Remove Cryptocurrency Remove Government Remove Scams
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U.S. Sanctions Cloud Provider ‘Funnull’ as Top Source of ‘Pig Butchering’ Scams

Krebs on Security

government today imposed economic sanctions on Funnull Technology Inc. , a Philippines-based company that provides computer infrastructure for hundreds of thousands of websites involved in virtual currency investment scams known as pig butchering.” Image: Shutterstock, ArtHead. based cloud providers. victim-reported losses.”

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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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Feds Charge Five Men in ‘Scattered Spider’ Roundup

Krebs on Security

The targeted SMS scams asked employees to click a link and log in at a website that mimicked their employer’s Okta authentication page. According to prosecutors, the group mainly sought to steal cryptocurrency from victim companies and their employees. Tylerb was reputed to have fled the United Kingdom after that assault.

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On the Dangers of Cryptocurrencies and the Uselessness of Blockchain

Schneier on Security

Earlier this month, I and others wrote a letter to Congress, basically saying that cryptocurrencies are an complete and total disaster, and urging them to regulate the space. But that doesn’t mean there can’t be some governance system on top of the blockchain that enables reversals. They still require governance.

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How The FBI Seized Bitcoin from Colonial Pipeline Hackers – Does Law Enforcement Have More Control Over Cryptocurrencies Than People Believe?

Joseph Steinberg

Could Satoshi Nakomoto even be some government agency somewhere? The post How The FBI Seized Bitcoin from Colonial Pipeline Hackers – Does Law Enforcement Have More Control Over Cryptocurrencies Than People Believe? Whoever knows the answers to these questions will clearly not answer them to the public. (Of

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US Pig Butchering Victims ‘Will’ Get Refunds — Feds Seize $225M Cryptocurrency

Security Boulevard

The post US Pig Butchering Victims ‘Will’ Get Refunds — Feds Seize $225M Cryptocurrency appeared first on Security Boulevard. DoJ, FBI, USSS yoinked USDT: Pretty girls plus investment fraud equals forfeiture recovery (eventually).

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An Interview With the Target & Home Depot Hacker

Krebs on Security

That investigation detailed how the 38-year-old Shefel adopted the nickname Rescator while working as vice president of payments at ChronoPay , a Russian financial company that paid spammers to advertise fake antivirus scams, male enhancement drugs and knockoff pharmaceuticals. He also apparently ran a business called click2dad[.]net