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Two Estonian citizens arrested in $575M cryptocurrency fraud scheme

Security Affairs

Two Estonian citizens were arrested in Tallinn for allegedly running a $575 million cryptocurrency fraud scheme. Two Estonian nationals were arrested in Tallinn, Estonia, after being indicted in the US for running a fraudulent cryptocurrency Ponzi scheme that caused more than $575 million in losses. Pierluigi Paganini.

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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. In July 2017 law enforcement shut down the virtual currency exchange. reported the Associated Press. In February, the U.S.

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US officials charge two Chinese men for laundering cryptocurrency for North Korea

Security Affairs

The Department of Justice has charged the two Chinese nationals for laundering cryptocurrency for North Korea-linked APT groups. for helping North Korea-linked hackers in laundering cryptocurrency. The cryptocurrency have been stolen by the APT groups from two cryptocurrency exchanges. and Li Jiadong (???),

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Crypto security breaches cause $4.25 billion losses worth of cryptos in 2021

Security Affairs

The cyberattacks against the cryptocurrency industry are a profitable business for threat actors, according to the experts, $12.1 billion worth of cryptocurrencies have been stolen in the last decade. “Cryptocurrency crime stands in direct proportion to the size of the cryptocurrency market. Threat actors stole $3.18

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DarkGate malware campaign abuses Skype and Teams

Security Affairs

The researchers speculate the originating accounts of the instant messaging applications were compromised through the leaked credentials available on cybercrime forums. The message sent to the victims from a compromised Skype account contains a VBS script with a filename following the following format: <filename.pdf> www.skype[.]vbs.

Malware 105
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Russians charged with hacking Mt. Gox exchange and operating BTC-e

Security Affairs

Two Russian nationals have been charged with the hack of the cryptocurrency exchange Mt. Russian nationals Alexey Bilyuchenko (43) and Aleksandr Verner (29) have been charged with the hack of the cryptocurrency exchange Mt. Gox in 2011 and the operation of the illicit cryptocurrency exchange BTC-e. ” reads the DoJ.

Hacking 85
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Group-IB experts record a massive surge of user data leaks form cryptocurrency exchanges

Security Affairs

Group-IB researchers have investigated user data leaks from cryptocurrency exchanges and has analyzed the nature of these incidents. In 2017, when cryptocurrencies were gaining momentum, their record-breaking capitalization and a spike in Bitcoin’s exchange rate led to dozens of attacks on cryptocurrency services.