Nigerian fintech giant Flutterwave loses $6.4M in hack, and traders are feeling the heat
Flutterwave has attempted to cover up the hack despite a court petition to freeze accounts, with digital asset traders crying foul over bank account freezes.
Flutterwave has attempted to cover up the hack despite a court petition to freeze accounts, with digital asset traders crying foul over bank account freezes.
While APT43 works independently from the government, the hacking group performs in line with the North Korean regime's ambition—to bolster nuclear power and circumnavigate sanctions.
Amid stern regulations, illegal digital currency transactions in South Korea remain high, with authorities registering over $4 billion in 2022 as demand for foreign digital assets grows.
Apart from the four individuals sanctioned by South Korea for plotting and initiating cyberattacks, seven institutions were also penalized for backing North Korea's missile development.
The sanctioned members of the malware gang Trickbot have been listed under OFAC's SDN and will have all their illicit asset gains, which amounted to over $700 million, seized.
The FBI gained access to the network months ago and has been giving decryption keys to Hive victims, before finally seizing the malware infrastructure.
The Chainalysis report says that a record 48% all cyber criminals now prefer centralized exchanges, shining a light on Binance and other unregulated exchanges.
Working similarly with other hacking gangs, BlueNoroff uses fake websites and mimics popular VC firms and financial institutions to scam victims in Europe and the Far East, particularly in Japan.
BitKeep’s hacker reportedly created multiple fake sites to lure unsuspecting victims into updating their wallet apps before stealing their assets.
An investigation by cybersecurity firm Slowmist revealed that the North Korean hackers are working with bad actors from Eastern Europe to steal NFTs using decoy websites.
South Korea reports an average of 1.18 million cyberattacks daily from international gangs, with 55% found to be organized by North Korean hackers, according to the National Intelligence Service.
Nicholas Truglia was part of a cybercrime ring that stole $23.8 million from New York investor Michael Terpin in 2019, but he’s the only one going to jail.