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Malware Targets Banks, Crypto Platforms and Social MediaNewly surfaced Android-based banking Trojan gives threat actors near-total control over infected devices, letting them steal user credentials for direct access to financial accounts, says researchers. Rokarolla tricks users into side-loading malicious versions of popular, high traffic apps.
Also: Obama Twitter Hacker Ordered to Forfeit $5.3 MillionEvery week, ISMG rounds up cybersecurity incidents in digital assets. This week, Samourai Wallet founders and Oklahoma Crypto CEO sentenced, Obama Twitter hacker ordered to forfeit funds, Chicago crypto ATM CEO charged and White House is reviewing a rule expanding IRS crypto oversight.
Animoca Brands Co-Founder's Social Media HackedThis week, Cambodia introducing new crypto directive, a hacker compromising Animoca Brands co-founder's social media, FTX co-CEO having his sentence reduced by a year, IRS pushing new crypto tax reporting rules and the Blockchain Bandit moving funds after two years of inactivity.
Also: Bitfinex Hacker Lichtenstein's Social Media Post From PrisonThis week's stories include updates on hackers in the DMM Bitcoin and Bitfnex cases, South Korea sanctioning North Korean hackers, Trump naming an exec director for Digital Assets Council, Craig Wright's prison sentence and the Interpol's red notice for Hex founder.
Also: Truth Terminal Founder Social Media Hack Inflates Fraudulent TokenThis week, a Truth Terminal founder hack, U.S. recovered stolen crypto, TeamTNT resurfaced, former FTX exec Nishad Singh avoided prison, a possible SEC's X account hacker plea deal, Tether reported to be under investigation, trends in digital assets enforcement and pending Dutch crypto legislation.
Not a Good Look: Hijacked @SECgov Social Media Account Spews Bitcoin RumorsSocial media accounts - especially those tied to government agencies, big-name companies and high-profile individuals - continue to be a top target for takeover by fraudsters and scammers, especially when it comes to X, formerly known as Twitter. What's the best way to keep these accounts secure?
Hackers Spread Fake News About SEC Approving Spot Bitcoin Exchange-Traded FundIt wasn't a sophisticated hack on Jan. 9 that allowed hackers to briefly take control of an official U.S. Securities and Exchange Commission social media account, the agency said Monday. The hackers simply scammed the account's mobile phone provider in a SIM swap attack.
$295 Million in Digital Assets Lost Last Year to Wallet Drainers, Researchers WarnCryptocurrency phishing scams designed to send crypto owners to fake versions of legitimate sites, recently disseminated via hijacked high-profile social media accounts, highlight the ongoing use of drainer scam-as-a-service offerings, which researchers say last year led to $295 million in losses.
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.
Value of Bitcoin Rocketed Following Fake Post Claiming Spot Bitcoin ETFs ApprovedThe U.S. Securities and Exchange Commission said it is probing the "compromise" of its X - formerly known as Twitter - social media accounts after a hacker broadcast a fake post claiming the agency had approved spot bitcoin exchange-traded funds, which sent the value of bitcoin rocketing.