The government in Seoul intends to submit new legislation tailored to facilitate the tracking and freezing of crypto used to fund the weapons programs of North Korea. A bill has been drafted after extended consultations between ministries with the aim to make South Korean sanctions more effective and improve the country’s cybersecurity.
South Korean Government…
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Hackers working for North Korea have continued to attack companies in the crypto space this year, according to independent sanctions monitors. Their findings, which reveal that Pyongyang proceeds with the development of its nuclear and weapons programs, will be included in a U.N. report which is to be released in the coming weeks. North Korea…
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A vulnerability in the popular decentralized finance (DeFi) protocol Curve Finance has caused funds to be drained from a number of the protocol’s liquidity pools, while roughly $100 million remains at risk. In a tweet from Sunday, the Curve team said that “a number” of its pools that uses version 0.2.15 of the Vyper programming…
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The decentralized finance (DeFi) protocol Conic Finance has lost more than $3.2 million worth of Ether (ETH) in two separate hacking incidents in recent days. The first attack, which happened on Friday last week, was described by the Conic Finance team as a “re-entrancy attack” that exploited a vulnerability in Curve V2 pools, earning the…
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Bitcoin (BTC) is falling out of favour among crypto criminals, and accounted for just 19% of crypto crimes in 2022, a new report has found. In the report, blockchain intelligence firm TRM Labs said that cybercriminals are increasingly diversifying which blockchains they rely on to conduct their activities, with chains such as Ethereum, Tron, and…
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Decentralized finance (DeFi) protocol Sturdy Finance has been exploited, but the team has promised that no further action will be taken against the hackers if the money is returned. Writing on Twitter on Tuesday, Sturdy Finance founder Sam Forman said his team has told the exploiter that they are offering a $100,000 bounty if all…
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In a statement issued on Friday, the U.S. Department of Justice (DOJ) revealed that two Russian individuals have been accused of infiltrating a cryptocurrency exchange and running an unlawful exchange. Reportedly, the pair gained unauthorized access to Mt Gox’s servers from 2011 to 2014 and purportedly pilfered 647,000 bitcoins from the now-dissolved exchange. Russian Duo…
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The U.S. Department of Justice (DOJ) has indicted a Russian man for his alleged participation in several ransomware schemes. According to a press release from the Justice Department, the individual, identified as Russian national Mikhail Pavlovich Matveev, has carried out cyberattacks on victims across the United States, including on law enforcement agencies and companies in…
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On April 14, 2023, the Department of Justice (DOJ) for the Southern District of New York revealed that the hacker responsible for the Silk Road marketplace breach had been sentenced to a year in prison for wire fraud charges. James Zhong stole more than 50,000 bitcoin from the darknet marketplace (DNM) in September 2012. DOJ…
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