Crypto Exchange
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 […]
Russia arrests US-sanctioned Cryptex founder, 95 other linked suspects
Russian law enforcement detained almost 100 suspects linked to the Cryptex cryptocurrency exchange, the UAPS anonymous payment service, and 33 other online services and platforms used to make illegal payments and sell stolen credentials. Following 148 raids, 96 individuals were arrested and charged with organizing and participating in a criminal organization, unlawful access to computer […]
Suspects behind $230 million cryptocurrency theft arrested in Miami
Two suspects were arrested in Miami this week and charged with conspiracy to steal and launder over $230 million in cryptocurrency using crypto exchanges and mixing services. The two defendants, 20-year-old Malone Lam (aka “Greavys,” “Anne Hathaway,” and “$$$”) and 21-year-old Jeandiel Serrano (aka “Box,” “VersaceGod,” and “@SkidStar”) were arrested Wednesday night by FBI agents and appeared […]
FBI warns of scammers posing as crypto exchange employees
The Federal Bureau of Investigation (FBI) warns of scammers posing as employees of cryptocurrency exchanges to steal funds from unsuspecting victims. While the FBI didn’t share what prompted today’s public service announcement, it was likely motivated by a surge of reports of fraudsters using this tactic to access victims’ accounts and siphon off their digital […]
Crypto exchange Gemini discloses third-party data breach
Cryptocurrency exchange Gemini is warning it suffered a data breach incident caused by a cyberattack at its Automated Clearing House (ACH) service provider, whose name was not disclosed. The American crypto exchange began sending notices to impacted individuals a month ago, on June 26, 2024 but submitted a sample of the letters yesterday to the Attorney General’s […]