Instagram Scammer Jay Mazini Receives 7-Year Sentence for Crypto Fraud
At least four individuals told the FBI that they had invested over $100,000 in Bitcoin, expecting cash wire transfers. One victim reported being defrauded of 50 Bitcoin.
At least four individuals told the FBI that they had invested over $100,000 in Bitcoin, expecting cash wire transfers. One victim reported being defrauded of 50 Bitcoin.
After establishing contact with the victim on LinkedIn, the hacker group requested the applicants to “download” two coding challenges containing Trojan files.
The group began its activities in March 2023, and has since infiltrated over 250 business entities, making away as much as $42 million in ransomware proceeds.
Before the $11 million exploit, Prisma Finance had around $220 million in total value locked (TVL) on the platform. However, the figure took a hit after the attack, bringing its TVL to just $115 million.
While the hackers were unsuccessful in their scheme, this is not the first time bad actors have hijacked celebrities’, important personalities’ and companies’ accounts on X to promote crypto scams.
Eisenberg’s trial is scheduled to commence this week, although the exact date remains undisclosed.
The decision to compensate victims is a very important step toward the project’s sustainability in the long run.
Phishing ads are showing up on Etherscan to target unsuspecting users and steal their funds, likely via a wallet drainer.
The attack on the fake token occurred mere hours after Ethena had introduced its new ENA token, designed to allow users to earn rewards by staking BNB or FDUSD.
In collaboration with blockchain investigators including PeckShield and ZachXBT, Munchables initiated efforts to trace the movement of the stolen funds. They have asked victims to follow only the official channels for the refund advise.
Cybersecurity News
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Cybersecurity involves the protection of confidential data on web linked systems vulnerabilities and cyber theft. Internet-driven businesses employ the use of cybersecurity tools to avoid unauthorized access to their computer and data centers.
Cybercrime remains one of the major threats to businesses and internet investors in the tech space. Every day, we get stories on events of online theft, and going by the predictions of tech experts, the rate of global cybercrimes is expected to get worse in the coming years if drastic measures are not put in place.
Tech giants such as IBM, Amazon, Microsoft, Cisco, etc. have invested billions in Cyber Security with the hope of minimizing the rate of cyber-crimes across the globe.
The spread of malicious attacks and internet fraud continues to increase yearly, leaving a ruin of lives and assets in its wake. Luckily, the world has firms such as the ones listed above to fight for it, as the government can only do so much. Therefore, with these cybersecurity companies in existence, one can only hope that the war on cybercrime is won.
The battle to put an end to cybercrimes has been on for some time, and no matter how things may seem today, it would have been worse if not the help of certain cyber security firms.
According to export reports, over $3 trillion was lost worldwide to cybercriminals in 2015 alone, and if no solution is put in place to curb the rate, the stakeholders could be losing up to $6 trillion by 2021.
Cybersecurity news today brings you closer to the tech world by offering cutting edge updates on events relating to cybercrimes and theft.