Americans Lost Billions to Geoblocking: Can They Prevent Future Crypto Losses?
American crypto users missed billions of dollars in potential earnings due to the geoblocking policies.
Cybersecurity News
Stay up to date on the latest news stories, articles and technical coverage on cybersecurity, cybercrime, ransomware, infosec, hacking and much more
Bybit Hack Spurs $4.6B Surge in THORChain Trading Activity
THORChain reportedly generated $5.5M in transaction fees from the surge in activity linked to the laundering of Bybit’s stolen funds.
Bybit Hacker Finishes Laundering All Stolen Ethereum
North Korea’s Lazarus group, reportedly behind the Bybit hack, has laundered all 499,000 stolen ETH leveraging crypto mixers and DEXs.
From Sony to Bybit: How Lazarus Group Became The World’s Most Dangerous Crypto Hackers
By Anton Varanov
• 3 mins read
Bybit’s Ethereum cold wallet was compromised on February 21, resulting in a $1.46 billion theft linked to North Korea’s state-sponsored Lazarus Group, adding to their multibillion-dollar crypto crime spree.
FBI Confirms North Korean Hackers Behind Record $1.5 Billion Bybit Theft
By Godfrey Benjamin
• 3 mins read
FBI officially attributes February’s record-breaking $1.5 billion Bybit cryptocurrency hack to North Korean state-sponsored hackers who used sophisticated deception techniques targeting cold storage.
Bybit Hackers Have Strong Links to North Korea, Say Investigators
By Bhushan Akolkar
• 2 mins read
Blockchain analytics firm Elliptic revealed that the Bybit hack is linked to North Korean hackers who laundered the money using over 11,000 wallets.
Blockchain Neobank Infini Hit by Nearly $50M Hack Days after Bybit’s $1.4B Loss
By Chimamanda U. Martha
• 3 mins read
Hackers breached the platform’s system, stealing USDC stablecoins before swiftly converting them into Ethereum and transferring them to a new wallet.
Abstract Reports $400,000 Drain from Cardex Wallets
By Godfrey Benjamin
• 3 mins read
A session key hack has seen more than $400,000 stolen from Cardex Wallet, hosted on Abstract
Crypto Security Firm Blockaid Secures $50M to Combat Cybercrime Surge
By Anisha Pandey
• 2 mins read
Blockaid has raised $50 million in a Series B round led by Ribbit Capital to enhance its cybersecurity efforts.
Melbourne Police Bust Criminal Gang Behind Crypto ATM Theft Spree
By Godfrey Benjamin
• 3 mins read
Melbourne authorities have arrested four suspects in connection with a series of crypto ATM thefts and collector card store robberies, recovering stolen goods worth thousands of dollars and multiple firearms.
Scammers Create Fake KSA Meme Coin Using Hacked Saudi Law Conference Account
By Temitope Olatunji
• 3 mins read
Scammers used a hacked Saudi Law Conference account to launch a fake KSA token, misleading investors into believing it was legitimate.
zkLend Seeks Return of $8M in Stolen ETH after Security Breach
By Mayowa Adebajo
• 3 mins read
zkLend joins a growing list of decentralized finance (DeFi) protocols that have come under attack in recent times.
SlowMist Reports $98.19M Lost to Web3 Security Incidents in January
By Temitope Olatunji
• 3 mins read
Web3 security breaches in January caused $98.19M in losses, with major hacks, phishing scams, and account compromises affecting multiple platforms.
Crypto Phishing Losses Plunge 56% as Malware Attacks Soar in January
By Temitope Olatunji
• 3 mins read
Phishing losses dropped in January, but malware attacks surged, with social engineering scams targeting Coinbase and crypto wallets.
Phemex Exchange Suspected of $37 Million Hack
By Chimamanda U. Martha
• 3 mins read
The exchange insists its cold wallets remain safe, but the full extent of the breach is still unknown.
Cybersecurity News
Stay up to date on the latest news stories, insights, articles, and technical reports on cybersecurity, malware, cybercrimes, ransomware, information security, social engineering, hacking, crypto-jacking and many more at Coinspeaker.
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.
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