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Ex-Security Engineer Gets Three Years in Prison for $12 Million Crypto Hacks

Security Boulevard

A former Amazon engineer who scammed more than $12 million from two decentralized cryptocurrencies exchanges in 2022 was sentenced to three years in prison in a case that the U.S. The post Ex-Security Engineer Gets Three Years in Prison for $12 Million Crypto Hacks appeared first on Security Boulevard.

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Scams Lost US $10 BILLION in 2022 — Crypto Fraud Grows Fast

Security Boulevard

Ben is disappointed: FBI reports huge rise in cryptocurrency investment scams. The post Scams Lost US $10 BILLION in 2022 — Crypto Fraud Grows Fast appeared first on Security Boulevard. Why am I not surprised?

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The Dark Web Economy

Security Boulevard

Even the recent plummet in value of cryptocurrency–the dark web’s currency. The post The Dark Web Economy appeared first on Security Boulevard. While the western world struggles with rising grocery bills and gas prices, the economy of the dark web–the digital black market–is chugging along as usual.

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NoaBot Pwns Hundreds of SSH Servers as Crypto Miners

Security Boulevard

The post NoaBot Pwns Hundreds of SSH Servers as Crypto Miners appeared first on Security Boulevard. ‘hi’ — Mirai-based botnet exploits weak authentication to mine fake money.

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Ransomware world in 2021: who, how and why

SecureList

Finally, negotiations with the victims may be handled by yet another team and when the ransom is paid out, a whole new set of skills is needed to launder the cryptocurrency obtained. They interact with each other through internet handles, paying for services with cryptocurrency. Monero (XMR) cryptocurrency is used for payment.

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Hacker Stole $3B of Bitcoin — Because ‘Crypto’ is Garbage

Security Boulevard

The post Hacker Stole $3B of Bitcoin — Because ‘Crypto’ is Garbage appeared first on Security Boulevard. James Zhong admitted to stealing 50,000 bitcoins from the former dark web market, Silk Road.

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$3 BILLION in DeFi Hacks in 2022—So Far

Security Boulevard

The post $3 BILLION in DeFi Hacks in 2022—So Far appeared first on Security Boulevard. And nothing of value was lost.

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