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German Authorities Shut Down 47 Crypto Exchange Services in Cybercrime Crackdown

German Authorities Shut Down 47 Crypto Exchange Services in Cybercrime CrackdownGerman authorities have dismantled 47 exchange services involved in facilitating anonymous crypto transactions for criminal activities. These platforms bypassed anti-money laundering protocols, enabling cybercriminals to exchange digital currencies without identity verification. The takedown follows a series of other operations targeting major cybercrime networks. With seized user and transaction data, authorities are set to pursue further […]

Stablecoin Sector Shatters Records: $234B Milestone as USDC Cracks $60B for First Time

Crypto Ransomware Inflows Rise As Attackers Shift to Targeted, ‘Big Game Hunting’ Strategy: Chainalysis

Crypto Ransomware Inflows Rise As Attackers Shift to Targeted, ‘Big Game Hunting’ Strategy: Chainalysis

Market intelligence platform Chainalysis says losses from crypto theft and ransomware attacks have increased over the past year as attackers employ a new strategy to collect more from their victims. In a new report, Chainalysis says that stolen fund inflows nearly doubled from $857 million to $1.58 billion despite a general decline in illicit transactions. […]

The post Crypto Ransomware Inflows Rise As Attackers Shift to Targeted, ‘Big Game Hunting’ Strategy: Chainalysis appeared first on The Daily Hodl.

Stablecoin Sector Shatters Records: $234B Milestone as USDC Cracks $60B for First Time

Chainalysis alerts rise in crypto hacks and ransom in 2024

Cryptocurrency hackers have been returning to their roots to targeting centralized exchanges amid a spike in the Bitcoin price in 2024.

A new report indicates that while overall illicit transactions in cryptocurrency markets declined in 2024, certain types of crypto-related criminal activity rose.

Aggregate illicit activity in crypto has dropped 19.6% year-to-date (YTD), falling from $20.9 billion to $16.7 billion by July 2024, according to the first part of the mid-year crypto crime update by Chainalysis released on Aug. 15.

Chainalysis found that legitimate crypto activity has been growing faster than illicit activity onchain in 2024, particularly due to positive industry events like the adoption of spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) in the US.

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Stablecoin Sector Shatters Records: $234B Milestone as USDC Cracks $60B for First Time

‘Comrades in Crime’ – New Research Shows Russian-Speaking Actors Account for Most Ransomware Crypto Attacks

‘Comrades in Crime’ – New Research Shows Russian-Speaking Actors Account for Most Ransomware Crypto Attacks

New research from TRM Labs shows that Russian-speaking actors play the largest role in most crypto-related cybercrimes. According to a TRM Report, the crypto-enabled cybercrimes include darknet drug sales, illicit crypto exchange activity, and ransomware schemes. “Ransomware: Russian-speaking ransomware groups accounted for at least 69% of all crypto proceeds from ransomware in 2023, exceeding USD […]

The post ‘Comrades in Crime’ – New Research Shows Russian-Speaking Actors Account for Most Ransomware Crypto Attacks appeared first on The Daily Hodl.

Stablecoin Sector Shatters Records: $234B Milestone as USDC Cracks $60B for First Time

FBI Seizes Cryptocurrency Linked to North Korean Ransomware

FBI Seizes Cryptocurrency Linked to North Korean RansomwareA grand jury in Kansas City indicted North Korean national Rim Jong Hyok for his role in a conspiracy involving ransomware attacks on U.S. hospitals and healthcare providers. The group laundered cryptocurrency proceeds and used the funds for further cyber intrusions into global defense, technology, and government entities. The ransomware attacks disrupted patient care and […]

Stablecoin Sector Shatters Records: $234B Milestone as USDC Cracks $60B for First Time

2 Foreign Nationals Plead Guilty in Lockbit Ransomware Case

2 Foreign Nationals Plead Guilty in Lockbit Ransomware CaseTwo foreign nationals pleaded guilty in Newark federal court regarding their participation in the Lockbit ransomware organization, the U.S. Department of Justice (DOJ) revealed on Thursday. Russian citizen Ruslan Magomedovich Astamirov and Mikhail Vasiliev, a dual citizen of Canada and Russia, were identified as members of the Lockbit group. Active since January 2020, this group […]

Stablecoin Sector Shatters Records: $234B Milestone as USDC Cracks $60B for First Time

Tokyo-Based Crypto Exchange Coincheck to List on Nasdaq Through Merger

Tokyo-Based Crypto Exchange Coincheck to List on Nasdaq Through MergerCoincheck, a Japanese cryptocurrency exchange, has made a public filing to list Coincheck Group B.V. on Nasdaq through a De-SPAC transaction with Thunder Bridge Capital Partners IV Inc. This follows an earlier announcement from March 22, 2022, detailing plans by Monex Group Inc., Coincheck’s parent company, for the listing. After the listing, Coincheck will become […]

Stablecoin Sector Shatters Records: $234B Milestone as USDC Cracks $60B for First Time

US Sanctions Lockbit Leader in Ransomware Crackdown

Tokyo-Based Crypto Exchange Coincheck to List on Nasdaq Through MergerOn May 7, the U.S. announced sanctions against Dmitry Yuryevich Khoroshev, a key figure in the Lockbit ransomware group. The U.S., alongside international allies including the UK and Australia, has taken coordinated measures to curb the activities of this prominent cybercriminal group. Khoroshev, responsible for developing and deploying Lockbit ransomware, is now facing an indictment […]

Stablecoin Sector Shatters Records: $234B Milestone as USDC Cracks $60B for First Time

Bitcoin ransomware Akira drains $42M from more than 250 companies: FBI

The U.S. FBI found that the Akira ransomware group has been targeting businesses and critical infrastructure entities in North America, Europe and Australia since March 2023.

Akira, a year-old ransomware group, breached more than 250 organizations and extracted approximately $42 million in ransomware proceeds, top global cybersecurity agencies alerted.

Investigations conducted by the United States Federal Bureau of Investigation (FBI) found that Akira ransomware has been targeting businesses and critical infrastructure entities in North America, Europe and Australia since March 2023. While the ransomware initially targeted Windows systems, the FBI recently found Akira’s Linux variant as well.

The FBI, along with Cybersecurity and Infrastructure Security Agency (CISA), Europol’s European Cybercrime Centre (EC3) and the Netherlands’ National Cyber Security Centre (NCSC-NL), released a joint cybersecurity advisory (CSA) to “disseminate” the threat to masses.

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Stablecoin Sector Shatters Records: $234B Milestone as USDC Cracks $60B for First Time

US Government Sanctions Two Russian Nationals’ Crypto Wallets Related to Ransomeware Group LockBit

US Government Sanctions Two Russian Nationals’ Crypto Wallets Related to Ransomeware Group LockBit

The US government is sanctioning the crypto wallets believed to belong to two Russian nationals linked to the ransomware group LockBit. In a statement, the Treasury Department’s Office of Foreign Assets Control (OFAC) says that it has sanctioned several Bitcoin (BTC) and Ethereum (ETH) wallets linked to the group. According to a press release, the […]

The post US Government Sanctions Two Russian Nationals’ Crypto Wallets Related to Ransomeware Group LockBit appeared first on The Daily Hodl.

Stablecoin Sector Shatters Records: $234B Milestone as USDC Cracks $60B for First Time