FTX says $415 million lost in hack

According to the BBC, collapsed cryptocurrency exchange FTX says that around $415m (£338m) of crypto has been stolen by hackers. About $323m was hacked from its international exchange and $90m from its US platform since the firm filed for bankruptcy, FTX’s CEO says.FTX co-founder Sam Bankman-Fried has been accused of stealing billions of dollars from … More FTX says $415 million lost in hack

Crypto mixers: What are they and how are they used?

How crypto mixers, also known as crypto tumblers, are used to obscure the trail of digital money. Coined during Al Capone’s times, the term ”money laundering” has since entered the general lexicon as criminals have been busy obscuring the source of their ill-gotten assets and making it appear as if the funds have come from … More Crypto mixers: What are they and how are they used?

The flip side of the coin: Why crypto is catnip for criminals

Cybercriminals continue to mine for opportunities in the crypto space – here’s what you should know about coin-mining hacks and crypto theft. Wherever you look these days, cryptocurrencies are in the news. And it’s not just because of the recent slump in their prices. Everybody seems to have grabbed a slice of the crypto pie … More The flip side of the coin: Why crypto is catnip for criminals

ESET Research discovers scheme to steal cryptocurrency from Android and iPhone users

The attackers distributed malicious apps via fake and legitimate sites, and Telegram and Facebook groups. This sophisticated malicious cryptocurrency scheme targets mobile devices using Android or iOS operating systems (iPhones). The malicious apps were distributed through fake websites, mimicking legitimate wallet services and promoted with ads placed on legitimate sites using misleading articles, and via … More ESET Research discovers scheme to steal cryptocurrency from Android and iPhone users

Cryptocurrency scams: What to know and how to protect yourself

As you attempt to strike it rich in the digital gold rush, make sure you know how to recognize various schemes that want to part you from your digital coins. The world seems to have gone ‘crypto-mad’. Digital currencies like bitcoin, Monero, Ethereum and Dogecoin are all over the internet. Their soaring value promises big … More Cryptocurrency scams: What to know and how to protect yourself