Cryptocurrency Theft | Breaking Cybersecurity News | The Hacker News

Japanese and U.S. authorities have formerly attributed the theft of cryptocurrency worth $308 million from cryptocurrency company DMM Bitcoin in May 2024 to North Korean cyber actors. "The theft is affiliated with TraderTraitor threat activity, which is also tracked as Jade Sleet, UNC4899, and Slow Pisces," the agencies said . "TraderTraitor activity is often characterized by targeted social engineering directed at multiple employees of the same company simultaneously." The alert comes courtesy of the U.S. Federal Bureau of Investigation (FBI), the Department of Defense Cyber Crime Center, and the National Police Agency of Japan. It's worth noting that DMM Bitcoin shut down its operations earlier this month in the aftermath of the hack. TraderTraitor refers to a North Korea-linked persistent threat activity cluster that has a history of targeting companies in the Web3 sector, luring victims into downloading malware-laced cryptocurrency apps and ultimately ...

Five alleged members of the infamous Scattered Spider cybercrime crew have been indicted in the U.S. for targeting employees of companies across the country using social engineering techniques to harvest credentials and using them to gain unauthorized access to sensitive data and break into crypto accounts to steal digital assets worth millions of dollars. All of the accused parties have been charged with one count of conspiracy to commit wire fraud, one count of conspiracy, and one count of aggravated identity theft. They include - Ahmed Hossam Eldin Elbadawy, 23, aka AD, of College Station, Texas Noah Michael Urban, 20, aka Sosa and Elijah, of Palm Coast, Florida Evans Onyeaka Osiebo, 20, of Dallas, Texas Joel Martin Evans, 25, aka joeleoli, of Jacksonville, North Carolina; and Tyler Robert Buchanan, 22, aka tylerb, of the U.K. While the name Scattered Spider  is not directly referenced in the indictment document, it has been described as "a loosely organized financi...

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