News and Analysis

Bitcoin ATMs Operator Faces 30 Years in Prison for Money Laundering

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.

Whales Transfer Over 700K ETH in ‘Pre-Pump Positioning’

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.

Researchers Disclose Bot in Disguise Mining Crypto and Stealing User Data

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.

Chess Ex-Champion Garry Kasparov: Bitcoin is Natural Choice in Fight Against Human Rights Violations

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.

Report: Hackers Took Advantage of ETH Mempool Congestion to Steal $8.3M MakerDAO

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.

US Regulator Greenlights Banks to Provide Custody Services for Crypto

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.

Banking Trojan Mekotio Now Targets Cryptocurrencies

According to cyber-security firm ESET, the trojan Mekotio, which is known for stealing banking credentials, now directly targets cryptocurrencies.

New Report Reveals How Long Hackers Keep Using Compromised Accounts

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.

North Korean Hackers Create Crypto-Trading Apps to Steal Cryptocurrencies

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.

Steve Wozniak Sues YouTube For Fake Bitcoin Giveaway Ads

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.

Execs of Crypto Exchange Coinsquare Resign Over Market Manipulation Accusations

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.

Trading Volumes on DEX Hit New Record Reaching $1.6 Billion

This June, the turnover of decentralized exchanges reached its all-time high at around $1.6 billion.