North Korean hackers stole $1.7 billion in cryptocurrency during 2022, most of it from decentralized finance platforms, Chainalysis finds. North Korean hackers are "systematic and sophisticated" in hacking and laundering stolen funds, and the nation supports cryptocurrency-enabled crime.
The Dutch central bank fined Coinbase 3.3 million euros, saying the U.S. cryptocurrency exchange failed to comply with the national anti-money laundering statute. Since May 2020, Dutch law has required crypto companies operating in the Netherlands to register as money transmitters.
North Korea's Lazarus Group was behind the $100 million theft from the Horizon blockchain bridge, the U.S. federal government confirmed. The FBI vowed "to expose and combat North Korea's use of illicit activities - including cybercrime and virtual currency theft - to generate revenue."
Spanish authorities arrested three senior executives of the now-defunct cryptocurrency exchange platform Bitzlato, Europol announced. The crime coordination agency says about 46% of the assets exchanged through Bitzlato, worth roughly 1 billion euros, were linked to criminal activities.
Cryptocurrency wallet BitKeep says it will compensate victims of a December 2022 hack that cost the users $8 million. The wallet says it will pay victims in USDT stablecoin to counter asset fluctuation. This isn't the first time BitKeep has made customers whole following a hack.
U.S. regulators filed a civil lawsuit against accused Mango Markets manipulator Avraham Eisenberg, who already faces criminal prosecution for allegedly stealing $114 million. The Commodity Futures Trading Commission suit is the agency's first action against an oracle price manipulation strategy.
U.S. banking regulators warned banks to be wary of cryptocurrencies, writing in a joint statement that digital assets on decentralized networks are "highly likely to be inconsistent with safe and sound banking requirements." The missive comes after a volatile year for cryptocurrency.
Former cryptocurrency billionaire Sam Bankman-Fried entered a "not guilty" plea in Manhattan federal district court Tuesday. He faces up to 115 years in prison if found guilty on all counts. Bankman-Fried has been out on $250 million bail in home detention with his parents in California.
As FTX's bankruptcy proceedings continue, customers of the cryptocurrency exchange have filed a lawsuit against its former leadership, contending that they violated "customer agreements" and that customers' missing assets should be prioritized over all claims filed by creditors.
The theft of nearly $400 million from cryptocurrency platform FTX hours after it went belly up is now the subject of an investigation by the U.S. Department of Justice, Bloomberg reports. The criminal case is separate from the criminal fraud prosecution of co-founder Sam Bankman-Fried.
Information Security Media Group asked some of the industry's leading cybersecurity experts about the trends to watch in 2023. Responses covered a variety of emerging threats and evolving trends affecting security technologies, leadership and regulation. Here is a look at the year ahead.
A salute to the career of Johnson & Johnson CISO Marene Allison leads this week's Information Security Media Group Editors' Panel, which also reviews essentials for implementing a zero trust strategy and the use of banking standards to regulate blockchain-based digital assets.
The founder of bankrupt cryptocurrency exchange FTX, Sam Bankman-Fried, has been arrested by police in the Bahamas, the day before he was due to remotely testify before Congress. Bahamian officials say he faces a "likely" extradition request from the U.S., which has filed charges against him.
A British judge ordered cryptocurrency trading platforms to divulge the identities of account holders accused of holding funds stolen from an English digital assets exchange. A change in civil procedure makes it easier for English judges to subpoena foreign entities in cases of financial fraud.
The latest edition of the ISMG Security Report discusses how the profits of ransomware group Zeppelin have been smashed by security researchers, FTX again highlighting the risks of trading cryptocurrencies, and vendor Extrahop's newly appointed, high-profile president.