Microsoft Uncovers 'Moonstone Sleet' — New North Korean Hacker Group

A never-before-seen North Korean threat actor codenamed Moonstone Sleet has been attributed as behind cyber attacks targeting individuals and organizations in the software and information technology, education, and defense industrial base sectors with ransomware and bespoke malware previously associated with the infamous Lazarus Group. "Moonstone Sleet is observed to set up fake companies and

Chinese Nationals Arrested for Laundering $73 Million in Pig Butchering Crypto Scam

The U.S. Department of Justice (DoJ) has charged two arrested Chinese nationals for allegedly orchestrating a pig butchering scam that laundered at least $73 million from victims through shell companies. The individuals, Daren Li, 41, and Yicheng Zhang, 38, were arrested in Atlanta and Los Angeles on April 12 and May 16, respectively. The foreign nationals have been "charged for leading a scheme

Dutch Court Sentences Tornado Cash Co-Founder to 5 Years in Prison for Money Laundering

A Dutch court on Tuesday sentenced one of the co-founders of the now-sanctioned Tornado Cash cryptocurrency mixer service to 5 years and 4 months in prison. While the name of the defendant was redacted in the verdict, it's known that Alexey Pertsev, a 31-year-old Russian national, had been awaiting trial in the Netherlands on money laundering charges.

Bitcoin Forensic Analysis Uncovers Money Laundering Clusters and Criminal Proceeds

A forensic analysis of a graph dataset containing transactions on the Bitcoin blockchain has revealed clusters associated with illicit activity and money laundering, including detecting criminal proceeds sent to a crypto exchange and previously unknown wallets belonging to a Russian darknet market. The findings come from Elliptic in collaboration with researchers from the&

Akira Ransomware Gang Extorts $42 Million; Now Targets Linux Servers

Threat actors behind the Akira ransomware group have extorted approximately $42 million in illicit proceeds after breaching the networks of more than 250 victims as of January 1, 2024. "Since March 2023, Akira ransomware has impacted a wide range of businesses and critical infrastructure entities in North America, Europe, and Australia," cybersecurity agencies from the Netherlands and the U.S.,

Ex-Security Engineer Jailed 3 Years for $12.3 Million Crypto Exchange Thefts

A former security engineer has been sentenced to three years in prison in the U.S. for charges relating to hacking two decentralized cryptocurrency exchanges in July 2022 and stealing over $12.3 million. Shakeeb Ahmed, the defendant in question, pled guilty to one count of computer fraud in December 2023 following his arrest in July. "At the time of both attacks,

U.S. Sanctions 3 Cryptocurrency Exchanges for Helping Russia Evade Sanctions

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned three cryptocurrency exchanges for offering services used to evade economic restrictions imposed on Russia following its invasion of Ukraine in early 2022. This includes Bitpapa IC FZC LLC, Crypto Explorer DMCC (AWEX), and Obshchestvo S Ogranichennoy Otvetstvennostyu Tsentr Obrabotki Elektronnykh Platezhey (

U.S. Sanctions Russians Behind 'Doppelganger' Cyber Influence Campaign

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) on Wednesday announced sanctions against two 46-year-old Russian nationals and the respective companies they own for engaging in cyber influence operations. Ilya Andreevich Gambashidze (Gambashidze), the founder of the Moscow-based company Social Design Agency (SDA), and Nikolai Aleksandrovich Tupikin (Tupikin), the CEO and

29-Year-Old Ukrainian Cryptojacking Kingpin Arrested for Exploiting Cloud Services

A 29-year-old Ukrainian national has been arrested in connection with running a “sophisticated cryptojacking scheme,” netting them over $2 million (€1.8 million) in illicit profits. The person, described as the “mastermind” behind the operation, was apprehended in Mykolaiv, Ukraine, on January 9 by the National Police of Ukraine with support from Europol and an unnamed cloud service provider

Beware: Scam-as-a-Service Aiding Cybercriminals in Crypto Wallet-Draining Attacks

Cybersecurity researchers are warning about an increase in phishing attacks that are capable of draining cryptocurrency wallets. "These threats are unique in their approach, targeting a wide range of blockchain networks, from Ethereum and Binance Smart Chain to Polygon, Avalanche, and almost 20 other networks by using a crypto wallet-draining technique," Check Point researchers Oded Vanunu,

Crypto Hardware Wallet Ledger's Supply Chain Breach Results in $600,000 Theft

Crypto hardware wallet maker Ledger published a new version of its "@ledgerhq/connect-kit" npm module after unidentified threat actors pushed malicious code that led to the theft of more than $600,000 in virtual assets. The compromise was the result of a former employee falling victim to a phishing attack, the company said in a statement. This allowed the attackers to gain

New NKAbuse Malware Exploits NKN Blockchain Tech for DDoS Attacks

A novel multi-platform threat called NKAbuse has been discovered using a decentralized, peer-to-peer network connectivity protocol known as NKN (short for New Kind of Network) as a communications channel. "The malware utilizes NKN technology for data exchange between peers, functioning as a potent implant, and equipped with both flooder and backdoor capabilities," Russian

N. Korea's Kimsuky Targeting South Korean Research Institutes with Backdoor Attacks

The North Korean threat actor known as Kimsuky has been observed targeting research institutes in South Korea as part of a spear-phishing campaign with the ultimate goal of distributing backdoors on compromised systems. "The threat actor ultimately uses a backdoor to steal information and execute commands," the AhnLab Security Emergency Response Center (ASEC) said in an

U.S. Treasury Sanctions Sinbad Cryptocurrency Mixer Used by North Korean Hackers

The U.S. Treasury Department on Wednesday imposed sanctions against Sinbad, a virtual currency mixer that has been put to use by the North Korea-linked Lazarus Group to launder ill-gotten proceeds. "Sinbad has processed millions of dollars' worth of virtual currency from Lazarus Group heists, including the Horizon Bridge and Axie Infinity heists," the department said. "Sinbad is

N. Korean Hackers 'Mixing' macOS Malware Tactics to Evade Detection

The North Korean threat actors behind macOS malware strains such as RustBucket and KANDYKORN have been observed "mixing and matching" different elements of the two disparate attack chains, leveraging RustBucket droppers to deliver KANDYKORN. The findings come from cybersecurity firm SentinelOne, which also tied a third macOS-specific malware called ObjCShellz to the RustBucket campaign

Randstorm Exploit: Bitcoin Wallets Created b/w 2011-2015 Vulnerable to Hacking

Bitcoin wallets created between 2011 and 2015 are susceptible to a new kind of exploit called Randstorm that makes it possible to recover passwords and gain unauthorized access to a multitude of wallets spanning several blockchain platforms. "Randstorm() is a term we coined to describe a collection of bugs, design decisions, and API changes that, when brought in contact with each other, combine

Binance's Smart Chain Exploited in New 'EtherHiding' Malware Campaign

Threat actors have been observed serving malicious code by utilizing Binance's Smart Chain (BSC) contracts in what has been described as the "next level of bulletproof hosting." The campaign, detected two months ago, has been codenamed EtherHiding by Guardio Labs. The novel twist marks the latest iteration in an ongoing malware campaign that leverages compromised WordPress sites to serve

Ransomware Extortion Skyrockets in 2023, Reaching $449.1 Million and Counting

Ransomware has emerged as the only cryptocurrency-based crime to grow in 2023, with cybercriminals extorting nearly $175.8 million more than they did a year ago, according to findings from Chainalysis. "Ransomware attackers are on pace for their second-biggest year ever, having extorted at least $449.1 million through June," the blockchain analytics firm said in a midyear crypto crime report

Authorities Shut Down ChipMixer Platform Tied to Crypto Laundering Scheme

A coalition of law enforcement agencies across Europe and the U.S. announced the takedown of ChipMixer, an unlicensed cryptocurrency mixer that began its operations in August 2017. "The ChipMixer software blocked the blockchain trail of the funds, making it attractive for cybercriminals looking to launder illegal proceeds from criminal activities such as drug trafficking, weapons trafficking,