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The U.S. Department of the Treasury has imposed sanctions on Cambodian tycoon Ly Yong Phat and his businesses, linking them to human trafficking and forced labor scams involving cryptocurrency fraud. Victims were manipulated into online scam centers, and trafficked workers were forced into labor for these schemes. The sanctions freeze U.S.-based assets and prohibit transactions, … Read more
The FBI has issued a new warning about North Korea’s cyber campaigns targeting the cryptocurrency sector. The agency highlighted the use of sophisticated, hard-to-detect social engineering tactics to deploy malware and steal digital assets. North Korean hackers are reportedly focusing on decentralized finance (defi) platforms and cryptocurrency exchange-traded funds (ETFs). FBI Warns of North Korean … Read more
The New York County District Attorney’s Office is hiring a full-time cryptocurrency analyst for its Cybercrime and Identity Theft Bureau. This role involves analyzing cryptocurrency theft complaints, conducting blockchain transaction analyses, and providing expert testimony. NY District Attorney Seeks Cryptocurrency Analyst The New York County District Attorney’s Office has put up a job posting for … Read more
In July 2024, over $35 million from the infamous $305 million DMM Bitcoin hack has been laundered through the online marketplace Huione Guarantee. Suspicions point to the Lazarus Group, known for sophisticated laundering techniques and off-chain indicators linked to similar cyberattacks. Tether’s Response and Laundering Path Over the weekend, Tether took action by blacklisting a … Read more
CyberConnect (CYBER) experienced a remarkable price surge of over 20% yesterday, capturing the attention of both traders and investors within the cryptocurrency market. The surge in CYBER’s value was attributed to the team’s announcement of the release of “Cyber,” a groundbreaking Layer 2 (L2) solution tailored specifically for the social domain. This innovative solution, unveiled … Read more
Users were prevented from withdrawing their CYBER Earn assets on the exchange due to a cross-chain bridging issue. Go to Source
Cyber criminals used a variety of methods to siphon funds through hacks and exploits in 2022, amounting to over $2.8 billion in losses. Go to Source Powered by WPeMatico
The new bill, if passed, will allow cyber warfare operatives to take over control of critical infrastructure under attack. Go to Source Powered by WPeMatico
Another survey has revealed that the business world is eager to start using bitcoin to save on transactions costs and reduce dependence on entrenched systems. However, many companies are still concerned that holding bitcoin will make them a target for hackers. Also Read: Silicon Valley VCs Help Crypto Hedge Fund Reach Quarter Billion Target Survey … Read more
Russia’s president Vladimir Putin has reportedly commissioned work to create a cryptocurrency as a tool to circumvent international sanctions. His economic adviser explained that “no mining is possible” for the cryptoruble. Meanwhile, the country’s central bank and finance ministry have expressed skepticism about this “cryptocurrency.” Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details … Read more
