🚀 Stay Ahead with AltcoinDaily.co! 🌐 In the fast-evolving Web3 world, Decentralized finance (DeFi) is booming, but so are its vulnerabilities. Hackers are increasingly targeting DeFi with advanced methods, making strong security essential. Ironblocks, an Israeli cybersecurity firm led by Or Dadosh, has stepped up with a new solution to solve the decentralization hack that…
Radiant Capital has fallen to a hack, with more than $51 million stolen across Arbitrum and BNB Chain. Over $32 million was stolen from Arbitrum, while BNB Chain accounted for about $18 million. Radiant Capital suffered an exploit on Oct. 16, with hackers siphoning over $51 million from the decentralized finance lender. On-chain security platform…
The Ohio Bureau of Criminal Investigation’s new Electronic Fraud Investigations unit has recovered $130,000 from a cryptocurrency scam in its first victory. The unit was established to address the growing complexity of cyber financial crimes, particularly those involving cryptocurrency. Ohio’s New Fraud Unit Recovers $130K From Crypto Scam Ohio Attorney General Dave Yost announced on…
Offshore Alert reporter David Marchant disclosed the United States has initiated two forfeiture complaints related to previously confiscated bitcoin (BTC) and tether (USDT), alleging that these funds were snatched by the notorious North Korean hacking groups Lazarus Group and Advanced Persistent Threat 38 (APT38). These cyber hacking syndicates are known for their operations to fund…
AI is being leveraged to both detect and disrupt cybercrimes, including ransomware and illegal cryptocurrency operations. The integration of AI and blockchain enhances data privacy and decentralization, offering a more secure digital ecosystem. One of the main highlights of a symposium sponsored by the United States Department of Justice was artificial intelligence (AI) and how…
Europol and multiple countries have taken a significant step against the notorious Lockbit ransomware group with four key arrests and international sanctions. A collaborative effort between France, the UK, and Spain led to the detainment of critical individuals, including a developer and a hosting administrator. The operation is part of a larger international crackdown known…
A 21-year-old from Indiana has pleaded guilty to cyber intrusion and cryptocurrency theft in a massive scheme targeting hundreds of victims. His actions involved stealing personal data and cryptocurrency worth over $37 million, with law enforcement crediting significant investigative efforts for his capture. FBI Cracks Global Cryptocurrency Theft Network The U.S. Department of Justice (DOJ)…
The U.S. Treasury has sanctioned members of Russia’s Evil Corp in collaboration with the UK and Australia, continuing a crackdown on cybercriminals. Targeting seven individuals, the group is infamous for deploying Dridex malware and Bitpaymer ransomware. This move highlights international efforts to combat cyber threats. US Expands Sanctions on Evil Corp Amid Global Ransomware Crackdown…
September 27, 2024 at 01:30 PM GST updated: September 27, 2024 at 12:13 PM 2 mins read News Roman Storm’s trial for Tornado Cash-related money laundering will begin on December 2 in New York. A federal judge rejected Storm’s defense that Tornado Cash development was protected by the First Amendment. Hackers recently laundered $27M and…
Two Russian nationals have been charged with running a massive money laundering network that processed billions through cryptocurrency exchanges, the U.S. Department of Justice (DOJ) announced. These exchanges, including Cryptex and Joker’s Stash, enabled criminals to bypass regulations and funnel funds from fraud, ransomware, and darknet activities. U.S. authorities, in collaboration with international law enforcement,…
Russian Interior Minister Vladimir Kolokoltsev has revealed that cybercrime damage in Russia has surpassed $1.25 billion so far this year, with both individuals and organizations, including government bodies, as frequent targets. He highlighted that cybercrime now represents 40% of all crimes in the country, rising to 60% in serious cases. Cybercrime Costs Russia Over $1.25…
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…
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…
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…
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…
The Paris Public Prosecutor’s Office has disclosed the arrest of Telegram CEO Pavel Durov, who was detained at Le Bourget airport on August 24, 2024. Durov is currently in police custody as part of an extensive judicial investigation. The probe, launched on July 8, 2024, involves multiple serious charges, including complicity in illegal transactions, child…
A Russian cybercriminal, Deniss Zolotarjovs, has been charged in the U.S. with crimes related to his involvement in a cybercrime organization known for extorting victims and laundering cryptocurrency. The 33-year-old Moscow resident was indicted in Cincinnati, Ohio, on charges of conspiracy to commit money laundering, wire fraud, and Hobbs Act extortion. Arrested in Georgia in…
Philippine police have arrested 99 individuals during a raid on a suspected scam hub in Parañaque City, uncovering a fraudulent cryptocurrency and romance scheme involving foreign and local workers. The company was unregistered and forced employees into compromising roles. Philippine Police Bust Crypto Scam Hub, Arrest 99 in Major Raid The National Capital Region Police…