A 20-year-old California man was sentenced to 78 months in prison for serving as a home invader and money launderer in a criminal ring that stole over $250 million in cryptocurrency. [...]

A joint international operation involving U.S. and Chinese authorities arrested at least 276 suspects and shut down nine cryptocurrency investment fraud centers. [...]

Austrian and Albanian authorities dismantled a criminal ring accused of running a large-scale cryptocurrency investment fraud operation that caused estimated losses of over €50 million ($58.5 million) to victims worldwide. [...]

​22-year-old Evan Tangeman of Newport Beach, California, was sentenced to 70 months in prison for laundering funds stolen in a massive $230 million cryptocurrency heist. [...]

Masquerading as popular cryptocurrency wallets, the apps can hijack recovery phrases and private keys.

The post Dozens of Malicious Crypto Apps Land in Apple App Store appeared first on SecurityWeek.

The hackers targeted LayerZero’s DVN, compromising certain RPCs and DDoSing others to trigger failover to the poisoned infrastructure.  

The post $290 Million Kelp DAO Crypto Heist Blamed on North Korea appeared first on SecurityWeek.

A set of 26 malicious apps on Apple App Store impersonate popular wallets, such as Metamask, Coinbase, Trust Wallet, and OneKey, to steal recovery or seed phrases and drain them of cryptocurrency assets. [...]

A British man, believed to be the leader of the Scattered Spider cybercrime collective, has pleaded guilty in the United States to charges of wire fraud and aggravated identity theft. [...]

Kyrgyzstan-based cryptocurrency exchange Grinex has suspended its operations after suffering a $13.7 million hack attributed to Western intelligence agencies. [...]

The Kraken cryptocurrency exchange announced that a cybercrime group is trying to extort the company by threatening to release videos showing internal systems that host client data. [...]

A malicious Ledger Live app for macOS available from Apple's App Store has drained approximately $9.5 million in cryptocurrency from 50 victims in just a few days this month. [...]

Law enforcement in the US, UK and Canada identified more than $45 million in cryptocurrency and froze $12 million.

The post International Operation Targets Multimillion-Dollar Crypto Theft Schemes appeared first on SecurityWeek.

An international law enforcement action led by the U.K.'s National Crime Agency (NCA) has identified over 20,000 victims of cryptocurrency fraud across Canada, the United Kingdom, and the United States. [...]

The security hole affected an EngageLab SDK and it was reported by Microsoft to the vendor one year ago.

The post Microsoft Finds Vulnerability Exposing Millions of Android Crypto Wallet Users appeared first on SecurityWeek.

A hacker transferred more than 50 bitcoin from the Bitcoin ATM operator’s wallets after stealing credentials. 

The post $3.6 Million Stolen in Bitcoin Depot Hack appeared first on SecurityWeek.

The Drift Protocol says that the $280+ million hack it suffered last week was the result of a long-term, carefully planned operation that included building "a functioning operational presence inside the Drift ecosystem." [...]

The attackers prepared infrastructure and multiple nonce-based transactions, took over an admin key, and drained five vaults.

The post North Korean Hackers Drain $285 Million From Drift in 10 Seconds appeared first on SecurityWeek.

The Drift Protocol lost at least $280 million after a threat actor took control of its Security Council administrative powers in a planned, sophisticated operation. [...]

U.S. prosecutors have charged a Maryland man with stealing more than $53 million after hacking the Uranium Finance crypto exchange twice and laundering the proceeds through a cryptocurrency mixer. [...]

Google researchers have shown that breaking the encryption of Bitcoin and Ethereum requires 20x fewer qubits. 

The post Google Slashes Quantum Resource Requirements for Breaking Cryptocurrency Encryption appeared first on SecurityWeek.