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Cryptocurrency
Coinstats Hacker Resumes Laundering Stolen Funds After Extended Dormancy
The crypto world has been taken by surprise as a once-dormant exploiter of CoinStats has reappeared, engaging in extensive laundering activities and transferring significant assets between various addresses and contracts. This alarming update was highlighted in a recent report by CertiK Alerts, raising concerns across the cryptocurrency community. The individual responsible for these activities has employed sophisticated techniques to obfuscate their transactions, allowing them to retain a large portion of…
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Cryptocurrency
Coinstats Hacker Resumes Laundering Stolen Funds After Extended Dormancy
In a surprising turn of events, a previously inactive crypto exploiter tied to CoinStats has resumed their operations, engaging in substantial asset transfers and laundering activities. This resurgence has raised alarms across the cryptocurrency community, as the exploiter has employed sophisticated techniques to obfuscate the origin of the coins and retain a significant portion of the illicit funds. According to CertiK alerts, this development underscores ongoing vulnerabilities within the crypto…
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Cryptocurrency
The $4 Million Theft Involving Metawin and the Hacking of Wiz Khalifa’s X Account
Recent events have once again highlighted the precarious nature of the cryptocurrency and digital asset landscape. This week, two significant cyber incidents have shaken the industry, involving the cryptocurrency gambling platform Metawin and the Twitter account of renowned American rapper Wiz Khalifa. These breaches have led to losses amounting to millions of dollars, underscoring the persistent instability in the crypto market. Major Cyber Attack on Metawin: A Cryptocurrency Gambling Platform…
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Cryptocurrency
The $4 Million Theft Involving Metawin and the Hacking of Wiz Khalifa’s X Account
Unraveling the Metawin Cyber Assault This past week has witnessed significant cyber incidents impacting both Metawin, a cryptocurrency gambling platform, and renowned American rapper Wiz Khalifa’s Twitter account. These cyber breaches have led to financial losses amounting to millions, underscoring the persistent instability within the cryptocurrency and digital asset markets. On November 4, 2024, notable on-chain investigator ZachXBT revealed a severe breach on Metawin, a platform widely known for its…
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Cryptocurrency
Safeguarding Your Investments Against Rising Cyber Threats
October 2024 has seen a noteworthy increase in crypto security incidents, as reported by CertiK Alerts, a leading cybersecurity firm. Excluding phishing attacks, the number of incidents exceeded the typical monthly average of 40. Despite the rise in incidents, the financial impact was minimal, with damages totaling $2.6 million, marking the lowest monthly losses for the year 2024. This decline in monetary losses suggests a shift in the nature or…
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Cryptocurrency
Safeguarding Your Investments Against Rising Cyber Threats
Overview of October 2024 Crypto Security Incidents In October 2024, a significant uptick in crypto security incidents was observed, as reported by the cybersecurity firm CertiK. Excluding phishing activities, the incidents surpassed the monthly average of 40 for the year. Interestingly, despite the rise in incidents, the financial damage was minimal, amounting to only $2.6 million. This figure is the lowest recorded for the year up to this point, signaling…
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Cryptocurrency
North Korean Cyber Attackers Launch Campaign Posing a ‘Concealed Threat’ to Cryptocurrency Firms
In a significant revelation, cybersecurity researchers have uncovered a new cyber attack campaign termed “Hidden Risk.” This campaign has highlighted a strategic shift by North Korean state-sponsored hackers, who are now focusing their efforts on the cryptocurrency industry. These attackers, linked to the infamous Lazarus Group, have transitioned from their previous methods of targeting individuals on social networking platforms to deploying sophisticated phishing emails. This development marks a concerning evolution…
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Cryptocurrency
North Korean Cyber Attackers Launch Campaign Posing ‘Concealed Threat’ to Crypto Firms
In a startling revelation, researchers have uncovered a new cyber attack campaign known as “Hidden Risk.” This campaign highlights a significant shift in tactics by state-sponsored hackers from North Korea, who have now set their sights on the cryptocurrency industry. These hackers, linked to the infamous Lazarus Group, have moved away from traditional methods of profiling targets on social media platforms. Instead, they have adopted highly sophisticated phishing emails to…
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Cryptocurrency
Ex-Digital River Staffer Accused in $45K Cryptocurrency Mining Operation
An ex-employee of a Minnetonka-based e-commerce and payment processing company, Digital River, has been charged with orchestrating a cryptojacking scheme that severely impacted the company. The accused, 44-year-old Joshua Paul Armbrust from Orr, Minnesota, was apprehended for exploiting his former employer’s Amazon Web Services (AWS) to mine cryptocurrencies without authorization from December 2020 to May 2021, as announced by Assistant United States Attorney Andrew M. Luger. The Intricacies of Cryptojacking…
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Cryptocurrency
Ex-Digital River Worker Accused in $45K Cryptocurrency Mining Plot
Digital River’s Ex-Employee Charged in Cryptojacking Scheme In a significant legal development, a former employee of the Minnetonka-based e-commerce and payment processing giant, Digital River, has been charged with orchestrating a cryptojacking scheme that severely impacted the company. This incident highlights the growing cyber threat landscape faced by businesses today. The Allegations Against Joshua Paul Armbrust Assistant United States Attorney Andrew M. Luger announced the arrest of 44-year-old Joshua Paul…
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