Thursday, May 23, 2019

Businesses Increasingly See Crypto Mining Attacks in Cloud Infrastructures

Cryptocurrency mining is reportedly one of the most observed objectives of hackers attacking businesses’ cloud infrastructures, according to a report by AT&T Cybersecurity on March 14.The cybersecurity wing of United States telecoms firm...

2 Chinese OTC Traders Accused of Illicitly Raising Bitcoin by Promising Interest

Two Chinese over-the-counter (OTC) traders have been accused of running an illicit bitcoin (BTC) loan scheme and collecting bitcoin by promising interest on deposits, Chinese newspaper The Beijing News reports on May 22.According...

Hackers Withdraw 7,000 Bitcoins in Binance Crypto Exchange Security Breach

Binance, one of the largest cryptocurrency exchanges by daily trade volume, has experienced a major security breach on May 7, according to a statement shared with Cointelegraph on May 7.Per Binance, hackers employed...

Malware Study Claims Criminals Mined 4.4 Percent of Monero, Less Than Previously Thought

Cryptocurrency mining malware is responsible for less of the supply of altcoin Monero (XMR) in circulation than previously thought, new research published Jan. 3 claims.A joint effort by researchers at King’s College London and...

Police Arrest Four More Suspects in Alleged $14 Million Crypto Scam

Law enforcement in Mumbai, India have arrested four more suspects allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (over $14 million). English-language daily media outlet The Times of India reported...

Major Crypto Traders Meet to Establish Industry Blacklist, Standards

A group major cryptocurrency traders is considering the idea of creating a blacklist of counterparties engaged in nefarious activities in the crypto space, Bloomberg reported on May 8.At a meeting in Chicago on...

Founder of Romanian Crypto Exchange Coinflux to Be Extradited to US on Multiple Allegations

Nistor Vlad Călin, the founder of Romanian crypto exchange Coinflux, will be extradited to the United States, local media company Mediafax reports Jan. 4.As Cointelegraph reported in December, Călin was arrested earlier on a...

Exchange Hacks, Darknet and Money Laundering

Two prominent research papers have shed light on the latest crime trends affecting the cryptocurrency community over the past two years.Crypto analytics companies Chainalysis and CipherTrace released reports at the end of January that...

Maltese Celebrities Notify Police After False Report of Involvement in Crypto Investment Scheme

A Maltese actor and two hosts of a local TV show have notified the police after a false report that they are involved in a Bitcoin investment scheme called “Bitcoin Revolution.” The story was...

13-Count Indictment Filed Against Two Men for Allegedly Fraudulent BTC Investment Scheme

A 13-count indictment has been filed in the United States District Court in Portland, Oregon, charging two men with the theft of 10.88 bitcoin (BTC) worth roughly $59,000 as part of an allegedly...