Crypto Job Scam: US Woman Sentenced for Aiding North Korean Hackers in Massive Fraud Scheme A shocking cyber-fraud case has sent ripples through the tech and cryptocurrency sectors as Christina Marie Chapman, a 50-year-old Arizona woman, was handed an eight-year-plus federal prison sentence for enabling North Korean operatives to infiltrate over 300 US companies. This […]
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North Korean Hackers Target Crypto Developers with US Shell Companies North Korean hackers from the Lazarus Group have ingeniously penetrated the cryptocurrency industry by setting up shell companies in the U.S., using deceptive job offers to ensnare unsuspecting developers with malware. This bold move not only violates U.S. sanctions but also exposes the darker side […]
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Lazarus Group’s Latest Moves: 400 ETH Sent to Tornado Cash, Hackers Target Crypto Vets on Zoom – Lazarus Group deposits 400 ETH to Tornado Cash – Linked to major hacks including Ronin and Bybit – North Korean hackers target crypto leaders with fake Zoom calls The notorious Lazarus Group, a North Korean hacking entity known […]
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Stablecoins: The New Frontier of Crypto Crime in 2024 In 2024, stablecoins have emerged as the preferred tool for criminals in the crypto space, overtaking even Bitcoin. These cryptocurrencies, designed to mirror the stability of traditional currencies like the US dollar, are now the go-to for illegal activities. But what drives this shift? Stablecoins involved […]
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Illicit Crypto Volume Projected to Soar to $51 Billion in 2024 Crypto crime is set to hit a staggering $51 billion in 2024. Here’s what you need to know: Illicit crypto volume to reach $51 billion in 2024 25% annual growth rate since 2020 Stablecoins account for 63% of illicit transactions North Korean hackers steal […]
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SBI VC Trade Acquires DMM Bitcoin’s Assets: A Strategic Move Amid Cybersecurity Challenges SBI VC Trade, a subsidiary of Japan’s financial giant SBI Holdings, is set to expand its presence in the cryptocurrency market by acquiring the assets of the troubled DMM Bitcoin exchange. This acquisition is expected to finalize by March 8, 2025, following […]
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South Korea Strikes Back: Sanctioning North Korean Hackers Amid Rising Crypto Thefts In a cyber heist of epic proportions, North Korean hackers managed to siphon $1.34 billion from the world of cryptocurrencies in 2024. These stolen funds are suspected of bolstering North Korea’s notorious weapons programs, highlighting a new level of sophistication and audacity in […]
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Unmasking the Heist: North Korean Hackers Behind DMM Crypto Exchange Theft Federal agencies have unmasked a sophisticated operation that led to a $308 million theft from Japan’s DMM exchange. The culprit? A notorious North Korean group known as “TraderTraitor,” executing the heist with alarming precision. This incident exposes significant vulnerabilities in cryptocurrency security, underlining the […]
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“`html South Korea and the United States have united in a robust campaign against North Korean hackers, notorious for their involvement in massive cryptocurrency thefts. This collaboration not only aims to recover stolen digital assets but also dismantle the criminal networks supporting these cyber activities. South Korea and the US collaborate to combat North Korean […]
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Crypto Platforms Suffer $2.2 Billion in Losses Due to Hacks in 2024 Chainalysis, a prominent blockchain data analysis firm, reports that cryptocurrency platforms experienced a colossal $2.2 billion in losses from hacks in 2024. This marks a concerning 21.07% hike from the previous year, highlighting an ongoing battle with cybercrime in the cryptocurrency sector. 2024 […]
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