31 Jul 2020

China arrests over 100 people suspected of involvement in PlusToken cryptocurrency scam

China has reportedly arrested over 100 individuals under suspicion that they were involved in the PlusToken cryptocurrency fraud ring. The ring was based in South Korea and advertised as a high-yield investment opportunity for traders who dealt with cryptocurrencies. However, the PlusToken initiative actually created a massive Ponzi scheme in

Read More
21 Jul 2020

Mac Cryptocurrency Traders Targeted by Trojanized Apps

According to security experts, four trojanized cryptocurrency trading apps have been distributing malware that targets cryptocurrency wallets and collects data from Mac users’ browsing habits. Mac users are the primary victim of the malicious apps, which drain victims’ cryptocurrency wallets after download. The fake applications are called Cointrazer, Cupatrade, Licatrade,

Read More
20 Jul 2020

Twitter Confirms 130 Accounts Hacked

A recent cyberattack that targeted verified users on Twitter is still being investigated by the platform. However, the social media giant has confirmed that a total of 130 accounts were compromised as part of a cryptocurrency campaign attempting to scam victims out of bitcoin. The major cybersecurity incident occurred two

Read More
16 Jul 2020

Hackers targeted Twitter employees to hijack accounts of Elon Musk, Joe Biden and others in digital currency scam

Yesterday, hackers gained access to over a dozen high-profile accounts on Twitter as part of a bitcoin scam campaign. The accounts of politicians such as Joe Biden and former President Brack Obama, tech billionaires such as Elon Musk, Bill Gates, and Jeff Bezos, and corporate accounts like that of Apple

Read More
14 Jul 2020

Army Investigative Unit Looks to Detect and Trace Cryptocurrency Transactions

The Army Contracting Command, a top Pentagon investigative unit, announced plans to tap into an existing cloud-based solution in order to quickly detect unlawful cryptocurrency transactions. The entity invited potential new partners to offer opinions on their capacity to supply a cryptocurrency investigation service, stating that the application must provide

Read More
24 Jun 2020

New Zealand seizes $90 million in assets of Russian cybercrime suspect

New Zealand law enforcement has reportedly seized assets worth $90.68 million from a Russian man who is suspected of money laundering billions of dollars in digital currency. The assets were being held in a New Zealand company owned by cybercriminal Alexander Vinnik, who is wanted in the US, France, and

Read More
16 Jun 2020

Justice Gets 15 Guilty Pleas for International Crime Ring that Laundered Money Through Cryptocurrency Exchanges

A recent case involving an international scam that posted fake auctions online and laundered money hit a huge milestone last week, with fifteen people involved in the case entering guilty pleas for their association with the scam. According to experts, the case could be useful as a template for nation-state

Read More
10 Jun 2020

Fake SpaceX YouTube channels scam viewers out of $150K in bitcoin

Three YouTube channels have been hijacked by scammers to display bitcoin scams that impersonate Elon Musk’s legitimate SpaceX channel. The three hacked pages have collected almost $150,000 in bitcoin over the past two days. Scammers have frequently been impersonating Elon Musk and SpaceX to perform fraudulent “cryptocurrency giveaways” and other

Read More
01 Jun 2020

Advancing Blockchain Act Calls for Federally-Led Deep-Dive Into the Nascent Tech

Over the past week, new legislation was introduced aiming to mandate an exhaustive federal government-led examination of the impacts of blockchain nationally and globally. This specific bill was introduced by Rep. Brett Guthrie R-KY. and is part of a wider legislative package of 15 emerging tech-focused bills written by Republicans

Read More
04 May 2020

Ghost Confirms Hack Attack: 750,000 Users Spooked By Critical Vulnerability

Yesterday, a popular open-source blogging platform with over 2 million installs, Ghost, confirmed that it was hacked. Ghost’s customers include industry giants such as NASA, DuckDuckGo, and Mozilla as well as 750,000 other registered users. Early on the morning of May 3, the site stated on its website that it

Read More