Security News
Cryptocurrency scammers are using deep fake videos of Elon Musk and other prominent cryptocurrency advocates to promote a BitVex trading platform scam that steals deposited currency. An example of one of the scam videos can be seen below, where Elon promotes the new scam site and says he invested $50 million into the platform.
Cryptocurrency scammers are using deep fake videos of Elon Musk and other prominent cryptocurrency advocates to promote a BitVex trading platform scam that steals deposited currency. An example of one of the scam videos can be seen below, where Elon promotes the new scam site and says he invested $50 million into the platform.
The U.S. Treasury Department on Friday moved to sanction virtual currency mixer Blender.io, marking the first time a mixing service has been subjected to economic blockades. Cryptocurrency mixers, also called tumblers, are privacy-focused services that allow users to move cryptocurrency assets between accounts without leaving a transaction trail by obfuscating their origins.
The US Treasury has sanctioned cryptocurrency mixer Blender for its role in helping North Korea's Lazarus Group launder stolen digital assets. As the name might suggest, cryptocurrency mixing, or tumbling, can obscure the source of some digital money.
The US Securities and Exchange Commission intends to fill an additional 20 positions in a special unit that polices cryptocurrency fraud and other cybercrimes. This brings the newly renamed Crypto Assets and Cyber Unit's total to 50 roles as the SEC hopes to crack down on miscreants trying to profit from growing interest in digital assets and marketplaces.
Intuit is being sued in the US after a security failure at its Mailchimp email marketing business allegedly led to the theft of cryptocurrency from one or more digital wallets. The lawsuit accuses Intuit and Rocket Science Group - a subsidiary that operates Mailchimp - of poor security practices, allowing this alleged heist to take place.
LemonDuck, a cross-platform cryptocurrency mining botnet, is targeting Docker to mine cryptocurrency on Linux systems as part of an active malware campaign. With compromised cloud instances becoming a hotbed for illicit cryptocurrency mining activities, the findings underscore the need to secure containers from potential risks throughout the software supply chain.
The U.S. Department of the Treasury has announced a new package of sanctions targeting parties that facilitate evasion of previous measures imposed on Russia. Among the sanction-bypassing mechanisms identified and blocked, the announcement names corporate entities engaging in large-scale cryptocurrency mining in Russia.
North Korea targeting blockchain, cryptocurrency companies. The advisory describes the recent activities of the Lazarus Group, who specialize in advanced persistent threats and target organizations in the blockchain and cryptocurrency industries.
Beanstalk Farms is a decentralized finance project that has a majority stake governance system: basically people have proportiona votes based on the amount of currency they own. 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.