financial fraud

Furthermore, Southeast Asia has emerged as a nexus for organized cybercrime syndicates. A recent UN report has documented how these groups are turning more and more to stablecoins. Digital currencies are intended to have a stable value against fiat assets such as the US dollar. Instead, they’re becoming the governing...

ClipBanker is a Clip Banking malware which secretly monitors, collects and modifies clipboard information within infected devices. This malware is a manifestation of that larger clipboard hijackers malware family. It would be a dangerous and damaging blow to the cryptocurrency community. Cybercriminals take advantage of this technique to silently replace...

Hugh Austin, a 62-year-old from Port Jefferson, New York, will spend the next 18 years in prison for orchestrating a $12 million crypto fraud. Justice, you might think, has been served. I'm here to tell you that Austin's crimes are merely a symptom of a much larger, more insidious problem:...

The cryptocurrency landscape is at a decisive moment. Illicit activities like fraud and counterfeiting are increasing, with experts predicting their value will exceed $51 billion in 2024. This alarming increase not only proves a demand for more security measures but greater security awareness in the digital asset space.So far in...

OM token saga isn’t just a short-term hiccup — it’s a dangerous, flashing red ahead sign for the entire crypto industry. We’ve been sold a lie, and more importantly it’s time that we held them accountable. It’s not just any one of these tokens that’s at risk. There’s a systemic...

Cryptocurrency—while empowering new opportunities, innovation, and investment—has created an environment ripe for cybercrime and the monetization of crime. Law enforcement agencies are constantly playing catch-up, developing and refining methods to track and recover stolen cryptocurrency. MetaBlock X is exploring the efficacy of these approaches. It will address the issues users...

Eight and a half years. That’s the sentence Zak Coyne was given for developing LabHost, a phish-as-a-service that was responsible for defrauding victims out of immeasurable amounts. As much as I am happy for the justice, though, let’s not kid ourselves. This isn't a victory lap. It's a stark reminder...

Phantom, a prominent crypto wallet provider, faces a lawsuit following a $500,000 memecoin exploit allegedly caused by a security flaw in its system. The firm claims over 15M active users and more than $20B in token swaps in 2024 so far. Instead, it now finds itself under the shadow of...