cryptocurrency news Archives

18Sep

By RBNo Comments

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TikTok flooded by ‘Elon Musk’ cryptocurrency giveaway scams

The video-sharing app TikTok is inundated with a wave of fraudulent cryptocurrency giveaways, with almost all of the films professing to be themes based on Elon Musk, Tesla, or SpaceX. On social media sites like Twitter and Instagram, threat actors have been producing bogus cryptocurrency giveaways for years. These con games pose as celebrity freebies, bitcoin trades, or—more frequently—as Elon Musk or SpaceX impersonations. The con artists create a large number of websites that look like cryptocurrency exchanges or offer free cryptocurrency in exchange for user registrations. But as to be expected, these frauds just steal any cryptocurrency that consumers deposit read more TikTok flooded by Elon Musk cryptocurrency giveaway scams. Stay informed with the best cybersecurity news a...

Hackers steal $53 million worth of cryptocurrency from CoinEx

14Sep

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Hackers steal $53 million worth of cryptocurrency from CoinEx

A substantial quantity of digital assets that were used to fund the platform's operations were stolen from vast amounts of hot wallets at the major cryptocurrency exchange CoinEX, according to an announcement. The issue happened on September 12 and preliminary investigation findings indicate that cryptocurrencies from Tron, Polygon, and Ethereum were used in the illicit transactions. Since the inquiry has not yet determined the full extent of the losses, CoinEx has not disclosed any information regarding the financial effect sustained. According to a report by the blockchain security company PeckShield, CoinEx lost over $19 million in ETH, $11 million in TRON, $6.4 million in Smart Chain Coin ($BSC), $6 million in Bitcoin (BTC), and roughly $295,000 in (MATIC) as a result of the ...

Google Looker Studio abused in cryptocurrency phishing attacks

8Sep

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Google Looker Studio abused in cryptocurrency phishing attacks

Cybercriminals are utilizing Google Looker Studio to develop fake cryptocurrency phishing websites that prey on owners of digital assets and steal their money. Google's Looker Studio (formerly known as Data Studio) is an online data conversion tool for producing reports with clearly understandable components like charts and graphs out of raw data from spreadsheets and other sources. Researchers from Check Point have found that hackers are using the reputable Google Looker Studio tool to create cryptocurrency phishing pages. Due of Looker Studio's legitimacy and high reputation, fraudsters insert the URLs of these pages in phishing emails to get past email security checks read more Google Looker Studio abused in cryptocurrency phishing attacks. Stay informed with the best cybersec...

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...

Crypto crackdown continues in New York with third fraud case announced

14Jul

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News

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...

Solana heist suspect to stand trial in New York

13Jul

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Solana heist suspect to stand trial in New York

A person accused of Bitcoin fraud has been indicted twice in as many days by New York authorities. In this instance, the defendant was first engaged as a security guard to prevent the precise crime he is now accused of committing. Shakeeb Ahmed, a senior cybersecurity engineer from New York, worked for an unnamed Bitcoin exchange. However, the US Department of Justice (DoJ) asserts that Ahmed stole $9 million in virtual currency from the Solana blockchain instead of using his expertise to protect his business from cryptocurrency thefts. The discussion Ahmed, who is accused of bilking, traded a range of cryptocurrency denominations and had foreign incorporation read more Solana heist suspect to stand trial in New York.

Twitter Hacker Sentenced to Prison for $120,000 Crypto Scam

26Jun

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Twitter Hacker Sentenced to Prison for $120,000 Crypto Scam

A British national who participated in the significant Twitter hack in July 2020 was given a five-year prison term in the United States. Shortly after entering a guilty plea to the criminal offences, Joseph James O'Connor (aka PlugwalkJoe), 24, was given the term on Friday in the Southern District of New York. His arrest took place in July 2021 in Spain. The infamous Twitter security breach gave the defendant and his accomplices access to Twitter's backend tools without authorization, which they exploited to take control of 130 well-known accounts and run a cryptocurrency fraud that brought in around $120,000 in unlawful gains read more Twitter Hacker Sentenced to Prison for $120,000 Crypto Scam. Stay one step ahead of cyber threats with ReconBee.com. Explore our comprehensive co...

Ransomware Hackers and Scammers Utilizing Cloud Mining to Launder Cryptocurrency

16Jun

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Ransomware Hackers and Scammers Utilizing Cloud Mining to Launder Cryptocurrency

According to new research, nation-state actors have joined ransomware perpetrators and cryptocurrency scammers in misusing cloud mining services to launder digital assets. Blockchain analytics company Chainalysis stated in a research published with The Hacker News that "Cryptocurrency mining is a crucial part of our industry, but it also holds special appeal to bad actors, as it provides a means to acquire money with a totally clean on-chain original source." Google Mandiant revealed earlier this month that APT43, based in North Korea, uses cloud mining and hash rental services to hide the forensic trace read more Ransomware Hackers and Scammers Utilizing Cloud Mining to Launder Cryptocurrency. Stay one step ahead of cyber threats with ReconBee.com. Explore our comprehensive cove...

North Korean hackers stole $721m worth of crypto from Japan

16May

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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...

FBI and Ukraine police shut down suspected crypto laundering sites

3May

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FBI and Ukraine police shut down suspected crypto laundering sites

Nine cryptocurrency exchanges that the Federal Bureau of Investigation (FBI) and Ukrainian authorities think were aiding in the facilitation of cybercrime have been closed down. The National Police of Ukraine's cybercrime division assisted the FBI's Detroit office in taking down the nine websites. The websites are thought to have been used by internet fraudsters and ransomware gang members to clean their stolen money. The US Department of Justice (DoJ) announced the action by stating: "Domain names offered by organizations which were engaged in cryptocurrency conversions and provided assistance to cybercriminals were seized read more FBI and Ukraine police shut down suspected crypto laundering sites. With ReconBee.com Stay ahead of the latest threats with in-depth coverage of cyb...