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DHS says it thwarted more than 500 crypto ransom attacks in 3 years

The US Department of Homeland Security reported that it has disrupted hundreds of ransom attacks since its formation in 2021.

United States Department of Homeland Security investigators say they’ve thwarted hundreds of ransomware cyberattacks, often before they occurred, and have seized billions of extorted crypto since 2021.

US agencies were the top targets, accounting for 21% of the disrupted hacks, more than any business sector, Mike Prado, the deputy assistant director of the Homeland Security Investigations (HSI) Cyber Crimes Center, told Bloomberg in an Oct. 4 report.

The division has disrupted 537 ransomware attacks since it was formed in 2021 and has traced and seized $4.3 billion worth of crypto from exchanges and hackers’ devices that had been stolen through extortion payments.

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Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols

BingX confirms the resumption of withdrawal services following hack

Monetary losses from the BingX hack were initially reported as totaling $26 million, but the figure has since swelled to $52 million.

BingX — a popular cryptocurrency exchange — has announced that withdrawal services on the platform will resume on Sept. 21, 2024, for certain digital assets.

According to the exchange's announcement, withdrawals for Tether's US dollar stablecoin (USDT), Circle's US dollar stablecoin (USDC), Bitcoin (BTC), Ethereum (ETH), Tron (TRX), and Solana (SOL) will resume first followed by withdrawal services for other tokens and digital assets over the next two weeks.

The exchange notified customers that deposit services would likewise resume in the next several weeks and told clients that withdrawal requests submitted before the disruption of withdrawal services have been canceled and must be resubmitted.

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Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols