Cybersecurity
The cybersecurity market could exceed $151 billion by between 2020 and 2023. Blockchain technology and cryptocurrencies are essential tools in this ecosystem. It's important to keep up with the news and understand the ins and outs of this industry. Stay informed here.
Sun 10 Oct 2021 ▪ 10h29 ▪
3 min read ▪
by
James Taylor
The FBI has joined forces with the Israeli police to detain twenty-six individuals who were allegedly part of a crypto fraud scheme. Although the operation took place in Tel Aviv, the criminals are believed to have scammed more than £2 million pounds out of victims abroad. Detaining the criminals According…
Thu 07 Oct 2021 ▪ 12h05 ▪
3 min read ▪
by
Rudy Bauer
The US Department of Justice this week announced the formation of an enforcement unit to tackle cryptocurrency fraud. US DOJ sets up national cryptocurrency enforcement team US Deputy Attorney General Lisa Monaco announced the decision on Wednesday at a cyber summit in Aspen. In a statement, she said she wanted…
Wed 06 Oct 2021 ▪ 16h56 ▪
4 min read ▪
by
Katie Donaldson
798 Ethereum (ETH) has gone missing along with the creator of the Evolved Apes non-fungible token (NFT) collection. User Evil Ape shut down the Evolved Apes website and its Twitter account. Anonymous developer’s disappearance The reportedly stolen $2.7 million (~£2 million) covered both the money released from the initial…
Sat 02 Oct 2021 ▪ 12h58 ▪
3 min read ▪
by
Hugh Renolds
The popular cryptocurrency platform Coinbase has recently been hacked, affecting about six thousand users. The hackers were able to bypass two-step verification using SMS and eventually withdraw significant amounts of funds. The platform will reimburse the stolen funds According to CoinGape, representatives of the platform sent out emails to…
Fri 01 Oct 2021 ▪ 17h49 ▪
4 min read ▪
by
James Taylor
On 30th September, The Block reported that a 17-year-old digital artist held a fake non-fungible token (NFT) pre-sale on the Solana blockchain and then disappeared with all the money. Emojis for $144,000 As part of their Iconics project, the artist promised to create a collection of 8000 NFTs. The…
Thu 30 Sep 2021 ▪ 17h05 ▪
3 min read ▪
by
James Taylor
Kraken Security Labs, the cybersecurity arm of Kraken crypto exchange, has pointed out several vulnerabilities in the widely used Bitcoin General Bytes BATMtwo ATMs. According to developers, the vulnerability of the ATM system may allow fraudsters easy access to it. The statement appeared on Kraken’s blog on 29th September. Kraken’s…
Thu 23 Sep 2021 ▪ 16h08 ▪
3 min read ▪
by
Susan McCormack
Binance has supported the US authorities’ decision to sanction the Suex Bitcoin exchange. On 23 September, Binance Holdings Ltd. Founder Changpeng Zhao shared some details of the Suex case in Twitter. Suex: money laundering tool Suex offers purchasing cryptocurrency via Visa and Mastercard, as well as converting…
Wed 22 Sep 2021 ▪ 13h01 ▪
4 min read ▪
by
Katie Donaldson
The US Government announced Tuesday, 21st September, it will sanction crypto exchange Suex for its alleged role in laundering ransoms for cyberattacks. This is an unprecedented move supposed to deter future cyber-extortion attacks by disrupting their primary means of profit. Fight with ransomware groups continues The Treasury Department announced…
Mon 20 Sep 2021 ▪ 15h36 ▪
3 min read ▪
by
Katie Donaldson
An attacker was able to leverage a bug in the codebase of pNetwork, a cross-chain decentralised finance (DeFi) platform, which lost roughly 277 Bitcoin (BTC) (~£9.3 million) in the attack. The network lost over 15% of its market cap. According to the company’s Twitter, the hacker went after tokenised Bitcoin…
Sun 19 Sep 2021 ▪ 16h39 ▪
4 min read ▪
by
Susan McCormack
Coinbase has sealed a £1 million deal with the US Immigration and Customs Enforcement (ICE). Now the ICE will use Coinbase’s blockchain analytics software for its purposes (undisclosed). Big Brother is watching The deal signed between Coinbase and the US Department of Homeland Security allows the US government to use…
