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Also: Google’s $40B AI Bet, Insights From Google Next ConferenceIn this week's panel, four ISMG editors discussed North Korea's use of fake video meetings to fuel crypto fraud, Google's $40 billion investment in Anthropic and what it signals for the AI race, and key takeaways from Google Next in Las Vegas on enterprise AI adoption.
State, Criminal Hackers Use Blockchain Technique to Evade TakedownsGoogle's Threat Intelligence Group found hacking groups like North Korea's UNC5342 and criminal group UNC5142 using a public blockchain technique called EtherHiding to distribute malware. The method makes attacks tougher to trace, block or dismantle.
Cryptocurrency Users Targeted in Latest Campaign Involving FudModule RootkitA hacking group tied to North Korea exploited a zero-day vulnerability in the open source Google Chromium web browser to try and steal cryptocurrency, Microsoft said. The attack campaign is the latest to involve a sophisticated North Korean rootkit called FudModule. Google has fixed the flaw.
Also: Malicious Chrome Extension; Mango Markets-SEC SettlementThis week, Binance, ASX and Google sued; Solana users targeted; McDonalds' X account hacked; Mango Markets and SEC settled; China updated AML law; sentencing in the HTSB case; arrest in the BitConnect case; Australia shuttered 615 scams; Malaysia adopted Worldcoin, arrested crypto thieves.
Also: Terraform Labs Liable in US Court for Civil FraudThis week, Google sued alleged crypto fraudsters, Mango Markets exploiter's trial began, Do Kwon and Terraform Labs are liable for civil fraud, Taiwanese prosecutors indicted ACE Exchange's co-founder, Wormhole nearly gave $40,000 to hackers and a Binance executive pleaded not guilty in Nigeria.
Also: $3.3M Socket Hack; Do Kwon and Alex Mashinsky TrialsThis week, the U.S. SEC assessed its X account hack, attackers stole $3.3M from Socket, Do Kwon got a new trial date, Alex Mashinsky sought to dismiss charges, Google Play Store removed crypto apps for India users, IRS clarified crypto asset reporting and South Korea mulled crypto mixer legislation.
All Organizations That Use X Should Review Their Two-Factor Authentication SettingsGoogle Cloud's Mandiant says its account at X, formerly Twitter, was hijacked and used to link to cryptocurrency phishing pages after an attacker guessed the account password, apparently after Twitter last year deactivated the account's SMS-based two-factor authentication, leaving it unprotected.