Key takeaways Impersonation scams can be low-tech yet highly effective, using fake websites that closely mimic trusted cryptocurrency platforms to deceive users. The CoinDCX case shows how a 7.16 million rupee fraud…
UK-led Operation Atlantic froze over $12M in crypto scam proceeds tied to “approval phishing,” identifying 20,000+ victims and $45M in suspected fraud. Summary UK, US and Canadian agencies ran Operation Atlantic…
A South Korean court has canceled the Financial Intelligence Unit’s (FIU) three-month partial business suspension of Dunamu, the operator of crypto exchange Upbit, according to local reports. Yonhap News Agency reported…
A group of North Korean IT workers made more than $3.5 million in just a few months by faking their identities to work as developers while also attempting to hack crypto projects, according to documents obtained by a…
The quantum threat: Real, but not immediate Ethereum relies on cryptographic systems that remain secure against classical computers. However, sufficiently advanced quantum machines could one day break these systems…
A threat actor known as “Jinkusu” is allegedly selling cybercrime tools designed to bypass Know Your Customer (KYC) checks at banks and crypto platforms. The tool uses deepfakes and voice manipulation to trick KYC…
Opinion by: Dominic Lohberger, chief product officer at Sygnum. Counterparty risk in crypto markets has always moved in cycles. Exchanges default or get hacked. Standards tighten for a while. Then, complacency quietly…
North Korean IT workers have been embedding themselves in crypto companies and decentralized finance projects for at least seven years, according to a cybersecurity analyst. “Lots of DPRK IT workers built the protocols…
The hack of the Solana-based decentralized finance (DeFi) platform Drift Protocol could have been prevented if standard operational security procedures were followed by the Drift team, and may constitute “civil…
Drift Protocol, a decentralized cryptocurrency exchange (DEX), says the recent exploit against the platform was a six-month-long, highly coordinated attack. “The preliminary investigation shows that Drift experienced a…
Cambodia's parliament passed legislation targeting compounds used to defraud victims through scams, including those involving cryptocurrency. In a Friday notice, the Senate of the Kingdom of Cambodia announced that the…
Opinion by: Ido Sofer, founder and CEO at Sodot. The crypto industry is normally well ahead of its game when it comes to pure innovation and functionality, but security is a different matter. For years, custody risk in…