Tag: crypto theft
Feds try to block N. Korea’s crypto-cash pipeline
The US Federal Bureau of Investigation (FBI) is conducting an ongoing investigation into the notorious North Korean cybercrime group Lazarus, formerly known as “God’s Apostles”. The group is alleged to have stolen over $800 million in virtual currency. Over the past decade, the Lazarus group has targeted entertainment companies, banks, and pharmaceutical companies both in the US and worldwide. One heist, in particular, is referenced in the court documents, where approximately $41 million worth of virtual money was allegedly stolen from the online casino platform Stake.com and laundered through VCM Sinbad. Sinbad has since been sanctioned by the US Treasury Department’s Office of Foreign Assets Control for its involvement in laundering money from the Stake.com heist, among others executed by Lazarus.
‘Ransomania’ Ransomware Repository Launches – February 19th
Cyberint announced the launch of 'Ransomania' a free-to-use ransomware attack repository featuring thousands of recorded ransomware attacks. Ransomania allows users to browse a global map of ransomware hotspots, filtered by region, industry, and time of attack.
Blockchains lose $1.8 billion to cybercrime
Web 3.0, the blockchain version of the traditional internet that hosts decentralized blockchain crypto-currencies, lost over US$1.8 billion in 2023 to cybercrime. Newly released findings from cybersecurity firm Certik’s latest Hack3D Annual Report cast a pall over the US Securities and Exchange Commission (SEC)’s much-anticipated approval of up to a dozen Bitcoin ETFs (exchange-traded funds) on Wednesday. It will also cast a long shadow over the hoped-for institutional acceptance of crypto-currencies by influential financial entities, including Swift, the Hong Kong Monetary Authority, and the Australia and New Zealand Banking Group (ANZ). In the second half of last year, the SEC scrutinized a series of proposals, notably extending review periods for Bitcoin ETF applications from major firms like BlackRock, ARK, and Fidelity.
Cyberattack Shuts Down loanDepot IT Systems – January 8th
In response to complaints regarding its payment portal, loanDepot informed its customers that they fell victim to a cyberattack that shut down its IT systems, disrupting its business operations. Currently in coordination with law enforcement and forensics experts to further investigate the attack. The attack on loanDepot marks the second major cyberattack on a US mortgage loan provider in the past few months, after the cyberattack on Mr. Cooper.
$80M in Crypto Stolen from Orbit Chain Cyberattack – January 3rd
Orbit Chain revealed to its users that as a result of a cyber attack, $84.5M worth of Ethereum and DAI (cryptocurrencies) were illicitly transferred to seven wallet addresses on the 1st of January. Orbit Chain is now coordinating with the Korean National Police Agency and the Korea Internet & Security Agency (KISA) to find the threat actors behind the cyber attacks, and to further protect its customers' crypto wallets.
North Korea Continues Crypto Theft Campaign – December 4th
A joint advisory by the Federal Bureau of Investigation (FBI), the Environmental Protection Agency, and the Cybersecurity Infrastructure and Security Agency (CISA) announced the Iranian-based threat actor group “Cyber Av3ngers” compromised over 200 internet-connected devices in the US. Suspected to be anti-Israeli by motive, the “Cyber Av3ngers” group was behind the Pennsylvania Water Authority hacks, disrupting an industrial control device that was made in Israel.