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Blockchain security companies tackle cryptocurrency theft, ransom tracing

CSO Magazine

According to data from the Rekt leaderboard , cybercriminals have stolen as much as $3 billion of investor funds through 141 various cryptocurrency exploits since January, putting 2022 on track to top 2021 levels of digital currency malfeasance. Comparitech’s cryptocurrency heists tracker indicates that since 2011, hackers have stolen $7.9

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A man faces up to 25 years in prison for his role in operating unlicensed crypto exchange BTC-e

Security Affairs

A Belarusian and Cypriot national linked with the cryptocurrency exchange BTC-e is facing charges that can lead maximum penalty of 25 years in prison. “According to the indictment, between 2011 and July 2017, Aliaksandr Klimenka, 42, allegedly controlled BTC-e, a digital currency exchange, with Alexander Vinnik and others.”

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Alexander Vinnik, the operator of BTC-e exchange, pleaded guilty to money laundering

Security Affairs

Alexander Vinnik , a Russian national, pleaded guilty to conspiracy to commit money laundering for his involvement in operating the cryptocurrency exchange BTC-e from 2011 to 2017. charged Aliaksandr Klimenka, a Belarusian and Cypriot national linked with the cryptocurrency exchange BTC-e. reported the Associated Press.

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The Origins and History of the Dark Web

Identity IQ

Transactions on the dark web are typically conducted using cryptocurrencies such as Bitcoin to maintain anonymity. Transactions on the dark web are often carried out with Bitcoin or other cryptocurrencies, which are unregulated and difficult to trace back to the user. From 2011 to 2013, the Silk Road hosted 1.2 billion in value.

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Another NFT explainer, with a bonus look at the data security implications

Webroot

“What Bitcoin was to 2011, NFTs are to 2021.”. Since cryptocurrencies were, are and will continue to be impactful technologies, surely NFTs are a topic worth exploring. NFTs use the same blockchain ledger technology to verify uniqueness that cryptocurrencies rely on to prove ownership.

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The Scammers’ Playbook: How Cybercriminals Get Ahold of Your Data

eSecurity Planet

To this end, some impressive technology has been created to combat the technological side of the issue, to keep hackers and similar bad actors from accessing data and account privileges they shouldn’t. However, the technological side of cybersecurity is no longer the weakest link in a company’s proverbial chain. Individuals.

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How Do Criminal Hackers Hide Their Profits?

SecureWorld News

Crime has changed with the times and adapted to modern technologies. The Department of Justice (DOJ) describes his crimes like this: "Bitcoin Fog was the longest-running cryptocurrency 'mixer,' gaining notoriety as a go-to money laundering service for criminals seeking to hide their illicit proceeds from law enforcement.