Latest cybersecurity reporting from selected sources.

Financial regulators in Canada this week levied $176 million in fines against Cryptomus, a digital payments platform that supports dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services. The penalties for violating Canada's anti money-laundering laws come ten months after KrebsOnSecurity noted that Cryptomus's Vancouver street address was home to dozens of foreign currency dealers, money transfer businesses, and cryptocurrency exchanges — none of which were physically located there.

PLUS: Kryptos solution up for auction; Canadian parliament springs a leak; Fake crypto lawyers; And more Infosec In Brief New York State is suing bank-owned peer-to-peer payment app Zelle, claiming that the banks behind it knew fraud was rampant on the platform but allowed scammers to conduct business with impunity.…

Suspect, still at large, said to back concept that 'code is law' New York feds today unsealed a five-count criminal indictment charging a 22-year-old Canadian math prodigy with exploiting vulnerabilities in two decentralized finance protocols, allegedly using them to fraudulently siphon around $65 million from investors in the platforms.…

The U.S. Justice Department has charged a Canadian man with stealing roughly $65 million after exploiting two decentralized finance (DeFI) protocols. [...]

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. Meanwhile, an investigation into the Vancouver street address used by this company shows it is home to dozens of foreign currency dealers, money transfer businesses, and cryptocurrency exchanges -- none of which are physically located there.

Also: Crypto King Indicted in CanadaThis week, $25M in ethereum was stolen, Sonne Finance was hacked, a thief returned stolen crypto, Canada indicted its crypto king, the U.S. blocked a purchase by a Chinese crypto mining firm, Canada took regulatory action against Binance, and two senators were concerned about cryptomixer policy.