Crypto Scam

US hospital faces a ransomware attack during the global pandemic.

The British IT security firm Sophos tweeted that Ryuk’s ransomware had targeted a United States-based healthcare provider. Hospitals are already facing intense pressure due to the ongoing global pandemic as the number of COVID 19 positive continue to increase exponentially.    Ransomware operators...

Malta authorities crack down on unlicensed crypto companies.

The Financial Services Authority in Malta had warned two crypto companies COINMALEX and Crypto Foxtrades that claimed that they are registered and licensed in Malta, but according to MFSA, those claims are false. Malta authorities issued a warning to...

USA accuses Venezuelan President Nicolas Maduro of using cryptocurrency for Narco-Terrorism

US Attorney General William Barr announced a series of direct charges against President Nicolas Maduro and the main leaders of the Venezuelan regime, such as Padrino Lopez, Diosdado Cabello, Tareck El Aissami, among others offering a series of rewards...

Two Canadian citizens sentenced to jail for running a bitcoin scam on Twitter.

The bitcoin scammers were found guilty of conspiring to commit wire fraud and money laundering using the leading cryptocurrency bitcoin. Karanjit Singh Khatkar and Jagroop Singh Khatkar were sentenced to 24 months in federal prison with three years of...

BitMEX came under an aggressive DDoS attack when it went offline last week, CTO confirms.

One of the world's leading derivatives cryptocurrency exchange BitMEX has been the topic of discussion since 12th March when the price of bitcoin dropped to as low as $3,600. The derivatives exchange went offline for around 25 minutes when...

North Korean hackers used fake IDs to circumvent KYC processes on crypto exchanges.

North Korea has been repeatedly accused of using cryptocurrencies to evade sanctions put on by the USA and the UN. On 2nd March, the Department of Justice charged Tian Yinyin and Li Jiadong with laundering over $100 in cryptocurrencies...

LocalBitcoins seller charged with conducting an unlicensed money transmitting business

Kenneth Rhule was charged after undercover agents exchanged over $140,000 in cash for bitcoin from him. Rhule was operating on the global peer-to-peer platform LocalBitcoins.com under the username "Gimacut93." LocalBitcoins.com acts as a bitcoin exchange with no middle party....

Belgium government is all set to auction off confiscated bitcoins

Wilson Auctions on Friday announced that they will hold an online auction of the crypto funds later this month. Bitcoin, Bitcoin Cash and Bitcoin Gold are among the cryptocurrencies that will be auctioned off by the Belgium officials. Wilson...

US wants control of 113 crypto accounts linked to North Korea

A suit filed in the federal court in Washington seeks the forfeiture of 113 crypto accounts that were used to steal more than $250 million from crypto exchanges in bitcoins and ether. Hackers from North Korea allegedly used phishing...

Over $140 million paid to ransomware operators in the last six years

The FBI revealed that after analyzing bitcoin wallets and ransom notes, they believe over $140 million were paid to ransomware operators in the last six years. Cybercriminals use ransomware attacks to encrypt the data of their victims and promise...

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Rising Coronavirus cases sends the Dow Jones and S&P 500 spiraling down

The rising number of Coronavirus cases among various states in the US is pretty scary. Data from the World...