Security News
Exec faces fraud charges, one regulator wants $5 billion fine Alex Mashinsky, the now-former CEO of collapsed cryptocurrency concern Celsius, today faces charges of fraud as prosecutors and...
A new fileless malware named PyLoose has been targeting cloud workloads to hijack their computational resources for Monero cryptocurrency mining. Wiz's security researchers first detected PyLoose attacks in the wild on June 22nd, 2023, and have since confirmed at least 200 cases of compromise by the novel malware.
Learn how the Meduza Stealer malware works, what it targets and how to protect your company from this cybersecurity threat. New malware dubbed Meduza Stealer can steal information from a large number of browsers, password managers and cryptocurrency wallets, according to a report from cybersecurity company Uptycs.
In measures floated in October 2022 and to be enacted by the end of 2023, Singapore's Monetary Authority will require operators to hold customer assets under a statutory trust segregated from their own assets. Crypto outfits are also barred from facilitating retail customer lending and staking - the term for locking up crypto assets for a set time to support blockchain validation.
In yet another sign of a lucrative crimeware-as-a-service ecosystem, cybersecurity researchers have discovered a new Windows-based information stealer called Meduza Stealer that's actively being developed by its author to evade detection by software solutions. "The Meduza Stealer has a singular objective: comprehensive data theft," Uptycs said in a new report.
A U.K. citizen who took part in the massive July 2020 hack of Twitter has been sentenced to five years in prison in the U.S. Joseph James O'Connor, 24, was awarded the sentence on Friday in the Southern District of New York, a little over a month after he pleaded guilty to the criminal schemes. The infamous Twitter breach allowed the defendant and his co-conspirators to obtain unauthorized access to backend tools used by Twitter, abusing them to hijack 130 popular accounts to perpetrate a crypto scam that netted them about $120,000 in illegal profits.
The U.S. Department of Justice has charged two Russian nationals in connection with masterminding the 2014 digital heist of the now-defunct cryptocurrency exchange Mt. Gox. According to unsealed indictments released last week, Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, have been accused of conspiring to launder approximately 647,000 bitcoins stolen from September 2011 through at least May 2014 as a result of unauthorized access to a server holding crypto wallets used by Mt. Gox customers.
American prosecutors have unsealed an indictment against two Russians who allegedly had a hand in the ransacking and collapse of Mt Gox a decade ago, an implosion that cost the cryptocurrency exchange's thousands of customers most of their digital coins. Bilyuchenko and Aleksandr Verner, 29, were charged with conspiring to launder about 647,000 Bitcoins stolen from Mt Gox starting in 2011, fueling the exchange's eventual collapse in 2014.
According to Web3 anti-scam platform ScamSniffer, miscreants with the Pink Drainer crew posing as journalists from well-known crypto news sources, including Decrypt and Cointelegraph contacted victims and interviewed some of them. "By analyzing the malicious websites created by Pink Drainer in the past month, we found that many Discord hacks are related to them," the researchers wrote.
A hacking group tracked as 'Pink Drainer' is impersonating journalists in phishing attacks to compromise Discord and Twitter accounts for cryptocurrency-stealing attacks. According to ScamSniffer analysts, Pink Drainer successfully compromised the accounts of 1,932 victims to steal roughly $2,997,307 worth of digital assets on the Mainnet and Arbitrum.