Russian citizen Alexander Vinnik was sentenced in Paris to five years in prison for money laundering and ordered to pay 100,000 euros in fines. Russian citizen Alexander Vinnik was sentenced in Paris to five years in prison for money laundering and ordered to pay 100,000 euros in fines. The man went on trial in Paris for having defrauded nearly 200 vic

It is hard to believe that a year has gone since our last article on financial attacks and our predictions for 2020. It has been a tough one, but first things first. Let us review the forecasts we made at the end of 2019 and see how accurate we were. Then we will go through the key events of 2020 relating to financial attacks. Finally, we need to make a fore

The United States announced the seizure of $1 billion worth of Bitcoin stolen by an individual from the Silk Road marketplace. On November 3, The United States this week announced that it has seized $1 billion worth of Bitcoin stolen by an individual from the Silk Road marketplace over half a decade ago. “The United States filed a civil complaint

Yesterday almost $1 billion worth of cryptocurrency contained in a password-protected BitCoin wallet was moved to another wallet. Ahead of the 2020 Presidential election a mysterious transaction was noticed by cyber security experts and researchers. Someone has transferred almost $1 billion worth of cryptocurrency contained in a password-protected Bit

A ransomware gang has made headlines for donating a big chunk of stolen funds to two charities. Two separate donations given to Children International and The Water Project rang tills to the tune of $10,000 each. Their reason was that they’re targeting “only large profitable corporations, we think it’s fair that some of the money they’ve paid will go to char

Hello dear readers, and welcome to the latest and greatest from VideoBytes: a brand new, video feature that we announced just yesterday. On our debut post today, we’re talking to you about the Twitter hack, in which hackers accessed the Twitter accounts of 130 high profile figures, like Barack Obama, Joe Biden and Elon Musk by gaining access to an

A federal jury convicted the owner of a bitcoin exchange for his role in a multi-million dollar scheme involving online auction fraud.On September 28, a federal jury in Frankfort, Kentucky found Bulgarian national Rossen Iossifov, 53, guilty of one count of conspiracy to commit racketeering and one count of conspiracy to commit money laundering.This convicti

The INVDoS (Bitcoin Inventory Out-of-Memory Denial-of-Service)Attack would have allowed hackers to crash Bitcoin nodes and alternative chains. Two years ago, the Bitcoin protocol engineer Braydon Fuller. discovered a major uncontrolled memory resource consumption denial-of-service vulnerability (INVDoS), tracked as CVE-2018-17145, that affected the peer-t

byPaul DucklinAn article published on the open-to-allcomers blogging site Medium earlier this week has made for some scary headlines.Written as an independent research piece by an author going only by nusenu, the story is headlined:How Malicious Tor Relays are Exploiting Users in 2020 (Part I)[More than] 23% of the Tor network’s exit capacity has been attack

Last week on Malwarebytes Labs, our Lock and Code podcast delved into Bluetooth and beacon technology. We also dug into APT groups targeting India and Hong Kong, covered a law enforcement bust, and tried to figure out when, exactly, a Deepfake is a Deepfake. Other cybersecurity news Insecure email addresses resulted in big-bucks sporting targets (Sourc

“I’m feeling generous because of Covid-19. I’ll double any BTC payment sent to my BTC address for the next hour. Good luck, and stay safe out there!” This and similar Tweets asking readers to send US$1,000 to a Bitcoin address with the promise of a double return payment went out yesterday. Too good to be true? Once again,

Cryptocurrency exchange Bisq stopped trading activities due to a cyberattack, crooks have stolen $250,000 worth of virtual currency from the company. The decentralized exchange (DEX) Bisq rang stopped trading activities late Tuesday night after it uncovered a critical security vulnerability that was exploited by a hacker to steal more than $250,000 worth

In the last week, we’ve seen multiple coronavirus scams pushed by bad actors, including RAT attacks via fake health advisories, bogus e-books working in tandem with Trojans, and lots of other phishing shenanigans. Now we have another one to add to the ever-growing list: dubious coronavirus Bitcoin missives landing in your inbox. Reworking a classic spam tact

It would be a challenge to find someone who has not heard of the now-infamous “Nigerian Prince scams,” also known as “419 scams” and “advance-fee scams.” The concept itself dates back to the French Revolution, but it has come a long way due to human gullibility. More recently, it has taken to the internet to deceive scores

Despite their name, the RobbinHood cybercriminal gang is not stealing from the rich to give to the poor. Instead, these ransomware developers are more like big game hunters—attacking enterprise organizations and critical infrastructure and keeping all the spoils for themselves. In 2019, the RobbinHood ransomware creators successfully attacked and receive