Fraud

U.N. Alleges North Korea Laundered Cryptocurrency to Evade Sanctions

  • The discovery was made when the U.N. conducted an investigation into the ways North Korea evades sanctions.
  • The scheme used over 5,000 transactions in multiple countries to make the laundering "difficult to track".
Allee des Nations (Avenue of Nations) of the United Nations Palace in Geneva, with the flags of the member countries, December 17, 2017. Penn Today

  • The discovery was made when the U.N. conducted an investigation into the ways North Korea evades sanctions.
  • The scheme used over 5,000 transactions in multiple countries to make the laundering "difficult to track".
Judge's gravel and books. Freepik

Crypto Capital Executive Indicted in NY Court

  • Oz Yosef has been indicted for conspiracy to commit bank fraud, bank fraud, and conspiracy to operate an unlicensed money transmitting business.
  • The company's president, Ivan Manuel Molina Lee, has also been extradited to Poland on money laundering charges and suspicion of being part of an international drug cartel.
Cover image with the Tor Project logo. Tor Project

Fake Tor Browser Has Been Stealing Bitcoin For Years

  • The hackers used two websites to promote an "official Russian language version of the Tor Browser".
  • Even though the compromised version of the Tor Browser has been on the market for years, it has reportedly stolen only around 4.8 BTC.
Person loses wallet on the street. Freepik

Algo Capital Hacked, Lose up to $2M as Ex-CTO Takes Full Responsibility

  • Friday's hack on Pablo Yabo's phone resulted in Algo Capital loosing between $1 million and $2 million in Tether (USDT) and Algorand (ALGO).
  • Yabo has taken full responsibility for the incident, vowing to personally cover most of the stolen funds.

Head of Crypto Escrow Service Charged With $7 Million Bitcoin Fraud

  • Jon Barry Thompson has been accused of committing two counts of wire and commodities fraud offenses by the U.S. Attorney's Office.
  • Thompson also faces civil charges by the CFTC for "knowingly or recklessly making false representations to customers".

New Malware Uses Telegram to Swap Wallets Addresses on Clipboard

  • The "Masad Clipper and Stealer" clipping option currently supports a number of cryptocurrencies, such as BTC, ETH, XRP, BCH, LTC, and others.
  • The new spyware also sends your browsing data to a Telegram bot, which is then used to send commands back to the program.

Binance Assisted British Police in Investigating $50 Million Fraud

  • The cryptocurrency exchange helped the Cyber Crime Unit of the UK’s Police investigate a cybercriminal who developed and sold phishing scripts.
  • It was estimated that around 500,000 people were affected and that the phishing scripts helped other criminals acquire around $51 million.

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 & 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

  • 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”

  • 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

  • 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

  • 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

  • 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.