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Bitcoin Ransom

China Jails Kidnappers That Demanded ‘Hundreds of Bitcoins’ as Ransom Payment

China Jails Kidnappers That Demanded ‘Hundreds of Bitcoins’ as Ransom PaymentChinese authorities have jailed four individuals that were accused of kidnapping one person and demanding “hundreds of bitcoins” as a ransom payment. While the alleged kidnapping is reported to have occurred in the Philippines, the cooperation between the two countries eventually led to the arrest and eventual sentencing of the Chinese kidnappers. A Ransom Demand […]

Web3 Cyber Threats Surge in 2024: Cyvers Report

Chairman of Nigerian Economic Crimes Commission: Crypto Growth Is a ‘Far Greater Danger to the World Economy’

Chairman of Nigerian Economic Crimes Commission: Crypto Growth Is a ‘Far Greater Danger to the World Economy’The chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has singled out the growth of cryptocurrencies as something that now poses “a far greater danger to the world economy.” Therefore, in order to deal with such dangers or threats, Bawa advocates for a “collective and collaborative approach by authorities around the world.” […]

Web3 Cyber Threats Surge in 2024: Cyvers Report

Joe Biden Directs US Intelligence to Investigate Ransomware Attack Against Florida IT Firm

Joe Biden Directs US Intelligence to Investigate Ransomware Attack Against Florida IT FirmJoe Biden wants to crackdown on ransomware according to statements he made on Friday, after hackers hijacked software from a Miami-based IT supplier called Kaseya. Hundreds of American businesses were affected by the breach as the attackers encrypted the files of some 200 clients. Biden said on Friday that he’s ordered an investigation into the […]

Web3 Cyber Threats Surge in 2024: Cyvers Report

G7 Leaders Ask Russia to Urgently Identify Those Who Abuse Cryptocurrency in Ransomware Attacks

G7 Leaders Ask Russia to Urgently Identify Those Who Abuse Cryptocurrency in Ransomware AttacksThe G7 leaders have called on Russia to urgently “identify, disrupt, and hold to account” ransomware hackers and those abusing cryptocurrency to launder ransoms. “We reiterate our interest in stable and predictable relations with Russia, and will continue to engage where there are areas of mutual interest,” the G7 leaders said. G7 Nations Ask Russia […]

Web3 Cyber Threats Surge in 2024: Cyvers Report