Check out this week’s Bad Crypto podcast. The Bad Crypto Podcast tracks all the latest goings-on in crypto. Here’s what the latest episode covers. Vitalik Buterin says the current crisis is not like the financial crisis of 2008, and the reform of money is not a sufficient use case for Bitcoin. But Ethereum can do…
Read more
Two US-based law firms are the latest victims of the REvil malware group, which is auctioning off their sensitive data. Ransomware group REvil has started another auction on the dark web listing sensitive data stolen from two US-based law firms. The listing appeared June 6 through REvil’s official blog on the darknet, where bidders look…
Read more
The Leicester Crown Court confiscated over $2.29 million from an online drug kingpin who ran a darknet store from the attic of his home. The Leicester Crown Court ordered the seizure of over £1.8 million ($2.29 million) on June 8 from a UK individual who operated a multi-billion crypto drug empire from the attic of…
Read more
Trend Micro reveals dwindling confidence among darknet users in marketplaces due to security concerns. A new study revealed that dark web marketplace users are starting to lose trust due to authorities’ crackdowns and “current volatility” within the landscape, which results in instability for the darknet sites to establish a fixed presence. According to cybersecurity company Trend…
Read more
Ransomware gang Maze reportedly stole sensitive data from the US branch of an integrated engineering group that works with various governments. ST Engineering Aerospace’s US subsidiary suffered a ransomware attack that managed to extract about 1.5TB of sensitive data from the firm and its partners. According to an article published by The Straits Times on…
Read more
Various technologies are being deployed to fight the COVID-19 pandemic, can blockchain play an important role in defeating it? Many financial and human resources are being deployed in the effort to fight the ongoing COVID-19 pandemic. Technologies are also being used in this fight: artificial intelligence for research, 5G to increase information transmission speed and…
Read more
Creators behind Zorab ransomware launched a fake tool that double-encrypts files affected by the attack. As free ransomware decryptor tools begin to enter the market, a wave of fake software that claims to decrypt ransomware-affected files has begun to proliferate. According to a report released by Bleeping Computer on June 5, the creators behind Zorab…
Read more
Experts believe that a more holistic crypto ecosystem, especially one that is more AML-centric, is needed to help prevent the spread of crypto scams in 2020. Per a new report released by digital-asset intelligence firm CipherTrace on June 2, the value of ill-gotten funds siphoned through cryptocurrency crimes over the first five months of the…
Read more
A report from Crypsis Group revealed that threat actors have significantly escalated their tactical approaches in ransomware attacks. A study revealed by digital forensics firm, Crypsis Group, shows an actively growing trend in the ransoms demanded by ransomware attackers. Amounts sharply rose 200% from 2018 to 2019. According to the 2020 Incident Response and Data…
Read more
The Gibraltar Financial Services Commission has warned the public about four crypto sites that are not regulated by the country. On June 5 the Gibraltar Financial Services Commission, or GFSC, published four public warnings against cryptocurrency websites that claim to have an alleged license to operate in the territory. According to the authorities, www.askcurrency.org, www.findcurrency.org,…
Read more
