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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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Cryptocurrency
Examining Losses Exceeding $129 Million
In October 2024, the cryptocurrency sector confronted an alarming surge in cyberattacks. According to CertiK’s comprehensive monthly report, the sector experienced over 20 cyberattacks, culminating in a staggering loss of approximately $129.7 million. This marked increase in exploit activity, ranging from simple bridge exploits to sophisticated phishing fraud, underscores the vulnerabilities of both centralized and decentralized finance platforms. Despite efforts for asset recovery, the results have been largely unproductive, with…
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Cryptocurrency
Examining Losses Exceeding $129 Million
In October 2024, the cryptocurrency sector endured a staggering series of over 20 cyberattacks, resulting in a substantial financial loss of approximately $129.7 million, as reported by CertiK. This alarming rise in exploit activities, ranging from simple bridge exploits to sophisticated phishing scams, underscores the vulnerabilities that persist in both centralized and decentralized finance platforms. The attempts to recover assets were largely ineffective, with an average recovery of just $245,000.…
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Cryptocurrency
Lottie Player Breach Results in 10 BTC Loss for Users!
In a significant event that has sent ripples through the web3 community, a coordinated attack on the Lottie Player was uncovered, posing a serious threat to the security of digital assets. This attack, detected by vigilant on-chain analysts, exploited vulnerabilities within several versions of the Lottie Player, a popular JS library used extensively across various platforms. Details of the Attack The LottieFiles team, responsible for maintaining the integrity of the…
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Cryptocurrency
Lottie Player Security Flaw Results in Crypto Wallet Compromise
On October 30, a significant number of prominent crypto platforms experienced a wave of hazardous popups urging users to connect their wallets. This unauthorized access was traced to a supply chain attack on the popular Lottie Player animations library. This JavaScript library, utilized by well-known websites such as Apple, Spotify, and Disney, was compromised to display crypto-draining popups targeting decentralized finance (DeFi) projects like 1inch and TEN Finance. The Details…
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Cryptocurrency
Andy Ayrey’s X Account Involved in $600K Fraud Scheme
In recent news, the risks associated with celebrities promoting cryptocurrencies have become alarmingly evident. A hacker infiltrated the Twitter account of Andy Ayrey, the founder of Truth Terminal, posting about a fraudulent token named $IB. According to blockchain analyst Lookonchaain, within just an hour, the hacker managed to siphon off $602,500 from unsuspecting investors, misled by Ayrey’s supposed endorsement. This incident is part of a disturbing pattern where major social…
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Cryptocurrency
U.S. Targets Unlicensed Money Transfer Operations: Charges Filed Against Aurae CEO
Christopher James Scanlon, a 43-year-old entrepreneur with significant business experience in both the United States and the United Kingdom, is facing serious charges in the United States. He stands accused of conspiring to operate an unauthorized money-remitting business. The U.S. Attorney, Phillip R. Sellinger, has stated that Scanlon facilitated illicit financial transfers for affluent clients through his luxury lifestyle brands without securing the necessary licenses. Scanlon was apprehended at Miami…
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