Tag: cryptocurrency

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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