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How Cryptocurrency Turns to Cash in Russian Banks

Krebs on Security

A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. A machine-translated version of Flymoney, one of dozens of cryptocurrency exchanges apparently nested at Cryptomus.

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North Korean Hackers Steal $1.5B in Cryptocurrency

Schneier on Security

From there, the cryptocurrency was transferred out of Bybit altogether and into wallets controlled by the unknown attackers. […] …a subsequent investigation by Safe found no signs of unauthorized access to its infrastructure, no compromises of other Safe wallets, and no obvious vulnerabilities in the Safe codebase.

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Clever Cryptocurrency Theft

Schneier on Security

It is insane to me that cryptocurrencies are still a thing. A clever hacker used a “flash loan” feature of another decentralized finance project to borrow enough of the currency to give himself a controlling stake, and then approved a $182 million transfer to his own wallet.

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Criminal Gang Physically Assaulting People for Their Cryptocurrency

Schneier on Security

This is pretty horrific : …a group of men behind a violent crime spree designed to compel victims to hand over access to their cryptocurrency savings. Felix focused largely on a single theft of cryptocurrency from an elderly North Carolina couple, whose home St. Yet another reason to stay away from them.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

Cryptocurrency and non-fungible tokens (NFTs) - what are they and why should you care? With 20% of Americans owning cryptocurrencies, speaking "fluent crypto" in the financial sector ensures you are prepared to discuss growth and risk management strategies when the topic arises.

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Cryptocurrency Startup Loses Encryption Key for Electronic Wallet

Schneier on Security

The cryptocurrency fintech startup Prime Trust lost the encryption key to its hardware wallet—and the recovery key—and therefore $38.9 It is now in bankruptcy. I can’t understand why anyone thinks these technologies are a good idea.

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New Self-Spreading Malware Infects Docker Containers to Mine Dero Cryptocurrency

The Hacker News

Misconfigured Docker API instances have become the target of a new malware campaign that transforms them into a cryptocurrency mining botnet. Kaspersky said it observed an unidentified threat