News with the tag "Cyber Fraud"

Crypto sleuth ZachXBT has noted an uptick in crypto robberies, precisely, physical robberies where people in the digital currency space are being held and threatened at gunpoint. Armed robbers have started targeting cryptocurrency traders in Western Europe, including some of the top names in the ind...

The US Department of Justice announced it had indicted two Russians for what it said was a multi-million-dollar money Russian crypto laundering ring, an operation that ran billions of dollars through cryptocurrency exchanges. Cryptex and Joker’s Stash facilitated money transfers from users involved ...

A contributor to the Solana-based decentralized exchange Cypher known as Hoak via a public statement, confessed to misappropriating and gambling away funds that were recovered following an exploit of the protocol. Another contributor to Cypher, known as Barrett, discovered that Hoak had withdrawn va...

e-signature startup, Dropbox Sign confirmed there was a massive data breach by hackers who gained access and compromised sensitive customer information. The breach enabled the hackers to gain unauthorized access to a service account that was part of the product’s back-end. What Happened and What Was...

The cloud storage platform, Dropbox confirmed there was a massive data breach by hackers who gained access and compromised sensitive customer information. The breach enabled the hackers to gain unauthorized access to a service account that was part of the product’s back-end. What Happened and What W...

Federal prosecutors have accused the founders of Samourai Wallet, Keonne Rodriguez and William Lonergan Hill of conspiracy to commit money laundering and operating of an unlicensed money transmitting business. According to the Department of Justice, their cryptocurrency mixing service processed over...

China’s Supreme Procuratorate has dragged crypto markets into the limelight again. According to a translated version of the website, the regulator has raised concerns over cryptocurrency’s increased involvement in cybercrimes. The scrutiny comes at a time when China is trying to tighten its grip ove...

BNB Smart Chain (BSC) on Monday said that the contract blockchain saw a steady decrease in financial losses from security breaches in 2023. The Binance-backed blockchain network published a report on Monday stating that the total financial loss dropped to just $97 million in 2023. BSC sees a drop in...