Halborn raised $90 million to expand its audit and penetration testing services and more effectively safeguard the crypto industry. The proceeds will bolster its protection for cryptocurrency lending protocols and better defend the money flowing into and out of the cryptocurrency ecosystem.
Premint NFT platform users became victims last weejend of one of the biggest NFT attacks ever. The company says an open-source vulnerability led to the compromise of its website, resulting in its users losing about $500,000 worth of blockchain assets.
Thieves behind a phishing campaign targeting investors into a cryptocurrency exchange got away with at least $8 million. The attack took advantage of human credibility, not a cybersecurity exploit in the Uniswap protocol, experts say. The stolen funds are being laundered in a cryptocurrency mixer.
Crema Finance has published its compensation and recovery plans following last week's $8.8 million hack on the Solana blockchain-powered concentrated liquidity protocol. The hacker has returned the stolen funds in exchange for a bounty offered by the company.
A new Android malware that can steal financial data, credentials, crypto wallets, personal data and cookies; bypass multifactor authentication codes; and remotely control infected devices is targeting online banking customers and financial institutions, cybersecurity researchers at F5 Labs say.
Until its disruption earlier this year, the Russian-language Hydra marketplace was the world's largest darknet market. Studying how Hydra became such a success will be key to tracking and disrupting future darknet markets, says Ian Gray, senior intelligence director at Flashpoint.
A "technically sophisticated" threat campaign is cloning cryptocurrency apps to steal funds from web3 wallet users, security researchers at Confiant say. The campaign, dubbed SeaFlower, uses cloned wallet apps offered by MetaMask, Coinbase, imToken and TokenPocket to carry out the theft.
The disruption of the Netwalker ransomware group in January 2021 by U.S. and Bulgarian authorities highlights how blockchain can be an Achilles' heel for cryptocurrency-using criminals, says Jackie Burns Koven, cyberthreat intelligence lead at Chainalysis.
As the Russia-Ukraine war continues, and analysts watch for retaliatory cyberattacks against Ukraine's allies, cybercrime tracker Jon DiMaggio of Analyst1 says there's good news, in that Russian cybercriminals seem to have little or no incentive to move against U.S. critical infrastructure.
Darknet markets continue to thrive despite regular disruption by law enforcement agencies and exit scams by administrators because they offer easy access to services such as tools for laundering cryptocurrency, says Kimberly Grauer, head of research at blockchain analytics firm Chainalysis.
SSNDOB, a darknet marketplace selling stolen Social Security numbers and birthdates, has been shut down, says the U.S. Department of Justice. The takedown was the result of a multiagency effort involving the IRS-CI, the FBI, the DOJ, and law enforcement agencies of Cyprus and Latvia.
Undisclosed attackers have likely stolen $1.7 million by deploying Clipminer, a cryptomining and clipboard hijacking malware, on compromised systems, says the Symantec Threat Hunter Team. According to the team, Clipminer is a copycat or an evolved version of cryptomining Trojan KryptoCibule.
The U.S. is setting up a Joint Ransomware Task Force, headed by the Cybersecurity and Infrastructure Security Agency and the FBI, as well as two international initiatives, chaired by the Department of Justice, to tackle illegal cryptocurrency activities related to ransomware.
In this edition, Ari Redbord and Grant Schneider join ISMG editors to discuss the challenges ahead for the U.S. government as it plans to roll out EDR deployments at more than half of federal agencies this year, how stable the stablecoin economy really is and how to improve industry collaboration.
There has been a rise in crypto fraud, and a substantial portion of it can be attributed to stimulus funding and paycheck protection programs, says David Britton, vice president of strategy, global ID and fraud at Experian. He discusses new authentication methods and stricter regulations.
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