Fraud

3 Alleged North Korean Hacker Groups Sanctioned By the U.S.

3 Alleged North Korean Hacker Groups Sanctioned By the U.S.

  • The Lazarus Group, Bluenoroff and Andariel have alegedly been responsible for hacking five exchanges in Asia between 2017 and 2018.
  • As a result of the sanctions, all assets owned by the hacking groups have been blocked, and must be reported to the Office of Foreign Assets Control (OFAC).
North Korea Denies Stealing $2 Billion Through Crypto Exchanges and Bank Hacks

North Korea Denies Stealing $2 Billion Through Crypto Exchanges & Banks

  • North Korea has denied the accusations and has claimed that the U.S. and "other hostile forces" have been spreading "ill-hearted rumors".
  • The DPRK statement is in response to a report presented to the U.N., claiming use of hacks with the purpose to raise funds for a WMD program.
Fortnite Aimbot Cheat is in Fact a Crypto-Stealing Ransomware

Fortnite Aimbot Cheat is in Fact a Crypto-Stealing Ransomware

  • When run, the cheat starts to encrypt the files on the player's hard drive and then deletes them if a ransom in crypto is not paid.
  • Researchers have already found two methods that can be used to decrypt affected files, without paying the crypto ransom.
Binance is Investigating a False "KYC Leak"

Binance is Investigating a False “KYC Leak”

  • An unidentified individual has requested 300 BTC from Binance in exchange for withholding 10,000 photos that bear similarity to some of its KYC data.
  • The individual later leaked some images through a Telegram group, but they did not contain the digital watermark imprinted by Binance's system.
Elliptic Publishes Data Set to Help Identify Crypto Money Laundering

Elliptic Publishes Data Set to Help Identify Crypto Money Laundering

  • The Elliptic Data Set was published in collaboration with researchers from MIT, and consists of 200,000 Bitcoin (BTC) transactions with a total value of $6 billion.
  • It was created to determine if artificial intelligence could assist current anti-money laundering (AML) procedures, and reduce compliance costs.
50,000 Affected Users to be Reimbursed in Crypto by BITPoint Exchange

50,000 Affected Users to be Reimbursed in Crypto by Bitpoint Exchange

  • The exhcnage has prepared 2.06 billion yen ($20 million) worth of cryptocurrencies for a refund.
  • Recently published document revealed that the hacker took off with 1,225 BTC, 1,985 BCH, 11,169 ETH, 5,108 LTC, and 28,106 XRP.
Japanese Exchange Bitpoint Suspends Services After a Hack

Japanese Exchange Bitpoint Suspends Services After a Hack

  • 3.5 billion yen worth of cryptocurrencies were stolen, 2.5 of them belonged to customers.
  • The hot wallet that was drained was holding BTC, BCH, XRP, ETH and LTC.
Chinese Ponzi Scheme Defrauds Hundreds of Thousands, Victims Blame Tron and Justin Sun

Chinese Ponzi Scheme Defrauds Hundreds of Thousands, Victims Blame Tron and Justin Sun

  • Scammers who previously claimed association with Tron have disappeared with around $30,000,000 worth of investor's money.
  • Defrauded investors are blaming Justin Sun for his lack of dissociation with the scam.
Couple Loses Tens of Thousands in a Bitcoin Investment Scam

Couple Loses Tens of Thousands in a Bitcoin Investment Scam

  • After initial success, the Yeomans family lost everything in the scam.
  • Crypto scams are getting more and more complex and harder to avoid.
A hacker in front of a computer in a dark setting

Another Crypto Exchange Hacked, This Time for $4.2 Million

  • Bitrue has been transparent about the situation, calming users that their funds will be restored.
  • $4.2 million worth of XRP and ADA were stolen, authorities have been notified and are trying to identify the perpetrator.