Cryptocurrency

Russian Crypto: Why Secret Service Seized Garantex

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Russian Crypto: Why Secret Service Seized Garantex

Image: United States Department of Justice The U.S. Secret Service has seized the website of Russian cryptocurrency exchange Garantex, marking a major international crackdown on a platform accused of helping criminals launder billions of dollars in illicit money. In a joint operation involving law enforcement from the U.S., Germany, Finland, Estonia, and other European countries, Garantex’s domains — Garantex.org, Garantex.io, and Garantex.academy — were taken offline and now display a takedown notice from the Secret…

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Save 70% on a Course Showing You How to Invest in Crypto

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Save 70% on a Course Showing You How to Invest in Crypto

TL;DR: Master crypto fundamentals in the 2025 NFT and Blockchain Masterclass Bundle on sale for $34.99. Want to learn the basics of crypto? Trying to figure it out on your own can be expensive, so if you want expert guidance, the 2025 Complete NFT and Blockchain Masterclass Bundle is on sale for $34.99. This bundle covers NFTs, blockchain, smart contracts, decentralized apps, and cryptography. Whether you want to create and sell NFTs, develop on Ethereum,…

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$1.5B Hack of Bybit Might Be the Largest Crypto Heist Ever

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.5B Hack of Bybit Might Be the Largest Crypto Heist Ever

Following the revelation Friday from cryptocurrency exchange firm Bybit that hackers stole digital tokens worth about $1.5 billion – in what may be the biggest crypto heist of all time – CEO Ben Zhou wrote on X Sunday that it has replenished its reserves. Bybit was able to do this through a mix of emergency loans and large deposits. Zhou told users on Friday that their funds were “safe,” and the firm would refund anyone…

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Ransomware Payments Decreased by 35% in 2024

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Ransomware Payments Decreased by 35% in 2024

Ransomware payments took an unexpected plunge in 2024, dropping 35% to approximately $813.55 million — despite payouts surpassing $1 billion for the first time in 2023. The decline was largely driven by a series of successful law enforcement takedowns and improved cyber hygiene, which enabled more victims to refuse payment, according to blockchain platform Chainalysis. The drop came as a surprise, considering the upward trend seen earlier in the year. In fact, ransomware actors extorted…

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Deepfakes Can Fool Facial Recognition on Crypto Exchanges

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Deepfakes Can Fool Facial Recognition on Crypto Exchanges

Generative AI deepfakes can stoke misinformation or manipulate images of real people for unsavory purposes. They can also help threat actors pass two-factor authentication, according to an Oct. 9 research report from Cato Networks’ CTRL Threat Research. AI generates videos of fake people looking into a camera The threat actor profiled by CTRL Threat Research — known by the handle ProKYC — uses deepfakes to forge government IDs and spoof facial recognition systems. The attacker…

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Sekoia: Latest in the Financial Sector Cyber Threat Landscape

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Sekoia: Latest in the Financial Sector Cyber Threat Landscape

A new report from French-based cybersecurity company Sekoia describes evolutions in the financial sector threat landscape. The sector is the most impacted by phishing worldwide and is increasingly targeted by QR code phishing. The financial industry also suffers from attacks on the software supply chain and stands among the most targeted sectors impacted by ransomware in 2023. And an increase in attacks on Android smartphones affects the sector, both for cybercrime and cyberespionage operations. Jump…

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IT Pros in Australian Crypto Need to Brace for Regulation

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IT Pros in Australian Crypto Need to Brace for Regulation

The Australian government is moving towards regulating cryptocurrency, with a focus on those involved in developing and maintaining crypto platforms. Bitcoin crypto currency coin with cracked Australia flag. Crypto restrictions. Australia’s Treasury Department recently released a proposal paper on regulating digital asset platforms, aiming to support innovation while addressing consumer harms associated with digital assets. The collapse of FTX, which affected over 50,000 Australian consumers, was cited as an example of the vulnerabilities of intermediaries….

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The transformative impact of cryptocurrency on digital fraud investigations

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The transformative impact of cryptocurrency on digital fraud investigations

The transformative impact of cryptocurrency on digital fraud investigations | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This…

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The cloud: A cryptojacker’s playground

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The cloud: A cryptojacker’s playground

The cloud: A cryptojacker’s playground | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing…

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How to get ahead of fraud in the metaverse

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How to get ahead of fraud in the metaverse

How to get ahead of fraud in the metaverse | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This…

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