Tag: crypto security
Feds Create Their Own Cryptocurrency for Sting Operation
The US Federal Bureau of Investigation (FBI) has created “NexFundAI”, a cryptocurrency created to further their investigation, “Operation Token Mirrors.” The FBI also announced that 18 individuals have been charged for market manipulation and “wash trading” -- the first of its kind in the cryptocurrency industry. The investigation, described as “a new twist to old-school financial crime”, garnered charges against cryptocurrency company leaders and employees from Texas, the UK, and Portugal, and over $25 million in seized cryptocurrency. NexFundAI enabled the FBI to monitor and track illicit activities conducted by cryptocurrency companies and financial service firms, or “market makers.”
EU and Ukraine Partner to Boost Cybersecurity – November 14th
The European Union Agency for Cybersecurity (ENISA) signed a Working Agreement with Ukraine’s Administration of the State Service of Special Communications and Information Protection of Ukraine (SSSCIP) to boost cybersecurity efforts. The Working Agreement signed by ENISA and SSSCIP will focus on the EU supporting Ukraine in its efforts to protect itself from geopolitically-fueled cyber attacks from Russian threat actors through improving critical infrastructure, cybersecurity skills, and capacity building.
$53-million in cryptocurrency stolen by hackers – September 14th
Hackers have seized $53 million worth of cryptocurrency from CoinEx. Hackers violated the site's hot wallets, taking the cryptocurrency, with CoinEx reassuring that user assets had not been impacted by the incident.