article thumbnail

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.

article thumbnail

Over $600m cryptocurrency stolen in Cyber Attack

CyberSecurity Insiders

Hackers have stolen more than $600m cryptocurrency through a vulnerability in the systems of Blockchain site Poly Network. Note 2- Out of all Bitcoins, shortly called as BTC are turning highly lucrative to cyber crooks, as the currency value against dollar is highly volatile.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Attackers allegedly stole $69 million from cryptocurrency platform Phemex

Security Affairs

Crooks stole at least $69 million from Singapore-based cryptocurrency platform Phemex in an alleged cyberattack. On Thursday, researchers at the blockchain security firm PeckShield noticed a suspicious ‘outflow of large funds from the cryptocurrency platform. pic.twitter.com/qT71TJHXPJ — PeckShield Inc. worth of cryptos.

article thumbnail

Cryptocurrency Exchange BTC.com Suffers Massive Cyber Attack

Heimadal Security

The world’s largest cryptocurrency mining pool, BTC.com, announced it was the victim of a cyberattack that resulted in the theft of approximately $3 million worth of crypto assets. BTC.com is the seventh largest cryptocurrency mining pool, accounting for 2.66% of the network’s total hash rate, according to its mining pool tracker.

article thumbnail

WazirX Cryptocurrency Exchange Loses $230 Million in Major Security Breach

The Hacker News

Indian cryptocurrency exchange WazirX has confirmed that it was the target of a security breach that led to the theft of $230 million in cryptocurrency assets. "A A cyber attack occurred in one of our [multi-signature] wallets involving a loss of funds exceeding $230 million," the company said in a statement.

article thumbnail

Cyber Attack on Bureau Veritas

CyberSecurity Insiders

The digital operations of the multinational company Bureau Veritas(BV) was brought to a halt when hackers launched a cyber attack on the IT infrastructure of the company that offers lab testing, inspection and certification services. The post Cyber Attack on Bureau Veritas appeared first on Cybersecurity Insiders.

article thumbnail

United States charges 3 North Koreans for Global Cyber Attacks

CyberSecurity Insiders

The United States Department of Justice has charged 3 North Korean for allegedly launching cyber attacks on many of the banking and cryptocurrency networks operating across the world. attack aka Not Petya ransomware attack. billion in cash and digital currency from entities operating across the world.