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Bank Info Security 4 months, 4 weeks ago

Cryptohack Roundup: Paxful's $4M Penalty

Also: Coinbase's Agentic AI Wallets, $1M Fraud IndictmentThis week, Paxful's $4M AML penalty, Coinbase's agentic AI wallets, a $1M fraud indictment, a 20-year $200M Ponzi sentence, laundering from the $200M Mixin hack, a Binance France home invasion attempt, insider betting charges in Israel and lost seized bitcoin in South Korea.

Cybercriminals are increasingly using AI to lower the barrier to entry for fraud and hacking, shifting from skill-based to AI-assisted attacks known as "vibe hacking." Flare examines how underground forums promote AI tools, jailbreak techniques, and so-called "Hacking-GPT" services that promise ease rather than technical mastery. [...]