Money
Crypto gang member gets 6.5 years for role in $230 million heist
A 20-year-old California man was sentenced to 78 months in prison for serving as a home invader and money launderer in a criminal ring that stole over $250 million in cryptocurrency. Marlon Ferro (also known online as GothFerrari and Marlo) was arrested on May 13, 2025, carrying two firearms and a fake identification document. He pleaded […]
Employee gets $920 for credentials used in $140 million bank heist
Hackers stole nearly $140 million from six banks in Brazil by using an employee’s credentials from C&M, a company that offers financial connectivity solutions. The incident reportedly occurred on June 30, after the attackers bribed the employee to give them his account credentials and perform specific actions that would help their operations. Insider threat According to Brazilian media […]
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 […]