BingX confirms the resumption of withdrawal services following hack
Monetary losses from the BingX hack were initially reported as totaling $26 million, but the figure has since swelled to $52 million. Go to Source
Cybercrime
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Bull cycles spark ‘some seemingly rational reason’ to compromise security: Ledger exec
Ian Rogers of Ledger stresses the importance of self-custody and warns against complacency during crypto market booms. Go to Source
German Authorities Shut Down 47 Crypto Exchange Services in Cybercrime Crackdown
German authorities have dismantled 47 exchange services involved in facilitating anonymous crypto transactions for criminal activities. These platforms bypassed anti-money laundering protocols, enabling cybercriminals to exchange digital currencies without identity verification. The takedown follows a series of other operations targeting major cybercrime networks. With seized user and transaction data, authorities are set to pursue further … Read more
US prosecutors oppose Mango Market exploiter’s motion for acquittal
Following the exploit, Eisenberg claimed he negotiated a settlement with Mango Markets’ insurance fund to ensure users retained their money. Go to Source
Indian crypto exchange WazirX struggles to recover funds 60 days after hack
WazirX’s $235 million hack recovery efforts face hurdles as internal findings yield little to no significant breakthroughs. Go to Source
US Lawmaker Urges Release of Jailed Binance Employee
A U.S. lawmaker is calling for the release of a detained Binance executive in Nigeria. Representative James Hill believes the executive, Tigran Gambaryan, has significantly contributed to combating cybercrime in the U.S. and should not be abandoned. Hill expressed concern that the continued detention could strain diplomatic ties between the U.S. and Nigeria. Hill urged … Read more
Bitcoin Extortion Emails Demand Ransom, Show Google Maps of Victims’ Homes
The Douglas County Sheriff’s Office has alerted Minden, Nevada, residents to a scam involving threatening emails aimed at extorting money through bitcoin. The emails claim to possess personal details such as the victim’s home address, phone number, and internet browsing history. The scammer threatens to expose the victim’s browsing history unless a ransom is paid … Read more
New Android malware steals private keys from screenshots and images
According to a recent FBI warning, North Korean hackers are “aggressively targeting” the crypto industry with “well-disguised” attacks. Go to Source
Penpie protocol exploited, suffers $27M loss
Cryptocurrency hacks have stolen $1.21 billion in funds so far in 2024, a 15.5% increase from 2023. Go to Source
Missouri Man Arrested for Extorting Former Employer With Bitcoin Ransom
A Missouri man, Daniel Rhyne, was arrested for attempting to extort his former employer, a New Jersey-based industrial company. Rhyne, a former core infrastructure engineer for the company, allegedly sent an extortion email on Nov. 25, 2023, claiming to have locked out or deleted the company’s IT administrators from its computer network and deleted server … Read more
