Items tagged with cryptocurrency

TA444 is an advanced persistent threat (APT) group believed to be associated with the North Korean government. However, rather than receiving financial backing from its government, the group seems to bring in revenue for the government. Unlike most state-backed APTs, such as China’s Aoqin Dragon or Iran’s Charming... Read more...
This past July, we wrote about a report published by Coverware that found that the dollar value of the median ransomware payment was on a downward trajectory beginning in Q1 2022 and continuing in Q2 of the same year. However, we weren’t sure whether this decrease in the value of individual payments would reflect in... Read more...
BIT Mining Limited has published a news release disclosing that the cryptocurrency mining pool run by its subsidiary, BTC.com, suffered a cyberattack earlier this month on December 3. In the course of the attack, threat actors stole cryptocurrency valuing approximately $3 million in total. BIT Mining has informed... Read more...
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, published a blog post this week warning about phishing campaigns targeting its customers. These phishing campaigns are likely related to a previously undisclosed data breach that exposed the email addresses of the exchange’s 5.7 million customers... Read more...
This week, the United States Department of Justice (DOJ) announced the seizure of seven domain names that cybercriminals used to carry out a cryptocurrency scam. The scam in question is known as a “pig butchering” scheme, as the scammers metaphorically led their victims to the slaughter. In these sorts of schemes, the... Read more...
Just one year ago, Bitcoin's value was in the stratosphere at a whopping $65,000 per coin. A series of market-shifting exchange collapses have now dragged prices down to barely over $15,000, erasing years of gains and threatening further liquidity issues that could cripple still more cryptocurrency firms. The... Read more...
NVIDIA disclosed its financial results for its third quarter of fiscal 2023, and revealed within its earnings report is a 17 percent year-over-year decline in revenue to $5.93 billion. That's also a 12 percent drop sequentially. Much of that can be attributed to "lower GPU sales for both desktops and laptops," which... Read more...
In the last few years, the terms ‘metaverse’, ‘blockchain’, and ‘NFT’ have become buzzwords that bring certain things to mind. However, a game called Artyfact is trying to bring all those concepts together and change people’s perceptions for the better, perhaps. Built on Unreal Engine 5, Artyfact is a new... Read more...
On Monday, the US Department of Justice (DOJ) revealed that Internal Revenue Service – Criminal Investigation (IRS-CI) Special Agents raided James Zhong’s house in Gainesville, Georgia back in November 2021. The raid, which was authorized by a search warrant, resulted in the seizure of 50,676 Bitcoin. After... Read more...
Researchers at Aqua Security have discovered cyberattacks that appear to have been conducted by TeamTNT, a threat actor previously thought to be defunct. The researchers encountered three different attacks, each of which looks to be new. One of these attacks, which the researchers have dubbed the “Kangaroo attack,” is... Read more...
Financial regulators in the US have been reluctant to come down on cryptocurrency for fear of stifling innovation, but there's nothing innovative about Forsage. The Securities and Exchange Commission (SEC) has filed charges against 11 individuals for running and promoting Forsage, which the SEC says is a "textbook... Read more...
Ransomware can be both disruptive and costly for its victims. A recent report found that the total downtime resulting from ransomware attacks in 2021 cost schools a whopping $3.56 billion. The sudden encryption of data on computer systems critical to an organization’s regular operations presents a major problem when... Read more...
In a blog post, Coinbase offered a strong rebuttal to the Securities and Exchange Commission (SEC) filing the first-ever cryptocurrency insider trading charges against one of its former employees. As part of that lawsuit, US prosecutors allege that Ishan Wahi, a former product manager at Coinbase, illegally shared... Read more...
The world of NFTs has encroached the realm of Minecraft, and devs are not happy about it. In an attempt to provide players with a safe and inclusive experience, Mojang has decided to not allow blockchain technologies in its popular world-building game. As NFTs have grown in both popularity and use, companies have... Read more...
Ethereum has fallen nearly 40 percent over the past month, and is down more than 76 percent from its all-time high. And there's also the delayed shift from a proof-of-work to a proof-of-stake model that will drastically affect the mining game for the world's largest altcoin. But like a mining honey badger, Bitmain... Read more...
The Shack is back on Twitter promoting its crypto and NFTs in an NFSW kind of way, and reactions are mixed. The 100-year old tech retailer decided to reimagine itself, following decades of decline, bankruptcy and being delisted by New York Stock Exchange in 2015. It isn't unusual to find companies on social media... Read more...
Back in early April, Intel unveiled its new Blockscale ASIC, which promised strong performance for proof-of-work consensus networks. Its move into blockchain is a relatively recent endeavor for Intel, but is perfectly in character for a company with a long history of entering new markets. As regular readers are no... Read more...
Startup blockchain company Harmony has posted a $1 million bounty reward on Twitter for the return of stolen crypto funds. The company says it will advocate for no criminal charges if the $100 million in stolen Horizon bridge funds are returned. Cyber criminals employ different methods for stealing funds from... Read more...
As anyone could have predicted, cryptocurrency miners are looking to unload their used GPUs now that it may no longer be profitable to mine Ethereum and other blockchain assets. Before you buy a card at a potentially steep discount, though, be aware that you might not end up getting what you thought you were... Read more...
If you're thinking about mining Ethereum as a side hustle, you should probably shelve the idea for the time being because, for the most part, it's not currently profitable. There are exceptions (and caveats), but for the average user, it could end up costing more to mine Ethereum in electricity costs alone following a... Read more...
Last week, the US Federal Trade Commission (FTC) published a report according to which cryptocurrency scammers have swindled Americans out of over $1 billion since 2021. Cryptocurrency scams are rampant on social media sites, as well as messaging apps like Telegram. The scams often trade on the names of... Read more...
Bitcoin and other cryptocurrencies took another hit after Celsius, one of the leading crypto lending firms, announced it is pausing all withdrawals and transfers "due to extreme market conditions." After the announcement, Bitcoin slid to below $25,000, dipping more than 12 percent on Monday to below $24,000. That's... Read more...
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