cyber crime – DIGIT INFO

US Secret Service holds crypto, praises blockchain tech in Reddit AMA

In a crypto-themed AMA session on Reddit on May 15, the U.S. Secret Service answered a wide range of questions and revealed their little-known NFT collection.

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Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud

On April 14, 2023, the Department of Justice (DOJ) for the Southern District of New York revealed that the hacker responsible for the Silk Road marketplace breach had been sentenced to a year in prison for wire fraud charges. James Zhong stole more than 50,000 bitcoin from the darknet marketplace (DNM) in September 2012. DOJ […]

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AUSTRAC releases 2 new guides to help spot illicit crypto use

AUSTRAC also urged financial institutions from debanking clients who may be engaged in suspicious account activity, as a mistake could be costly to “Australia’s economy.”

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Flowery V20 Talk and Government Terror: Why Darknet Crime Is the Least of Our Worries

Governments and central banking regulatory bodies continue to express concern about crypto being used for criminal purposes and terror. The terror campaigns of these very same governments continue unabated, however. In the wake of the V20 summit it might seem that lawmakers actually care about stopping darknet crime, money laundering, and other abuses facilitated by […]

The post Flowery V20 Talk and Government Terror: Why Darknet Crime Is the Least of Our Worries appeared first on Bitcoin News.

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Report: Two Hacker Groups Stole $1 Billion From Crypto Exchanges

A new report alleges that just two groups of hackers dominate the majority of cybercrime directed against cryptocurrency exchanges. Together, these groups have responsible for stealing about $1 billion of cryptocurrency so far. Also Read: Arwen Enables Self-Custody for Traders of Centralized Exchanges The Most Lucrative of All Crypto Crimes Digital surveillance company Chainalysis has […]

The post Report: Two Hacker Groups Stole $1 Billion From Crypto Exchanges appeared first on Bitcoin News.

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Japanese Actress Helps Tokyo Police Raise Crypto Cybersecurity Awareness

A Japanese actress and singer has helped the Tokyo Metropolitan Police Department raise awareness on cybersecurity issues, including cryptocurrencies. She reportedly took on the role of a cybersecurity manager in an event hosted by the department where participants learned about cybercrime countermeasures. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Rie Kitahara Raises Cybersecurity […]

The post Japanese Actress Helps Tokyo Police Raise Crypto Cybersecurity Awareness appeared first on Bitcoin News.

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Cryptojacking Rises as Ransomware Declines, Cyber Security Researchers Find

Cryptojacking Rises as Ransomware Declines, Cyber Security Researchers Find Two of the leading international cyber security firms, one from Russia and one from the USA, have both published their finds at the end of June showing an increase in the malware threats market share of cryptojacking at the expense of ransomware. Also Read: Police Forces Seize Over €4.5M in Crypto From Darknet LSD Market […]

The post Cryptojacking Rises as Ransomware Declines, Cyber Security Researchers Find appeared first on Bitcoin News.

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Coinsecure Announces Repayment Plan and Bounty for Stolen Bitcoins

Indian exchange Coinsecure has announced its plan to repay customers for stolen bitcoins as well as a 10 percent bounty to anyone who helps recover them. The exchange claims it was an inside job, and suspects its chief security officer of playing a role in siphoning off the money. Also read: Japan’s DMM Bitcoin Exchange Opens for […]

The post Coinsecure Announces Repayment Plan and Bounty for Stolen Bitcoins appeared first on Bitcoin News.

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Bank Hackers Set up “Enormous Network” to Mine Bitcoin for Laundering Money

Bank Hackers Set up “Enormous Network” to Mine Bitcoin for Laundering Money Europol has revealed that an international group of cyber criminals, which has stolen over a billion dollars from multiple banks by hacking their ATMs, has been using cryptocurrency as a means to conduct money laundering. The information was made public after cooperation by investigators from all over the world led to the arrest of the […]

The post Bank Hackers Set up “Enormous Network” to Mine Bitcoin for Laundering Money appeared first on Bitcoin News.

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How Can Cryptocurrency Users Ward Off Cyberattacks?

We’ve all read the headlines. ICO funding thefts have hardly been low profile. It’s curious, though, that what was labeled by so many as simply a vehicle for criminal misdoings should itself be the target of criminal activity. But as cryptocurrencies grow in value, it’s becoming clear that they’re not going away anytime soon. So, how can cryptocurrencies and their users ward off cybercriminals? Hacking attacks are somewhat confusing to the public at large. On the one hand, people are used to hearing about the security of Bitcoin. About how it can’t be counterfeited like regular cash, making it much safer.

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