article thumbnail

Two Russians Charged in $17M Cryptocurrency Phishing Spree

Krebs on Security

authorities today announced criminal charges and financial sanctions against two Russian men accused of stealing nearly $17 million worth of virtual currencies in a series of phishing attacks throughout 2017 and 2018 that spoofed websites for some of the most popular cryptocurrency exchanges. Separately, the U.S.

article thumbnail

Decarbonizing Cryptocurrencies through Taxation

Schneier on Security

Maintaining bitcoin and other cryptocurrencies causes about 0.3 As many cryptocurrencies crash and the FTX bankruptcy moves into the litigation stage, regulators are likely to scrutinize the cryptocurrency world more than ever before. The good news is that cryptocurrencies don’t have to be carbon intensive.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Feds Charge Five Men in ‘Scattered Spider’ Roundup

Krebs on Security

That Joeleoli moniker registered on the cybercrime forum OGusers in 2018 with the email address joelebruh@gmail.com , which also was used to register accounts at several websites for a Joel Evans from North Carolina. According to prosecutors, the group mainly sought to steal cryptocurrency from victim companies and their employees.

article thumbnail

Man Robbed of 16 Bitcoin Sues Young Thieves’ Parents

Krebs on Security

In 2018, Andrew Schober was digitally mugged for approximately $1 million worth of bitcoin. In a lawsuit filed in Colorado, Schober said the sudden disappearance of his funds in January 2018 prompted him to spend more than $10,000 hiring experts in the field of tracing cryptocurrency transactions. universities).

article thumbnail

NY Man Pleads Guilty in $20 Million SIM Swap Theft

Krebs on Security

A 24-year-old New York man who bragged about helping to steal more than $20 million worth of cryptocurrency from a technology executive has pleaded guilty to conspiracy to commit wire fraud. Following the theft, Terpin filed a civil lawsuit against Truglia with the Los Angeles Superior court.

article thumbnail

Experts Fear Crooks are Cracking Keys Stolen in LastPass Breach

Krebs on Security

Since then, a steady trickle of six-figure cryptocurrency heists targeting security-conscious people throughout the tech industry has led some security experts to conclude that crooks likely have succeeded at cracking open some of the stolen LastPass vaults. “The victim profile remains the most striking thing,” Monahan wrote.

article thumbnail

US officials charge two Chinese men for laundering cryptocurrency for North Korea

Security Affairs

The Department of Justice has charged the two Chinese nationals for laundering cryptocurrency for North Korea-linked APT groups. for helping North Korea-linked hackers in laundering cryptocurrency. The cryptocurrency have been stolen by the APT groups from two cryptocurrency exchanges. and Li Jiadong (???),