Singapore Police Warns Businesses of Ransomware Risk
In light of the Akira ransomware in Singapore, the police have advised businesses against paying ransom in case of a compromise and asked them to report the incident immediately. The Akira ransomware variant is rising, prompting Singaporean authorities to jointly advise local enterprises. Akira, the ransomware that inflicted $42 million in losses on more than […]
Zilliqa Version 2.0 to Enhance Speed, Cross-chain Compatibility
The highly anticipated version 2.0 upgrade has been officially published by the blockchain network Zilliqa and is scheduled to be deployed on the mainnet later in 2024. The network claims the new version will enhance the platform’s efficiency, speed, and compatibility with other blockchain networks. Features of Zilliqa 2.0 The sharding architecture, known as x-shards, […]
Sky Mavis Recovers $5.7M from Ronin Bridge Hack of 2022
Axie Infinity creator Sky Mavis disclosed it has successfully recovered $5.7 million from the infamous Ronin Bridge hack of 2022 with the support of Norwegian authorities. Norway’s central unit for combating economic and environmental crimes, “Økokrim,” froze and returned $5.7 million in funds from the Ronin Bridge breach on June 7, according to Sky Mavis. […]
NYAG Sues 2 Firms For $1B Crypto Fraud
Letitia James, the New York Attorney General (NYAG), has filed a lawsuit against two firms for orchestrating a billion-dollar pyramid scheme in a significant crackdown on crypto frauds. Letitia James has initiated legal proceedings against AWS Mining and NovaTech, alleging they are participating in substantial cryptocurrency fraud. The lawsuit alleges that the firms and their […]
Elliptic Report Shows AI-crypto Crime is Only Just Starting
An Elliptic report has revealed that the exploitation of AI for deep fake schemes, state-sponsored attacks, and other illicit crypto crimes is only in its beginning phase. The report references a disquieting advertisement for an “unethical” GPT on the dark web, which asserts that “AI has two faces, just like humans.” The report emphasizes the […]