Latest cybersecurity reporting from selected sources.

Cybersecurity researchers have discovered half-a-dozen new Android malware families that come with capabilities to steal data from compromised devices and conduct financial fraud

Also: $7M Saga and $5M Makina Finance ExploitsThis week, South Korea dismantled a $102 million money laundering ring, Saga paused SagaEVM after a $7 million exploit, Makina Finance lost $5 million, a Utah man sentenced to three years for fraud and illegal cash conversion and a software flaw let traders win ethereum transaction auctions for free.

A new Android malware named Albiriox has been advertised under a malware-as-a-service (MaaS) model to offer a "full spectrum" of features to facilitate on-device fraud (ODF), screen manipulation, and real-time interaction with infected devices

Also: UK Fraud Investigators Make Arrests in $28M Basis Markets Rug-Pull ProbeThis week, World Liberty Financial scrambles to secure user funds, the U.K.'s Serious Fraud Office arrests two people over a $28M Basis Markets rug-pull probe, a Gana Payment hack drains $3.1M and Crypto Dispensers weighs a $100M sale following money-laundering charges against its CEO.

The U.S. Treasury Department on Tuesday imposed sanctions against eight individuals and two entities within North Korea's global financial network for laundering money for various illicit schemes, including cybercrime and information technology (IT) worker fraud

The U.S. Treasury Department imposed sanctions on two North Korean financial institutions and eight individuals involved in laundering cryptocurrency stolen in cybercrime and fraudulent IT worker schemes. [...]

Law enforcement authorities in Europe have arrested five suspects in connection with an "elaborate" online investment fraud scheme that stole more than €100 million ($118 million) from over 100 victims in France, Germany, Italy, and Spain

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.…

Also: Scammer Gets 12-Year Sentence for Dodging RestitutionAbacus Market's suspected exit scam, crypto scammer gets 12 years for dodging restitution, GMX exploiter returns funds, BigOne's $27M hack, Arcadia Finance's $3.5M theft, NZ woman's trial for alleged murder and a DOJ crypto fraud filing's potential unmasking of MoonPay victims.

Also, Nike Sued Over Shutdown of NFT SubsidiaryThis week, KiloEX compensation after Oracle exploit, Nike sued over NFT shutdown, SEC dropped probe into PayPal PYUSD, Long Island man sentenced for crypto fraud, Americans lost billions to crypto scams, Loopscale exploiter agreed to return stolen funds and bank regulators softened stance on crypto.

Alterya's AI-Powered Data Will Combat Scams Across Traditional Financial EcosystemsAlterya's AI agents now power Chainalysis' fraud prevention, integrating off-chain data sources like Venmo and Zelle with blockchain analytics. This acquisition marks a significant step in detecting and stopping scams earlier in the fraud cycle, said CEO Jonathan Levin.

The suspects were apprehended in a surprise operation at their hideout in Lagos following intelligence received by Nigeria's Economic and Financial Crimes Commission

FBI recovers just $8M after scam crashes Heartland Tri-State Bank The FBI has recovered $8 million in funds from a cryptocurrency scam that netted $47 million and devastated the Kansas city of Elkhart.…

A large-scale fraud campaign leveraged fake trading apps published on the Apple App Store and Google Play Store, as well as phishing sites, to defraud victims, per findings from Group-IB

The Eastern European group is actively expanding its financial fraud activities, with its pipelines representing a veritable Silk Road for the transfer of cryptocurrency, and lucrative and exploitable data.

Cryptocurrency exchange Binance is warning of an "ongoing" global threat that's targeting cryptocurrency users with clipper malware with the goal of facilitating financial fraud

Victims Reported $5.6 Billion in Financial Losses Associated With Crypto SchemesThe FBI's Internet Crime Complaint Center on Monday issued a report revealing victims filed more than 69,000 public complaints related to cryptocurrency fraud and $5.6 billion in financial losses in 2023, while investment scams made up the bulk of losses throughout the year.

Also: UwU Lend's Hacks, Terraform Labs' Dissolution, Gemini's SettlementThis week, CertiK researchers allegedly stole money from Kraken, UwU Lend was hacked, Terraform Labs shut down, Gemini will pay defrauded investors, three entities claimed seized FTX assets, a Chinese bank suffered embezzlement and money laundering, and the SEC's crypto head is leaving.

Narco kingpins aren't coming for your apes, but internet con artists still are The US Treasury Department has assessed the risk of non-fungible tokens (NFTs) being used for illicit finance, and has found them wanting for lack of proper roadblocks preventing illegal applications.…

Cryptocurrency theft and financial fraud are the new M.O. of the 15-year-old malware operation that has hit organizations around the globe.