cybercrime
Binance denies data breach after alleged ShinyHunters claims
Binance, the world’s largest crypto exchange, has denied claims of a new security breach made by a threat actor using the ‘ShinyHunters’ handle on a newly emerged underground cybercrime forum. This follows the threat actor, believed to impersonate the ShinyHunters extortion gang, putting up for sale what they claimed were records of 335 million Binance […]
US bans MEXC crypto exchange over sanctions evasion, cybercrime links
The US Department of the Treasury has cut off the MEXC Global crypto exchange from the US financial system over sanctions evasion and links with cybercrime gangs. Founded in 2018, the Seychelles-based MEXC is one of the world’s largest crypto exchanges, giving more than 40 million users from more than 170 countries access to 3,000 […]
Ukraine dismantles crypto scam network that stole €4.3 million
Ukrainian law enforcement arrested four suspects in a case involving the theft of more than €4.3 million using a network of cryptocurrency investment scam call centers. In these fraud schemes (also known as romance baiting or pig butchering scams), criminals lure targets through social media, dating sites, and messaging apps into fake investment schemes, stealing […]
Google: LLMjacking attacks rack up $1 million in cloud AI charges
Large language model hijacking attacks, also known as LLMjacking, are generating large fraudulent cloud charges, with some organizations losing more than $100,000 per day. Companies can record costs as high as $1 million due to fraudulent calls using stolen API keys, researchers at Google’s Threat Intelligence Group (GTIG) and Mandiant in analyzed incidents. Based on their observations, there […]
Authorities disrupt nearly 11,000 cybercrime networks in Africa
Law enforcement agencies have disrupted nearly 11,000 cybercriminal networks and arrested more than 1,400 people in Operation Serengeti III, which targeted business email compromise, ransomware, and online scams. Coordinated by Interpol, the operation involved authorities from 21 countries and private partners like Team Cymru, Kaspersky, Group-IB, and Fortinet, in a major crackdown on cybercrime across […]
Man admits to running network of 15,000 money mules for cybercriminals
A Ukrainian-Russian dual citizen has pleaded guilty to running a massive money laundering operation that laundered millions for cybercriminals worldwide. 42-year-old Oleg Korniev was one of the leaders of Your Mule Cashout (YMCO), a criminal organization that has operated since September 2007 and used more than 15,000 money mules from the United States. Four other […]
Owner of Empire cybercrime market gets 40 years in prison
The co-creator of Empire Market, one of the largest dark web marketplaces before its shutdown, has been sentenced to 40 years in prison for facilitating $430 million in illegal transactions from 2018 to 2020. 30-year-old Raheim Hamilton (also known online as “Sydney” and “ZeroAngel”) owned and operated Empire Market from August 2017 until its abrupt […]
Rydox marketplace admin pleads guilty, faces 22 years in prison
A Kosovar national has pleaded guilty to operating Rydox, a large illegal online marketplace that sold stolen personal information, login credentials, credit card details, and cybercrime tools. Kosovo law enforcement and Albania’s Special Anti-Corruption Body (SPAK) arrested 28-year-old Ardit Kutleshi and two other Rydox administrators (Jetmir Kutleshi and Shpend Sokoli) in December 2024. The arrests […]
Suspected Black Axe gang leaders face cybercrime charges in the US
Five alleged leaders of the Black Axe cybercrime syndicate, known for its involvement in global-scale cyber-enabled financial fraud, have been extradited to the United States to face wire fraud and money laundering charges. Defendants Perry Osagiede, Franklyn Osagiede, Osariemen Clement, Collins Otughwor, and Musa Mudashiru have been indicted for coordinating a large-scale internet fraud campaign […]
Police arrests dozens of suspects in global cybercrime crackdown
Law enforcement agencies from 22 countries helped identify 263 suspects and arrested 58 individuals linked to cybercrime networks coordinated by African crime groups. The “Operation Jackal IV” international joint action targeted West African criminal networks between November 2025 and June 2026. The operation also focused on disrupting the Black Axe cybercrime syndicate, known for its […]