud Spanning 23 Countries

24Sep

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Eurojust Arrests 5 in €100M Cryptocurrency Investment Fraud Spanning 23 Countries

Five suspects have been taken into custody by European law enforcement in relation to a "elaborate" internet investment fraud operation that defrauded more than 100 victims in France, Germany, Italy, and Spain out of more than €100 million ($118 million). Eurojust reports that five locations in Spain, Portugal, Italy, Romania, and Bulgaria were searched as part of the coordinated operation. Financial assets linked to the cybercrime group, including bank accounts, were blocked. The operation's primary offender has been charged with widespread fraud and money laundering after operating an online investment platform for a number of years and defrauding gullible people out of their money by promising them big returns on investments in different cryptocurrencies. Following the deposit...

Hacker arrested for breaching 5,000 hosting accounts to mine crypto

5Jun

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Hacker arrested for breaching 5,000 hosting accounts to mine crypto

A 35-year-old hacker was detained by Ukrainian authorities after he compromised 5,000 accounts at a global hosting company and mined cryptocurrencies using them, causing $4.5 million in losses. According to the police release, the suspect unlawfully obtained access to more than 5,000 accounts that belonged to customers of a global hosting company that rents servers for the operation of different websites and online platforms. Once the offender had access to these accounts, they started exploiting the company's server resources to deploy virtual machines—software that simulates how a computer would operate—without authorization. The anticipated damages were $4,500,000 since the threat actor used the accounts to mine cryptocurrencies on the servers of the hosting provider. Accor...

Illicit HuiOne Telegram Market Surpasses Hydra Hits $24 Billion in Crypto Transactions

15Jan

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Illicit HuiOne Telegram Market Surpasses Hydra Hits $24 Billion in Crypto Transactions

With a total of at least $24 billion in cryptocurrencies collected by its vendors, the Telegram-based online marketplace HuiOne Guarantee has surpassed the now-defunct Hydra to become the biggest illicit marketplace ever to operate. According to data published by Elliptic, a blockchain analytics company, monthly inflows have risen by 51% since July 2024. The HuiOne Group of companies, including Huione Guarantee, gained notoriety in the middle of last year after it was revealed to be a haven for online scammers, promoting money laundering services, stolen data, and even electrified shackles designed to be used against individuals who are trafficked into scam compounds under the guise of high-paying jobs to carry out romance baiting scams read more about Illicit HuiOne Telegram Market...

Crypto Scam App Disguised as WalletConnect Steals $70K in Five-Month Campaign

30Sep

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Crypto Scam App Disguised as WalletConnect Steals $70K in Five-Month Campaign

Researchers studying cybersecurity have found a malicious Android app on the Google Play Store that allowed its creators to steal around $70,000 in cryptocurrencies from victims over the course of almost five months. The suspicious application, detected by Check Point, tricked gullible users into downloading it by posing as the official WalletConnect open-source protocol. The cybersecurity group said in an investigation that the software received over 10,000 downloads thanks to fake reviews and consistent branding and that it was the first bitcoin drainer to target only mobile device users. It is anticipated that the scheme has duped more than 150 users, while it is thought that not every user who downloaded the software was affected by the cryptocurrency drainer read more about ...

New Linux Malware Campaign Exploits Oracle Weblogic to Mine Cryptocurrency

13Sep

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New Linux Malware Campaign Exploits Oracle Weblogic to Mine Cryptocurrency

Researchers studying cybersecurity have discovered a new malware operation that targets Linux installations in an attempt to spread botnet malware and mine cryptocurrencies illegally. The purpose of the operation, according to cloud security company Aqua, is to distribute a malware strain known as Hadooken. It targets the Oracle Weblogic server particularly. Security researcher Assaf Moran stated, "Hadooken drops a Tsunami malware and deploys a crypto miner when it is executed." The attack chains take use of well-known security flaws and setup errors, such weak passwords, to get a footing and run arbitrary code on vulnerable systems read more about New Linux Malware Campaign Exploits Oracle Weblogic to Mine Cryptocurrency. Get up to date on the latest cybersecurity news and en...

Ongoing Cyberattack Targets Exposed Selenium Grid Services for Crypto Mining

26Jul

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Ongoing Cyberattack Targets Exposed Selenium Grid Services for Crypto Mining

Researchers studying cybersecurity are warning about a campaign that uses publicly accessible Selenium Grid services on the internet to mine cryptocurrencies illegally. cloud safety SeleniumGreed is the moniker under which Wiz is monitoring the activity. The campaign is thought to have started at least in April 2023 and is directed towards older versions of Selenium (3.141.59 and before). The majority of users are unaware that the Selenium WebDriver API allows complete machine interaction, such as file reading and downloading as well as remote command execution, according to Wiz researchers Avigayil Mechtinger, Gili Tikochinski, and Dor Laska. This service does not have authentication enabled by default. This implies that a large number of instances that are available to the publ...

FBI warns of fake remote work ads used for cryptocurrency fraud

5Jun

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FBI warns of fake remote work ads used for cryptocurrency fraud

The FBI released a warning today on con artists who pose as recruiters for reputable companies and use fictitious remote job ads to steal cryptocurrencies from job seekers around the country. These work-from-home scams aim to entice victims by offering simple chores like "optimizing" a service or reviewing other businesses on the internet. The FBI issued a warning about the scammers, who pose as reputable companies like staffing or recruiting agencies and may approach victims via unwanted call or message. The fraudulent job is designed with an ambiguous reward system, and the fraudster receives all payments made by victims who want to 'unlock' work or earn additional money through cryptocurrencies read more about FBI warns of fake remote work ads used for cryptocurrency fraud. ...

North Korea’s Lazarus Group Suspected in $31 Million CoinEx Heist

18Sep

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North Korea’s Lazarus Group Suspected in $31 Million CoinEx Heist

Since June 2023, the Lazarus Group, which has ties to North Korea, has stolen approximately $240 million in cryptocurrencies, a huge increase in its hacking activity. The famed hacker squad is allegedly suspected of stealing $31 million in digital assets from the CoinEx exchange on September 12, 2023, according to numerous reports from Certik, Elliptic, and ZachXBT. The crypto robbery intended for CoinEx is the latest in a succession of recent attacks that also cost $100 million for Atomic Wallet, $37.3 million for CoinsPaid, $60 million for Alphapo, and 41 million for Stake.com. Some of the CoinEx money that was stolen was sent to an address that the Lazarus gang had previously used to launder money from Stake.com read more North Korea's Lazarus Group Suspected in $31 Million Co...

New NodeStealer Variant Targeting Facebook Business Accounts and Crypto Wallets

2Aug

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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...

FBI Warns of Crypto Stealing Play to Earn Games

13Mar

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FBI Warns of Crypto Stealing Play to Earn Games

Customers have been cautioned not to fall for a brand-new class of fraudulent gaming applications that have already defrauded users out of millions of dollars worth of cryptocurrencies. According to a recent PSA from the FBI's Internet Crime Complaint Center, scammers generally contact victims online before introducing them to the online or mobile game in time (IC3). The game claims to give users bitcoin just for playing. The FBI chose the example of a player raising virtual crops on an animated farm, despite the fact that there are numerous variations of this scam read more FBI Warns of Crypto Stealing Play to Earn Games. Stay informed with the best cybersecurity news and raise your cybersecurity awareness with our comprehensive coverage of the latest threats, breaches, and solu...