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Two Russians Charged in $17M Cryptocurrency Phishing Spree

Krebs on Security

authorities today announced criminal charges and financial sanctions against two Russian men accused of stealing nearly $17 million worth of virtual currencies in a series of phishing attacks throughout 2017 and 2018 that spoofed websites for some of the most popular cryptocurrency exchanges. Separately, the U.S.

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Digital artists meet scam artists, as criminals pounce on NFT craze

SC Magazine

For the uninitiated, NFTs are unique tokens that accompany original and collectible digital artwork or videos that can be sold or traded as a form of cryptocurrency, with transactions registered on the blockchain. No wonder scam artists are taking notice and jumping on the bandwagon. billion in 2020. “We

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Upbit cryptocurrency exchange hacked, crooks stole $48.5 million worth of ETH

Security Affairs

Another South Korean cryptocurrency exchange was hacked, this time the victim is Upbit that lost $48.5 million in cryptocurrency. . The South Korean cryptocurrency exchange Upbit disclosed a security breach, the company told its customers that hackers have stolen $48.5 million in crypto-currency from its hot wallet. .

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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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Phone Company Insiders Helped Global Sim-Swapping Gang Steal Millions in Cryptocurrency

Security Boulevard

How do Phone Company Insiders enable these scams? It goes on to say "From August 2017 until November 2018, DEFIORE worked as a sales representative for Phone Company A. Ireland-based hacker Conor Freeman, aged 20, was charged in that case for seven SIM-swaps that led to the theft of $2,416,352 worth of cryptocurrency.

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Americans lost $770 million from social media fraud in 2021, FTC reports

Security Affairs

The US agency received over 95,000 reports from US consumers victims of social media frauds, this marks an 18-fold increase over 2017 reported losses and more than double compared to 2020. According to the FTC, people with age between 18 to 39, were most exposed to these scams in 2021. Read about romance scams.

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Due Diligence That Money Can’t Buy

Krebs on Security

Another “capital investment” company tied to John Bernard’s Swiss address is liftinvest.ch , which was registered in November 2017. Among those is acheterdubitcoin.org , a business that was blacklisted by French regulators in 2018 for promoting cryptocurrency scams.

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