Kais Mohammad, 36, a California resident also known under the moniker Superman29, has confessed to conducting unlicensed cryptocurrency exchange services and laundering up to $25 million. From 2014 to 2019, Mohammad operated an illegal virtual currency business called Herocoin.
News and Analysis
Ethereum’s (ETH) top 100 holders have moved more than 700,000 ETH ($191.1 million, at press time) to exchanges, over the past three days. Analysts at crypto analytics platform Santiment believe that this might suggest that the leading altcoin is on the verge of another pump.
Threat intelligence research team Cisco Talos has discovered a cryptocurrency mining botnet attack dubbed Prometei. The main purpose of the actor is to deploy users’ computer systems to mine Monero (XMR). Another possible goal is to steal Bitcoin (BTC) wallets that might be protected by passwords stolen with open-source app Mimikatz.
Former chess champion and human rights advocate Garry Kasparov has called Bitcoin and blockchain technology “very natural choices” in the struggle against human rights violations, Forbes reported on July 23.
During the market crash in March, bad actors stole $8.3 million from DeFi protocol Maker DAO. Latest research from analytical company Blocknative suggested that it was made possible by manipulating the Ethereum (ETH) mempool.
The Office of the Comptroller of the Currency (OCC), which is an independent bureau within the United States Department of the Treasury, has officially allowed federally chartered banks to store cryptocurrency wallet keys.
According to cyber-security firm ESET, the trojan Mekotio, which is known for stealing banking credentials, now directly targets cryptocurrencies.
Security firm Barracuda Networks and UC Berkeley have jointly researched cybercriminals’ behavior once they take over accounts, specifically focusing on the end-to-end lifecycle of a breached account.
This year, Lazarus, a hacker group associated with North Korea, has intensified its cyber attacks to steal cryptocurrencies, antivirus company Kaspersky Lab told the Russian publication Kommersant.
Apple co-founder Steve Wozniak has joined the class action lawsuit against online video-sharing platform YouTube and its parent company Google. The lawsuit revolves around fraudulent videos promoting distribution of Bitcoins (BTC) on behalf of tech celebrities including Wozniak himself, industry-focused media outlet CoinDesk reported on July 22.
The senior executives of Canada’s biggest cryptocurrency exchange Coinsquare have conceded to the request from the Ontario Securities Commission (OSC) to resign, after being charged with falsifying trade volumes.
This June, the turnover of decentralized exchanges reached its all-time high at around $1.6 billion.