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Bank Info Security 5 months, 3 weeks ago

Cryptohack Roundup: South Korea Busts $102M Laundering Ring

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.

Bank Info Security 11 months, 3 weeks ago

Cryptohack Roundup: Krygyzstan a Crypto Conduit for Russia

Also: CoinDCX's $44 Million Exploit, Crypto Theft Hit $2.17B in First Half of 2025This week, Russia crypto laundering in Krygyzstan, CoinDCX lost $44M in a hack, the U.S. sought $7.1M in crypto linked to oil tank investment scam, Ex-NCA officer was jailed for stealing seized bitcoin, crypto thefts hit $2.17B in the first half of 2025 and Trump Media revealed $2B bitcoin holdings.

Bank Info Security 1 year, 1 month ago

Cryptohack Roundup: Evita Founder Charged in $530M Case

Also: 5 Guilty Pleas in Cambodia-linked $36.9 Million ScamEvery week, ISMG rounds up cybersecurity incidents in digital assets. This week, charges against a crypto firm founder in a $530M sanctions evasion and money laundering case, guilty pleas in a $36.9M scam, an $8.3M exploit of Alex Lab, and Cetus Protocol relaunched after a $223M hack.

Bank Info Security 1 year, 2 months ago

North Korea’s Hidden IT Workforce Exposed in New Report

Report Finds North Koreans Embedded in Top Blockchain and Web3 ProjectsA new report details how North Korea’s cybercrime network is infiltrating global tech firms with fake IT workers who exploit trusted access to steal millions in cryptocurrency, launder funds through international fronts and channel proceeds into weapons development and espionage missions.

Bank Info Security 1 year, 5 months ago

The Benefits of the M&A Frenzy in Fraud Solutions

Emerging Vendors, Consolidation Drive Innovation in Fraud, AML, Scam PreventionAs cybercriminals exploit AI-generated deepfake scams and synthetic identity fraud, financial institutions are investing heavily in fraud detection, anti-money laundering solutions and identity verification to stay ahead. This demand is driving consolidation in the market.