Tagged: theft

Dutch Bitcoin Trader Tortured in “Brutal” Home Invasion

The phenomenon of “rubber hose decryption” robbery took a harrowing turn recently when criminals disguised as police entered the home of a Dutch Bitcoin trader and allegedly tortured him in front of his 4-year-old daughter, The Independent reports. The attack reportedly took place in the… Read More

North Korea Hacked $670 Million from Crypto Exchanges

Expert panelists have informed the UN Security Council’s North Korea Sanctions Committee that the tiny country has been hacking global cryptocurrency trading platforms to obtain capital, Nikkei Asian Review reports. This is the first time the panel has addressed the UN Security Council regarding cyberattacks… Read More

“Top 21” EOS Staker Fails to Update Blacklist, $7.7 Million Stolen

Games.eos, a “Top 21” staker (“block producer” or “most efficient miner”) of the newer cryptocurrency network EOS, failed to update their blacklist of hacked EOS accounts recently, and left the door open for a hacker to drain $7.7 million USD in EOS tokens from a… Read More

Turkey Arrests 24 Accused of Robbing Cryptocurrencies

A “nationwide simultaneous operation” executed in 8 Turkish provinces has netted 24 individuals accused of conspiring to rob 13 million Turkish liras ($2.47 million) from “a cryptocurrency company” in Istanbul, The Daily Sabah reports. After receiving a complaint from the targeted business, law enforcement officers at… Read More

BitGrail Exchange Operator Who Lost $170 Million in Crypto Ordered to Return Lost Funds to Investors

An Italian court has ordered the owner of the BitGrail cryptocurrency exchange, Francesco Firano, to declare bankruptcy and forfeit assets so they can be used to reimburse investors harmed when Firano “lost” 17 million Nano tokens (worth $170 million), a post by affected investors claims…. Read More

Chainalysis: Two Professional Groups Behind Majority of Lucrative Cryptocurrency Exchange Hacks

In its latest “Crypto Crime Report,” blockchain forensics firm Chainalysis says that two groups are responsible for 60% of hacks on cryptocurrency exchanges, the most lucrative types of crypto hacks by far: “Hacking dwarfs all other forms of crypto crime, and it is dominated by… Read More

Majority of $11 Million in Hacked IOTA Crypto Found, IOTA Co-Founder Says

The co-founder of IOTA, Dominik Schiener has told Reuters that a majority of the 10 million Euros ($11.4 million USD) in IOTA crypto tokens that police believe was stolen by a lone hacker from Oxford, England, has been located, The 36-year-old accused hacker was arrested last… Read More

Analysts Claim Cryptopia Exchange Watched Powerless for Days as Hackers “Drained” $16 Million from Crypto Hot Wallets

Blockchain data analysis firm Elementus has published stunning claims regarding last week’s hack on the New Zealand Cryptopia cryptocurrency exchange. Little information regarding the scope or nature of the attack has so far been issued by Cryptopia itself or New Zealand police. Two days ago,… Read More

Christmas Hacks: Thieves Steal Bitcoins from Electrum Wallet Users

Hackers have stolen more than $750 000 USD in Bitcoins from users of the Electrum Bitcoin hot wallet since December 21st, CCN reports. Another outlet places the amount stolen closer to $1 million. A “hot wallet” is a device for storing the “private keys” needed… Read More

E-Cash Laws Do Not Apply: Korean Courts Find Bithumb Crypto Exchange Not Responsible for Customer Funds Lost in Hack

The Jury by John Morgan Trial Court Judge Law

The importance of storing one’s cryptocurrency safely was highlighted in South Korea this week when a court there decided that Korean crypto exchange Bithumb is not liable for customer funds hacked from an account there, Han Kyung reports. According to the outlet, an investor with… Read More

Accused New York “SIM-Swap” Crypto Thief Extradited to California to Stand Trial

An alleged cryptocurrency thief accused of stealing the life savings of a Silicon Valley father of two has been extradited from New York to face charges related to the theft there, the New York Post reports. In November, police arrested Nicholas Truglia, 21, in Manhattan and… Read More

Bitcoin Trader Abducted, Tortured, Robbed in South Africa

Gun Hold Up Crime Arrest Mug

A South African Bitcoin trader is recovering in intensive care following his abduction and torture by bandits who allegedly robbed him of almost $66 000 USD in Bitcoin and cash. According to Soweto Urban, the man agreed to do a talk on cryptocurrency for a… Read More

Three Charged in Bulgaria for $5 Million Cryptocurrency Theft

Bulgarian police have arrested and charged 3 people accused of stealing $5 million in cryptocurrencies, Reuters reports. The arrests were announced Monday by officials from the Bulgarian Ministry of the Interior and local prosecutors. Police seized $3 million in cryptocurrency at the scene as well… Read More

Silicon Valley REACT Cybercrime Task Force Busts Manhattan Cryptocurrency Thief

Police in Manhattan have arrested and charged Nicholas Truglia, 21, with 21 counts of felony crimes related to hacks he allegedly conducted against 6 individuals, including a $1 million USD theft of cryptocurrencies from Silicon Valley executive Robert Ross. According to the New York Post,… Read More

Hackers Spread Crypto-Stealing Code Through StatCounter at Gate.io Exchange

On November 3rd, hackers successfully sandwiched crypto-stealing code into the middle of a popular web traffic-measuring plugin from StatCounter, which is now used on more than two million websites, including government sites, WeLiveSecurity reports. Because the infected software creates a new bitcoin address for every site… Read More

Police in Turkey Arrest 11 People Connected to Alleged Bitcoin Theft

Police in Istanbul arrested 11 people last week in connection with the hacking theft of bitcoins from the cryptocurrency wallets of 14 victims, Hürriyet reports. Along with 11 suspects detained, police from the Cybercrimes Division also seized 18 mobile phones, 18 sim cards, 22 flash memory… Read More

Two Young Men in Oklahoma Charged with $14 Million Crowd Machine Crypto Hack

Two young men accused of stealing one billion “Crowd Machine Compute Tokens” (worth $14 million) directly from the Crowd Machine crypto project last weekend were arrested Monday at an Oklahoma hotel, Oklahoma News 4 reports. Fletcher Robert Childers, 23, and Joseph Harris, 21, both of Missouri,… Read More

Crypto Mining Malware Attacks Escalating, UK Poll Finds

IT directors at 750 companies with 250 or more employees in the UK are reporting a steady increase in attempted “crypto-jacking” attacks on enterprise computer systems, with 30% of all companies reporting attacks in May, the month the survey was conducted. The findings were determined… Read More

Investor & Crypto Advisor Sues AT& T for $224 Million for Gross Negligence in Cryptocurrency Theft

Michael Terpin, an investor, crypto advisor and founder of Marketwire, has thrown down the gauntlet with AT&T over a massive cryptocurrency threat. In a tweet, Terpin states; “Somebody needed to sue AT&T for fraud and gross negligence in letting criminals SIM swap. I just did.”… Read More

Disappearing Act: CEO of Vietnamese Crypto Mining Firm Allegedly Steals $35 Million and Hundreds of Machines

Another high profile crypto rip off in Vietnam may have further imperiled the nascent sector there. According to VN Express, 20 investors have filed a complaint with the Vietnamese police claiming that the CEO of a cryptocurrency “cloud mining” scheme called Sky Mining has defrauded them… Read More

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