Crypto Exchange
OKX suspends DEX aggregator after Lazarus hackers try to launder funds
OKX Web3 has decided to suspend its DEX aggregator services to implement security upgrades following reports of abuse by the notorious North Korean Lazarus hackers, who recently conducted a $1.5 billion crypto heist. OKX is a leading global cryptocurrency exchange that offers a wide range of trading options, including spot and derivatives trading and decentralized […]
Garantex crypto exchange admin arrested while on vacation
Indian authorities arrested Aleksej Besciokov, the co-founder and one of the administrators of the Russian Garantex crypto-exchange while vacationing with his family in Varkala, India. As infosec journalist Brian Krebs first reported on Tuesday, the 46-year-old Lithuanian national and Russian resident was apprehended on Tuesday afternoon by Kerala state police officers under the country’s extradition law. Besciokov (aka “proforg” and […]
US charges Garantex admins with money laundering, sanctions violations
The administrators of the Russian Garantex crypto-exchange have been charged in the United States with facilitating money laundering for criminal organizations and violating sanctions. 46-year-old Lithuanian national and Russian resident Aleksej Besciokov and 40-year-old Russian national and United Arab Emirates resident Aleksandr Mira Serda—who controlled Garantex between 2019 and 2025—are charged with money laundering conspiracy […]
US seizes domain of Garantex crypto exchange used by ransomware gangs
The U.S. Secret Service has seized the domain of the sanctioned Russian cryptocurrency exchange Garantex in collaboration with the Department of Justice’s Criminal Division, the FBI, and Europol. Other law enforcement authorities involved in this action include the Dutch National Police, the German Federal Criminal Police Office, the Frankfurt General Prosecutor’s Office, the Estonian National […]
North Korean hackers linked to $1.5 billion ByBit crypto heist
Over the weekend, blockchain security companies and experts have linked North Korea’s Lazarus hacking group to the theft of over $1.5 billion from cryptocurrency exchange Bybit. In what is now considered the largest crypto heist in history, the attackers intercepted a planned transfer of funds from one of Bybit’s cold wallets into a hot wallet, […]
Hacker steals record $1.46 billion from Bybit ETH cold wallet
Cryptocurrency exchange Bybit revealed today that an unknown attacker stole over $1.46 billion worth of cryptocurrency from one of its ETH cold wallets. “The incident occurred when our ETH multisig cold wallet executed a transfer to our warm wallet. Unfortunately, this transaction was manipulated through a sophisticated attack that masked the signing interface, displaying the […]
KuCoin to pay nearly $300 million in penalties after guilty plea
KuCoin’s operator, PEKEN Global Limited, pleaded guilty to operating an unlicensed money-transmitting business and agreed to pay $297 million in penalties to settle charges in the U.S. The cryptocurrency exchange was charged in March 2024 for its failure to implement the required anti-money laundering (AML) requirements, allowing cybercriminals to use the platform to launder their proceeds. According […]
Hackers steal $85 million worth of cryptocurrency from Phemex
The Phemex crypto exchange suffered a massive security breach on Thursday where threat actors stole over $85 million worth of cryptocurrency. Following the Thursday cyberattack, the cryptocurrency exchange immediately suspended deposits and withdrawals and published proof of reserves for transparency. According to Phemex’s CEO, Federico Variola, the incident only impacted hot wallets while cold wallets […]
FBI links North Korean hackers to $308 million crypto heist
The North Korean hacker group ‘TraderTraitor’ stole $308 million worth of cryptocurrency in the attack on the Japanese exchange DMM Bitcoin in May. In a short post, the FBI attributed the attack to the state-affiliated threat actor TraderTraitor, also tracked as Jade Sleet, UNC4899, and Slow Pisces. The crypto heist occurred in May 2024 and forced the platform to restrict account registration, […]
Bitfinex hacker gets 5 years in prison for 120,000 bitcoin heist
A hacker responsible for stealing 119,754 Bitcoin in a 2016 hack on the Bitfinex cryptocurrency exchange was sentenced to five years in prison by U.S. authorities. The man, Ilya Lichtenstein, was arrested in February 2022 in Manhattan following a lengthy investigation led by the IRS, HSI, and the FBI, which managed to recover roughly 80% of the […]