CryptoCurrency
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 […]
Solana Pump.fun tool DogWifTool compromised to drain wallets
Hackers have compromised the Windows version of the DogWifTools software for promoting meme coins on the Solana blockchain in a supply-chain attack that drained users’ wallets. The developers claim that a malicious threat actor compromised the project’s private GitHub repository after reverse engineering the software to extract a GitHub token. The maintainers of the platform said […]
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 […]
US govt says North Korea stole over $659 million in crypto last year
North Korean state-backed hacking groups have stolen over $659 million worth of cryptocurrency in multiple crypto-heists, according to a joint statement issued by the United States, South Korea, and Japan on Tuesday. The announcement also warns that threat groups linked to the Democratic People’s Republic of Korea (DPRK) are still actively targeting blockchain technology industry […]
Pastor who saw crypto project in his “dream” indicted for fraud
A pastor at a Pasco, Washington, church has been indicted on 26 counts of fraud for allegedly operating a cryptocurrency scam that defrauded investors of millions between 2021 and 2023. The US Department of Justice says the pastor, Francier Obando Pinillo, 51, used his position to recruit investors into a fraudulent cryptocurrency venture called “Solano Fi,” which […]
New Web3 attack exploits transaction simulations to steal crypto
Threat actors are employing a new tactic called “transaction simulation spoofing” to steal crypto, with one attack successfully stealing 143.45 Ethereum, worth approximately $460,000. The attack, spotted by ScamSniffer, highlights a flaw in transaction simulation mechanisms used in modern Web3 wallets, meant to safeguard users from fraudulent and malicious transactions. How the attack works Transaction simulation […]
Cryptocurrency wallet drainers stole $494 million in 2024
Scammers stole $494 million worth of cryptocurrency in wallet drainer attacks last year that targeted more than 300,000 wallet addresses. This marks a 67% increase over 2023 figures although the number of victims only rose by 3.7%, indicating that victims held more significant amounts on average. The data comes from web3 anti-scam platform ‘Scam Sniffer,’ […]
New ‘OtterCookie’ malware used to backdoor devs in fake job offers
North Korean threat actors are using new malware called OtterCookie in the Contagious Interview campaign that is targeting software developers. Contagious Interview has been active since at least December 2022, according to researchers at cybersecurity company Palo Alto Networks. The campaign targets software developers with fake job offers to deliver malware such as BeaverTail and InvisibleFerret. […]
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, […]
North Korean hackers stole $1.3 billion worth of crypto this year
North Korean hackers have stolen $1.34 billion worth of cryptocurrency across 47 cyberattacks that occurred in 2024, according to a new report by blockchain analysis company Chainalysis. This amount represents 61% of the total stolen funds for the year, marking a year-over-year increase of 21%. Although the total number of incidents in 2024 reached a […]