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Cryptocurrencies and cybercrime: A critical intermingling

Security Affairs

As cryptocurrencies have grown in popularity, there has also been growing concern about cybercrime involvement in this sector Cryptocurrencies have revolutionized the financial world, offering new investment opportunities and decentralized transactions.

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Conti Ransomware gang pays salaries and develops cryptocurrency

CyberSecurity Insiders

But here’s a news piece that gives details of a ransomware group that paid $6 million in salaries last year and even tried to develop its cryptocurrency. Conti Ransomware group is the hacking group in discussion and is reported to have been led by an individual code named ‘Stern’.

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U.S. Hacks QakBot, Quietly Removes Botnet Infections

Krebs on Security

government today announced a coordinated crackdown against QakBot , a complex malware family used by multiple cybercrime groups to lay the groundwork for ransomware infections. Emerging in 2007 as a banking trojan, QakBot (a.k.a. Today’s operation is not the first time the U.S. ” The DOJ said it also recovered more than 6.5

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DarkSide Ransomware Gang Quits After Servers, Bitcoin Stash Seized

Krebs on Security

The DarkSide ransomware affiliate program responsible for the six-day outage at Colonial Pipeline this week that led to fuel shortages and price spikes across the country is running for the hills. The DarkSide message includes passages apparently penned by a leader of the REvil ransomware-as-a-service platform.

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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

According to the FBI, it has successfully seized most of the Bitcoin ransom paid by Colonial Pipeline to “Darkside” criminals after the highly publicized ransomware attack that led to recent gas shortages in multiple US States. performed after obtaining a classic search warrant).

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Phorpiex botnet sent millions of phishing emails to deliver LockBit Black ransomware

Security Affairs

Experts reported that since April, the Phorpiex botnet sent millions of phishing emails to spread LockBit Black ransomware. The ZIP archives contain a compressed executable payload that, if executed, will start the encryption process with LockBit Black ransomware. ” states the report published by the NJCCIC. 177 and 185[.]215[.]113[.]66.

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Wormhole cryptocurrency platform hacked, crooks stole $326 million, the second-biggest hack of a DeFi platform

Security Affairs

Threat actors have stolen $325 million in cryptocurrency leveraging a bug in the Wormhole communication bridge. This is the second-biggest hack of a DeFi platform ever, just after the $600 million Poly Network security breach. SecurityAffairs – hacking, REvil ransomware). — samczsun (@samczsun) February 3, 2022.