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How Cryptocurrency Turns to Cash in Russian Banks

Krebs on Security

A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. A machine-translated version of Flymoney, one of dozens of cryptocurrency exchanges apparently nested at Cryptomus.

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Criminal Gang Physically Assaulting People for Their Cryptocurrency

Schneier on Security

This is pretty horrific : …a group of men behind a violent crime spree designed to compel victims to hand over access to their cryptocurrency savings. Felix focused largely on a single theft of cryptocurrency from an elderly North Carolina couple, whose home St. Yet another reason to stay away from them.

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FBI Seizes Stolen Cryptocurrencies

Schneier on Security

The Wall Street Journal is reporting that the FBI has recovered over $30 million in cryptocurrency stolen by North Korean hackers earlier this year. These addresses can be created quickly without them being linked to a cryptocurrency company that could freeze the funds.

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Lazarus APT stole $1.5B from Bybit, it is the largest cryptocurrency heist ever

Security Affairs

worth of cryptocurrency from one of the companys offline wallets. The Bybit hack is the largest cryptocurrency heist ever, surpassing previous ones like Ronin Network ($625M), Poly Network ($611M), and BNB Bridge ($566M). Crypto exchange Bybitwas the victim of a sophisticated attack, and threat actors stole $1.5B

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

Cryptocurrency and non-fungible tokens (NFTs) - what are they and why should you care? With 20% of Americans owning cryptocurrencies, speaking "fluent crypto" in the financial sector ensures you are prepared to discuss growth and risk management strategies when the topic arises.

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Cybercrime Rapper Sues Bank over Fraud Investigation

Krebs on Security

That story showed how Punchmade’s social media profiles promoted Punchmade-themed online stores selling bank account and payment card data. On June 26, Turner filed a pro se lawsuit against PNC Bank , alleging “unlawful discriminatory and tortuous action” after he was denied a wire transfer in the amount of $75,000.

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How The FBI Seized Bitcoin from Colonial Pipeline Hackers – Does Law Enforcement Have More Control Over Cryptocurrencies Than People Believe?

Joseph Steinberg

The post How The FBI Seized Bitcoin from Colonial Pipeline Hackers – Does Law Enforcement Have More Control Over Cryptocurrencies Than People Believe? Seizing can also be done through other methods – all of which typically require knowing the private key of the origination address.).