News with the tag "cybercriminal"

The United States, Japan, and South Korea have joined together to warn the industry about the ongoing hacking threats by North Korean actors after observing “aggressive” targeting of the crypto industry. US, Japan, South Korea Send Warning In a joint statement , the US, Japanese, and South Korean go...

A user recently fell victim to a transaction simulation spoofing scam, losing 143.45 ETH , equivalent to $460,895. This sophisticated exploit takes advantage of a key feature in modern Web3 wallets designed to improve user transparency: transaction simulation. This feature lets users preview the exp...

According to cybersecurity firm Hacken, financial losses from crypto hacks topped $440 million in the third quarter of 2024.

Cybercriminals Use AI-Powered Deepfake Tool to Bypass KYC Systems on Crypto Exchanges In a concerning development within the cryptocurrency and cybersecurity sectors, cybercriminals are employing a sophisticated AI-powered deepfake tool named ProKYC to bypass Know Your Customer (KYC) measures on maj...

The Federal Bureau of Investigation (FBI) has issued a warning to cryptocurrency investors, highlighting a surge in scams, particularly targeting retirees and the elderly. FBI experts explain how scammers trick victims into fake crypto investments and scare them into handing over more funds before v...

A 21-year-old from Indiana has pleaded guilty to cyber intrusion and cryptocurrency theft in a massive scheme targeting hundreds of victims. His actions involved stealing personal data and cryptocurrency worth over $37 million, with law enforcement crediting significant investigative efforts for his...

A crypto investigation recently deep-dived into one of the industry’s largest problems, revealing its extent might be larger than suspected. The report exposed how North Korean hackers have targeted and infiltrated the sector, presenting many legal and cybersecurity risks for companies and investors...

An app on Google Play was discovered stealing cryptocurrency from users, employing advanced social engineering and trusted protocols. Check Point Research exposed the app after it had siphoned $70,000, deceiving over 150 victims. The attackers used the Walletconnect protocol to appear legitimate, ma...

A Nigerian national has been sentenced to five years in federal prison for his role in a massive darknet fraud scheme that intended to cause over $6 million in losses, according to the U.S. Department of Justice (DOJ). Using various online aliases, Kaura led a global network selling stolen payment c...

According to a report by Immunefi, crypto hackers have stolen over $1.2 billion in digital assets from January to August 2024, marking a 15.5% increase compared to the same period in 2023. Seesawing Trend In 2024 For Crypto Hacks As the crypto industry matures, malicious actors within the ecosystem ...