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A U.S. government agency paid $1M to Kairos, a group focused on data theft and extortion rather than ransomware, Ransom-ISAC reports. A new case study from Ransom-ISAC reconstructs a complete data-extortion incident involving a U.S. government body and a threat actor called Kairos, using a leaked negotiation transcript and blockchain tracing of the ransom payment. […]

Safe{Wallet} has revealed that the cybersecurity incident that led to the Bybit $1.5 billion crypto heist is a "highly sophisticated, state-sponsored attack," stating the North Korean threat actors behind the hack took steps to erase traces of the malicious activity in an effort to hamper investigation efforts

Bank Info Security 2 years, 3 months ago

A Career in Combating Cryptocurrency Scams

We Need Cryptocurrency Forensics Now More Than Ever BeforeA new analysis has unearthed that cryptocurrency scammers siphoned off a staggering $43.6 million in 2022. Those who enjoy forensics should have a field day in this domain. From ethical hacking to penetration testing and incident response, there are tons of well-paying opportunities.

Meanwhile South Korea's Do Kwon is sought for fraud by US authorities Norwegian authorities announced on Thursday that they had recovered $5.9 million of cryptocurrency stolen in the Axie Infinity hack – an incident widely held to have been perpetrated by the Lazarus Group, which has links to North Korea.…

Global crypto payments gateway, CoinPayments.net is ceasing operations in the United States soon and has advised users to withdraw their assets before July 19th, 2022. The short notice given by the exchange via a private email left some customers suspecting if this was an "exit scam" or another mysterious incident. [...]

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