US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine

A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the…

South African Professor Accuses US Regulators of Attempting to ‘Assassinate Crypto’

The United States’ attempts to “assassinate crypto” are illegal and unlikely to succeed because “crypto is global,” Steven Boykey Sidley, a South African professor and author, has argued. According to Sidley, many formerly U.S.-based companies and innovators have fled the country…

FBI Says Crypto Investment Fraud Rose 183% to $2.57 Billion in 2022

The Federal Bureau of Investigation (FBI) says cryptocurrency investment fraud rose 183% from $907 million in 2021 to $2.57 billion in 2022, based on data from its Internet Crime Complaint Center (IC3). The FBI also warned the public of “a spike…

Crypto Groups on Russian Social Media Hit by Bots Discrediting Bitcoin

Social media groups devoted to cryptocurrencies in Russia have been attacked by bots in what looks like a campaign against bitcoin and the like. Their comments on Russia’s largest social media platform are triggered by certain keywords like crypto and blockchain,…

North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils

The regime in North Korea has managed to steal more cryptocurrency last year than in previous years, according to a draft U.N. report. Despite the difference between quoted estimates, the authors conclude that 2022 was a record-breaking year for crypto theft,…

Hackers Stole $3.8 Billion From Crypto Firms in 2022, Says Chainalysis

Blockchain analytics firm Chainalysis says 2022 was “the biggest year ever for crypto hacking,” with $3.8 billion stolen from cryptocurrency businesses. The firm added that decentralized finance (defi) protocol hacks accounted for 82.1% of all cryptocurrency stolen by hackers during the…

Darknet Market Solaris Hacked by Competitor, Elliptic Reveals

A leading marketplace on the dark web, Solaris, has been hit by a rival, according to crypto analytics company Elliptic. The Russia-linked platform, which tried to occupy space vacated by the busted Hydra, is believed to have conquered up to a…

Onchain Researchers Discover $63M in Ethereum From Harmony Bridge Attack Moved, Hackers Attempt to Launder Funds on Major Exchanges

On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum, worth $63.2 million at current…

Metamask Wallet Users Warned to Be on the Lookout for Address Poisoning Attacks

To avoid becoming victims of an address poisoning attack, Metamask wallet users should ditch the practice of copying and pasting wallet addresses, the crypto wallet app support team has warned. Metamask users should instead “develop a habit of thoroughly checking every…

Hacker Sent to Prison for Robbing Vietnamese Crypto Exchange

Authorities in Vietnam have caught and sentenced a hacker who stole money and data from a local cryptocurrency exchange. The man, who was arrested and charged for extorting the trading platform’s owner, has been ordered to return the money he misappropriated….