In the days between May 26 and June 1, Tornado Cash validators regained control, Tron patched a bug that could be exploited for $500 million, Binance said it will delist privacy coins in four European countries, Coinbase settled insider trading charges and Hong Kong police joined the metaverse.
Between May 19 and 25, a hacker took control of Tornado Cash and stole $1 million, plaintiffs in a Coinbase-bankrolled lawsuit pressed for summary judgment, attackers used crypto phishing as a service to steal $6 million, Trezor hot wallet was found to possibly be buggy and Celer patched a bug.
The BlueNoroff hacker group, which is associated with the North Korean military's Reconnaissance General Bureau, is using RustBucket malware to target macOS systems of users primarily in the United States and Asia - a tactic observed for the first time since the group began its operations.
Law enforcement and regulatory action over the past year in the United States most likely dissuaded hackers from stealing cryptocurrency, making the amount stolen in the first quarter of the year the lowest compared to each of the four quarters in 2022, TRM Labs said.
MiCA's consumer protection provisions extend to cybersecurity, with its anti-money laundering, cyberattack liability and travel rule clauses. ISMG contributors Ari Redbord of TRM Labs and Troy Leach of Cloud Security Alliance discuss its impact on cybercrime, compliance challenges and the way ahead.
In the days between May 11 and May 18, the Uranium Finance hacker laundered more stolen funds, LayerZero launched a $15 million bug bounty program, the European Union adopted comprehensive cryptocurrency legislation, and Ledger faced backlash on its seed phrase recovery solution.
A hacker made $34 million from MEV bot attacks, NYDFS penalized Bitflyer for lax cybersecurity, Ishan Wahi was sentenced in the Coinbase insider trading case, the IRS is training Ukraine in blockchain forensics and the New York AG proposed a crypto cybersecurity bill.
In the days between April 28 and May 4, the FBI and Ukrainian police seized nine virtual currency exchanges that serviced cybercriminals, Privacy Affairs noted the cost of hacked crypto accounts on darknet markets, and Level Finance suffered a $1 million hack.
Organizations with a security-by-design approach need to go beyond being reactive to a proactive, offensive strategy to strengthen their security posture, says Mrutyunjay Mahapatra, member board of directors and chairman of the audit committee at Reserve Bank Innovation Hub.
Between April 21 and 27, hackers stole $1.8 million from Merlin, $22,638 from Kucoin and $170,000 from Trust Wallet and attacked UniSat Wallet. The U.S. indicted two men for DPRK-linked money laundering, and a U.K. parliamentary panel heard plans to curb cybercrime with better crypto seizure skills.
The United Kingdom should augment its cryptocurrency asset seizure abilities as part of an effort to combat ransomware and other cybercrime, a parliamentary panel heard. The rate of seizures is not commensurate with the level of crypto adoption, said Aidan Larkin, CEO of Asset Reality.
A Chinese and a Hong Kong national are each under U.S. federal indictment for their roles in channeling cryptocurrency stolen by North Korean hackers into hard currency. Prosecutors also indicted a North Korean man for representing the sanctioned Korea Kwangson Banking Corp.
Threat actors are exploiting Kubernetes Role-Based Access Control in the wild to create backdoors and to run cryptocurrency miners. Researchers observed a recent campaign that targeted at least 60 Kubernetes clusters by deploying DaemonSets to hijack and steal resources from the victims' clusters.
In the latest weekly update, finance security expert Ari Redbord joins ISMG editors to discuss takeaways from the U.S. Treasury's 2023 DeFi Illicit Finance Risk Assessment, the state of blockchain analytics and where it is headed, and traction for FinCEN's Financial Action Task Force Travel Rule.
Between April 14 and 20, hackers stole $23 million from Bitrue, $7 million from Hundred Finance and $10.5 million from 11 blockchains. The SafeMoon hacker returned 80% of the stolen $8.9 million, MetaMask suffered a third-party breach and Kyber Network advised LPs to withdraw funds from Elastic.