Tag: hacking

  • Hacker Admits Guilt in SEC Social Media Breach Linked to False Bitcoin ETF Announcement

    In an increasingly digital age, where financial institutions and regulatory bodies operate heavily online, cyber security remains a critical concern. The case of Eric Council Jr. serves as a cautionary tale that underscores the vulnerabilities present within even the most robust financial systems. Council recently pleaded guilty to his involvement in the unauthorized access of…

  • Who is Andean Medjedovic, the Suspected $48M Hacker Behind KyberSwap?

    In recent developments within the decentralized finance (DeFi) sector, a significant incident has emerged involving Andean Medjedovic, a Canadian national. Medjedovic is alleged to be involved in a substantial exploit of the DeFi protocol known as KyberSwap, which reportedly resulted in a loss of approximately $48 million. This event highlights various critical dimensions of the…

  • Hackers Compromise X Accounts of Cryptocurrency Firms to Promote Fraudulent Tokens

    In recent months, the cryptocurrency landscape has been increasingly marred by a surge in phishing attacks, particularly noticeable on social media platforms such as X (formerly known as Twitter). These attacks exploit compromised user accounts, often belonging to influential figures in the crypto space, to distribute fraudulent tokens and malicious links to unsuspecting users. The…

  • US Republican Lawmakers Demand Treasury to Clarify Recent Cybersecurity Breach

    In recent developments, two prominent Republican lawmakers have expressed significant concern regarding a cybersecurity breach attributed to hackers with ties to the Chinese government. In a proactive step, they have formally requested a comprehensive briefing from the U.S. Treasury Department. This demand for clarity reflects not only the immediate urgency of the security issue at…

  • In 2024, North Korean Cybercriminals Looted Crypto Valued at Over $1.3B

    In recent years, North Korea’s state-sponsored hackers have demonstrated a concerning escalation in their cybercrime activities, particularly in the realm of cryptocurrency theft. The year 2024 witnessed a significant surge in these illicit actions, with reports indicating that North Korean hackers managed to abscond with an astounding $1.34 billion worth of various cryptocurrencies. This sum…

  • North Korean Hackers Allegedly Stole $1.3 Billion in Cryptocurrency in 2024, Reports Chainalysis

    In the dynamic landscape of cybersecurity and digital assets, the threat of malicious actors targeting organizations and individuals to steal cryptocurrencies has been a persistent concern. Recent reports have highlighted a worrying trend where hackers affiliated with a certain reclusive nation, frequently subjected to sanctions by the United States, have intensified their illicit activities in…