A 45-year-old man is facing serious charges in Greece after being identified in a cryptocurrency theft case involving 53,825 euros. According to the Cyber Crime Unit, the suspect allegedly hacked into a Greek citizen’s email and cryptocurrency accounts, executing three unauthorized transactions to wallets he controlled. The investigation began when the victim reported the breach, ...
A 22-year-old Canadian hacker, Andean Medjedovic, is wanted for allegedly stealing $48.8 million in cryptocurrency from the DeFi protocol KyberSwap. According to a recent indictment from the U.S. Attorney’s Office, he exploited vulnerabilities in KyberSwap’s code in 2023 by manipulating liquidity pools and executing specific trades to create what he referred to as a “glitch.” ...
The U.S. Justice Department has charged a Canadian man for stealing around $65 million by exploiting vulnerabilities in decentralized finance (DeFi) platforms. At just 22 years old, Andean Medjedovic allegedly used loopholes in the smart contracts of KyberSwap and Indexed Finance, draining nearly $65 million from various liquidity pools on the Ethereum network. After his ...
Cryptocurrency platform Phemex, based in Singapore, recently suffered a cyberattack that resulted in the theft of approximately $69 million. Following the breach, CEO Federico Variola announced that operations had been paused while the team began restoring withdrawals, implementing manual reviews for all requests. Security firm PeckShield reported the incident, noting a suspicious outflow of funds. ...
A hacker group linked to North Korea, called TraderTraitor, stole approximately 48.2 billion yen, or about $307 million, from the Tokyo-based cryptocurrency exchange DMM Bitcoin Co. in May. Japanese police, along with the U.S. Department of Defense and FBI, identified the group and traced the stolen bitcoin to them. An investigation revealed that a DMM ...
A hacker group linked to North Korea, known as TraderTraitor, stole 48.2 billion yen (about $307 million) from the Tokyo-based cryptocurrency exchange DMM Bitcoin Co. in May. The investigation, involving the Japanese police and the U.S. Department of Defense, revealed that the hackers used malware to breach the exchange’s wallet management system. DMM Bitcoin has ...
South Korea and the United States are teaming up to combat cryptocurrency theft, especially amid threats from North Korea-linked hackers. They’ve recently signed an agreement to collaborate on developing technologies that can prevent attacks and track stolen digital assets. This initiative, backed by South Korea’s science ministry, will last until 2026 and involves researchers from ...
North Korean groups have stolen a record $1.34 billion through cryptocurrency hacks in 2024, which is more than double the amount stolen last year. This surge highlights how crucial cybercrime has become for funding North Korea’s nuclear and missile programs, with estimates suggesting that around a third of their missile funding comes from these criminal ...
In Scottsdale, AZ, a man named Nuruhessin Hussein is accused of pretending to be an Uber driver and stealing over $290,000 in cryptocurrency from unsuspecting victims. The scheme began on March 31, 2024, when Hussein approached a victim waiting for their ride, borrowed their phone for directions, and transferred nearly $97,000 in cryptocurrency to his ...
A special agent for the U.S. Secret Service in Phoenix, 32-year-old Anthony Joseph Evans, has pleaded guilty to stealing cryptocurrency from an evidence vault. He faces a maximum of one year in prison and will need to pay restitution. In early 2022, Evans accessed a hard wallet containing cryptocurrency worth about $56,000 and transferred it ...
