Category: Cybercrime

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Two Attacks on ETC Network Leave Community Needing a Solution, Fast

Multiple Ethereum Classic blockchain attacks leave significant discussions on what actually happened. Ethereum Classic, a 2016 hard fork from Ethereum’s main blockchain, has suffered multiple concerning network attacks over the last two years. Two such attacks occurred within a seven-day span, totaling millions of dollars in losses. With the dust settling from the two 51%…
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California’s Attorney General Warns People to Be Wary of Crypto Scams

California authorities recently came out with a fresh cautionary statement on crypto crime. Xavier Becerra, California’s attorney general, recently told the public to watch out for possible crooked dealings surrounding crypto and digital assets.   While broadly referencing other hacks, an Aug. 7 statement from the California Department of Justice said: “Recently, unscrupulous actors have impersonated…
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Much of Russia’s Blockchain Voter Data Is Now for Sale on the Dark Web

Many Russian citizens now face exploitation on the dark web after their Blockchain voting data was accidentally leaked in early July. Passport data from 1.14 million Russians is now available for sale on underground shops via the dark web. This data was stolen from citizens who voted in the country’s recent constitutional reform referendum, which…
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Twitter Has Been Trying to Hire Senior Security Engineers for Two Months

In the months leading up to the most devastating hack in the company’s history, Twitter was trying to hire cybersecurity pros. If the company’s jobs site is any indication, Twitter has been openly hiring for security positions in the months leading up to this week’s notorious hack. According to the company’s job search, Twitter posted…
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Twitter Hack Autopsy: Coinbase, Binance, BitGo May Know Hackers ID

The Twitter hackers left inconspicuous Bitcoin trails leading to and from major exchanges that should be able to uncover their identities. The hackers who conducted the massive Twitter hijacking on July 15 do not appear to be sophisticated Bitcoin (BTC) users, as they left trails leading to and from major exchanges that presumably hold the…
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Police Thwart Dark Web Criminals Who Planned to Firebomb a Nebraskan Pharmacy

William Burgamy and Hyrum Wilson pleaded guilty to conspiring to firebomb a pharmacy in Nebraska. A dark web drug lord and a Nebraskan pharmacist pled guilty to federal charges on July 13 after both were accused of conspiring to bomb a competing business. According to the indictment by the U.S. Department of Justice, 32-year-old William…
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Nigerian Scammers Used BTC & Gemini Exchange to Siphon Millions

Nigerian scammers converted millions of dollars into Bitcoin via Gemini exchange according to an FBI criminal complaint. The two Nigerians jetsetters who filled their Instagram accounts with pictures of their ostentatious wealth were extradited from Dubai to the United States. According to the FBI, they were able to convert millions of dollars into Bitcoin (BTC)…
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Hacker stole 336 BTC from Crypto exchange Cashaa

Cryptocurrency exchange Cashaa said hackers took 336 bitcoin from one of its wallets. The company has stopped all crypto-related transactions. U.K. based cryptocurrency exchange Cashaa reported hackers took more than 336 Bitcoin. The company has stopped all the crypto-related transactions, however, prima facia users are not affected by this hack.  In a media brief shared…
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The Five Most Malicious Ransomwares Demanding Crypto to Watch Out For

As tech advances, so too, do the malware attacks. Amid a pandemic, ransomwares are turning to privacy-centric coins to get away with crime. As interconnectivity turns the world into a global village, cyberattacks are expectedly on the rise. According to reports, the tail end of last year saw a spike in the average amount of…
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Binance Security Report Sheds Light On Crypto Scams

A report released by crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility. A report released by major crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility. In the report published on June 30, the exchange explained that its Binance Sentry risk investigation service observed reports of…
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