Bitfinex hacker gets 5 years in prison for 120,000 bitcoin heist
A hacker responsible for stealing 119,754 Bitcoin in a 2016 hack on the Bitfinex cryptocurrency exchange was sentenced to five years in prison by U.S. authorities. [...]
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Background for this topic.
Hacking is the use of technical methods to access, alter, disrupt, or examine computer systems and data, either with authorization or without it. In security reporting, the term usually covers unauthorized exploitation of software flaws, exposed services, weak credentials, misconfigurations, and sometimes human trust through phishing or other social engineering.
Its security significance depends on the attacker’s access and objective: a compromised internet-facing system may enable data theft, unauthorized changes, or movement into other systems, while a benign penetration test can reveal the same weaknesses before they are abused. Defenders reduce exposure through timely vulnerability management, secure configuration, strong authentication, network and endpoint monitoring, and tested incident-response procedures. Useful reporting distinguishes confirmed compromise from attempted or suspected activity and identifies the exploited entry point, affected assets, and whether access was contained.
A hacker responsible for stealing 119,754 Bitcoin in a 2016 hack on the Bitfinex cryptocurrency exchange was sentenced to five years in prison by U.S. authorities. [...]
Robert Purbeck, a 45-year-old man from Idaho, has been sentenced to ten years in prison for hacking at least 19 organizations in the United States, stealing the personal data of more than 132,000 people, and multiple extortion attempts. [...]
CISA and the FBI confirmed that Chinese hackers compromised the "private communications" of a "limited number" of government officials after breaching multiple U.S. broadband providers. [...]
The Chinese state-sponsored hacking group Volt Typhoon has begun to rebuild its "KV-Botnet" malware botnet after it was disrupted by law enforcement in January, according to researchers from SecurityScorecard. [...]
Amazon confirmed a data breach involving employee information after data allegedly stolen during the May 2023 MOVEit attacks was leaked on a hacking forum. [...]