DHS Prevented Over 500 Crypto Ransomware Attacks in 3 Years
According to the US Department of Homeland Security investigators, they have prevented hundreds of ransomware cyberattacks and confiscated billions of extorted crypto since 2021. Mike Prado, the deputy assistant director of the Homeland Security Investigations (HIS) Cyber Crimes Center, informed Bloomberg in an Oct. 4 report that United States government agencies were the primary targets, […]
September Sees $46M Loss to Crypto Phishing Scams
Q3 of 2024 saw the theft of over $127 million in cryptocurrencies from investors due to phishing attacks, with September alone losing approximately $46 million. A phishing attack affected approximately 10,800 victims in September, according to Scam Sniffer, a security firm affiliated with Web3. The largest loss was reported on September 28, when a phishing […]
Fed Appeals Court Reopen AT&T $24M Crypto Hack Lawsuit
The appeals court reinstated the $24M crypto hack claim of an AT&T customer under the Federal Communications Act following a SIM exchange hack. A panel of the Ninth Circuit Court of Appeals has reinstated a major claim in the lawsuits initiated by cryptocurrency investor Michael Terpin against AT&T . Terpin alleges that AT&T allowed hackers […]
FBI Recovers $6M from Crypto Scammers Targeting US Citizens
Authorities have confiscated over $6 million in crypto from wallets associated with Southeast Asia-based Crypto scammers. The US Attorney’s Office for the District of Columbia reported on Sept. 26 that the deception resulted in “one or more individuals” losing millions of dollars after believing they were investing in legitimate crypto enterprises. The FBI traced the […]
Crypto Lender Shezmu Recovers Hacked Funds via Negotiation
Shezmu negotiated with a hacker to retrieve over $5 million in stolen crypto and increase the bounty. Utilizing the Yield Protocol, Shezmu recovered nearly $5 million in stolen funds within hours after successfully negotiating with the hacker. On September 21, Chaofan Shou, co-founder of blockchain analytics firm Fuzzland, alerted the public to a compromised storage […]