Architect of DoJ’s crypto framework will no longer be leading their policy-making
Major figure in Justice Department’s cyber work is out from the policy office, but no word on where she’s heading next. Go to Source Powered by WPeMatico
Cybercrime
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Bitcoin’s reputation still a deterrent for institutions, Draper fund analyst says
Institutions still fear Bitcoin’s criminal persona, its volatility, and other factors. Go to Source Powered by WPeMatico
Bitcoin theft is likely to surge in meager post-COVID economy: report
Cybercriminals may favor a different cryptocurrency in the coming months, however. Go to Source Powered by WPeMatico
Report: Crypto crimes declined in 2020, but DeFi hacks are on the rise
The recent surge in DeFi makes the industry is an attractive target for hackers. Go to Source Powered by WPeMatico
A Look at ‘Individual X’ and the Seized Stash of Silk Road Bitcoins Worth $1 Billion
On November 3, 2020, the cryptocurrency community noticed that one of the largest addresses holding 69,369 bitcoins from the Silk Road were transferred. Following the onchain movement, the U.S. government revealed it had seized the coins from a person they dubbed “Individual X.” The following is an in-depth look at what we know about the … Read more
Cybercrime task force monitoring the global digital financial system
Regulators are addressing the growing threat of transnational cybercrimes in the financial industry. Go to Source Powered by WPeMatico
Attack of the bots! Paxful fights off thousands of automated threats
Bad actors allegedly tried to brute force their way into accounts belonging to Paxful’s users in an ongoing series of attacks. Go to Source Powered by WPeMatico
US Treasury warns crypto firms not to reimburse unknown ransomware victims
Malware payouts from insurance companies pose a threat to U.S. national security. Go to Source Powered by WPeMatico
Eastern Europe’s sixth-largest crypto service is a darknet market
A new report from Chainalysis has found that Eastern Europe is responsible for more darknet activity and ransomware volume than any other region. Go to Source Powered by WPeMatico
The $700 Million Wallet Crack: Bitcoin’s 7th Largest Address Is Under Constant Attack
During the last two years, hackers have been trying to crack the seventh-largest bitcoin wallet, an address that holds 69,370 BTC or $712 million using today’s exchange rate. According to the CTO of the cybercrime intelligence firm, Hudson Rock, the wallet is being publicized on hacking forums in order to crack the password. Wallets with … Read more
