#cyber crime News

Antivirus Provider Announces Fix for WannaCryFake Rasomware

Antivirus Provider Announces Fix for WannaCryFake Ransomware

September 26, 2019 by Ashwath Balakrishnan at Bitcoin

Emisoft has released a free fix for the WannaCryFake variant of the WannaCry ransomware that has been targeting businesses since 2017. The software aims to help users get access to their encrypted data without paying the ransom demanded by hackers. Files are locked using the AES-256 encryption mechanism, and Emisoft's...

UK and Dutch Authorities Arrest Six in €24 Million Crypto Exchange Scam

June 29, 2019 by Edoardo Vecchio at Bitcoin, Crime

English and Dutch authorities have arrested six people who created a fake crypto exchange website that managed to steal around €24 million worth of crypto from more than 4000 victims in over 12 countries according to a Europol press release, June 25, 2018. Growth in Cyber Police Powers On the...

Bitcoin Electrum DDos Malware Red Black End of the World

Report: DDoS Malware Attacks on Electrum Affects 152,000 Hosts

May 1, 2019 by Ashwath Balakrishnan at Bitcoin, Crime, Cybersecurity, News, wallet

A report from Malware Bytes Labs, April 29, 2019, reveals the long-standing malware issue in the Electrum wallet has reached 152,000 hosts. Users were asked to update their wallets after which they were infected with a bug. After developers launched countermeasures, the hackers launched a series of DDoS attacks. Issues...

Blockchain Firm Fights Bitcoin Fraud With Justice Department Cybercrime Chief

May 15, 2018 by Samantha Chang at Blockchain, Business, Crime, Mining, Tech

Blockchain technology company Bitfury is serious about stamping out bitcoin scams and now has the muscle to fight it. Bitfury has hired Michael DuBose, the former head of the Computer Crime unit at the U.S. Department of Justice, to roll out its bitcoin blockchain tracking product, Crystal. DuBose said in...

Founder of Bitfunder, Jon Montroll, Is No Stranger to the Legal System

March 8, 2018 by Priyeshu Garg at Bitcoin, Business, Finance, News

The founder of the now-defunct Bitcoin exchange Bitfunder, Jon Montroll, has emerged as an alleged fraudster with a string of criminal cases behind him. In bringing the seriousness of the offense to the fore, Montroll is being sued for fraudulent behavior by the Securities & Exchange Commission (SEC). Coins, Lies...

Programmer Arrested in China Over Multi-Million Dollar Bitcoin Theft

December 30, 2017 by Rahul Nambiampurath at Bitcoin, News

A news report by the Chinese television channel, CCTV13, outlined a case of bitcoin-related fraud in the Zhongyuan Oil Field Public Security Bureau of Henan Province. The police report was first filed by a Henan resident, Wu, on July 27, 2017, in which he claimed that 188.31 bitcoins, or just...

A “Bit” Insecure: IT Security Expert Leonhard Weese Weighs In

October 21, 2016 by Michael Scott at Bitcoin, Interviews, News, Tech

Amid cryptocurrency’s rise in prominence, a major threat to its advancement looms. The relentless rate in which security attacks are occurring. In 2016 alone, these breaches appear to be occurring at an unprecedented rate, many of which are documented here at BTCManager. Arguably, The DAO attack has been the most...

Bitcoin Regulations May Be Coming to Philippines After $81M Cyber Heist

June 7, 2016 by Evander Smart at News, Regulation

Many countries around the world, despite media depictions, have a laissez-faire approach to Bitcoin at the present time. Bitcoin isn’t bothering the government, and hasn’t worked into the mainstream as of yet; in return, governments haven’t bothered bitcoin in most parts of the world. Bitcoin has begun to pick up...