Tag: crypto

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North Korean Hackers steal £1.76bn this year

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North Korean hackers stole this year  £1.76bn ($2.2bn) in Cryptocurrencies according to research firm Chainanalysis. Some theft appear to be linked to North Korean hackers posing as remote IT workers to infiltrate crypto and other technology firms, amid nearly doubling of the bitcoin prices, as incoming US president Donald Trump is expected to be more crypto-friendly. The majority of crypto stolen this year was due to compromised private keys- which are used to control access to users’ assets on crypto platforms. But the most significant incidents this year included the theft of the equivalent of $300m, in bitcoin from Japanese crypto … Continue reading North Korean Hackers steal £1.76bn this year

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Stealing other people’s money

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Caroline Ellison (29) has been sentenced to two years in prison for her role in the collapse of the Cryptocurrency exchange FTX, which has been one of the biggest financial frauds in US history. Ellison is the ex-girlfriend of its founder, Sam Bankman-Fried who was sentenced to 25 years in prison for stealing more than $8bn ( £6.3bn) from customers. As part of a plea deal, Ellison admitted charges including wire fraud and money laundering, and testified against Bankman-Fried. She was also ordered to forfeit more than $11bn ( £8.2bn) to the court and could pay more if she’s ordered … Continue reading Stealing other people’s money

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Discreet alliances, Virtual money-laundering by new cyber super cartels & Silicon Valley wizardry

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The battle between cops and criminals on the new frontier of financial crime. As long as people are stealing money, there has been an industry ready to launder it. This is exactly what happened when our economy went digital.  Rinsed reveals how organised crimes have joined forces with the world’s most sophisticated cybercriminals, resulting in virtual money-laundering machine too intelligent for most regulators to crack.  Geoff reveals how thieves are uniting to successfully get away with the most atrocious crimes on an unprecedented scale. Rinsed follows the money from the outrageous luxury of Dubai hotels to sleepy backwaters of coastal … Continue reading Discreet alliances, Virtual money-laundering by new cyber super cartels & Silicon Valley wizardry