North Korea's Lazarus Group Rakes in $3 Billion from Cryptocurrency Hacks

Threat actors from the Democratic People's Republic of Korea (DPRK) are increasingly targeting the cryptocurrency sector as a major revenue generation mechanism since at least 2017 to get around sanctions imposed against the country. "Even though movement in and out of and within the country is heavily restricted, and its general population is isolated from the rest of the world, the

NYC Couple Pleads Guilty to Money Laundering in $3.6 Billion Bitfinex Hack

A married couple from New York City has pleaded guilty to money laundering charges in connection with the 2016 hack of cryptocurrency stock exchange Bitfinex, resulting in the theft of about 120,000 bitcoin. The development comes more than a year after Ilya Lichtenstein, 35, and his wife, Heather Morgan, 33, were arrested in February 2022, following the seizure of roughly 95,000 of the stolen

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