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Low-wage support workers become a new gateway for cyberattacks

techspot.com Skye Jacobs 2025-09-02 16:53:00

Editor's take: As businesses increasingly rely on outsourced tech support to cut costs, the risks associated with these operations are coming into sharper focus. The threat is no longer just about technical vulnerabilities; it's about the people behind the screens, and the growing pressure they face from both economic hardship and sophisticated cybercriminals. Hackers are increasingly turning the very systems designed to help customers – outsourced tech support and call centers – into powerful

Topics: attackers coinbase cryptocurrency hackers support

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DOJ files to seize $225 million in crypto from scammers

theverge.com Adi Robertson 2025-09-04 12:53:53

The Department of Justice reported yesterday that it filed a civil complaint to seize roughly $225.3 million in cryptocurrency linked to crypto investment scams. In a press release, the DOJ said it traced and targeted accounts that were “part of a sophisticated blockchain-based money laundering network” dispersing funds taken from more than 400 suspected victims of fraud. The 75-page complaint filed in the US District Court for the District of Columbia lays out more detail about the seizure. Ac

Topics: complaint crypto doj funds victims

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US recovers $225 million of crypto stolen in investment scams

bleepingcomputer.com Unknown 2025-09-04 16:33:01

The U.S. Department of Justice has seized more than $225 million in cryptocurrency linked to investment fraud and money laundering operations, the largest crypto seizure in the history of the U.S. Secret Service. The state's investigators used blockchain analysis to trace the funds stolen from over 400 victims, which were then laundered through a complex network of cryptocurrency addresses to obscure their origin. "The complaint alleges that the cryptocurrency addresses that held the over $225

Topics: addresses blockchain cryptocurrency fraud groups

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Pro-Israel hackers hit Iran's Nobitex exchange, burn $90M in crypto

bleepingcomputer.com Unknown 2025-09-05 20:56:00

The pro-Israel "Predatory Sparrow" hacking group claims to have stolen over $90 million in cryptocurrency from Nobitex, Iran's largest crypto exchange, and burned the funds in a politically motivated cyberattack. The attack occurred on June 18, 2025, with Nobitex first reporting the breach on X at 2:24 AM EST. "This morning, June 19, our technical team detected signs of unauthorized access to a portion of our reporting infrastructure and hot wallet," reads Nobitex's post. "Immediately upon de

Topics: addresses crypto internal nobitex vanity

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Senate passes GENIUS Act—criticized as gifting Trump ample opportunity to grift

arstechnica.com Unknown 2025-09-05 20:54:52

Critics have long warned that Donald Trump's pro-cryptocurrency push as president, coupled with his links to his family's growing crypto empire, create substantial conflicts of interest that must be probed. But so far, nothing has stopped Trump's family from seemingly benefiting from the presidency while expanding their empire. And now, Trump is rushing regulation through Congress that many Democrats fear could create his biggest conflict of interest yet. On Tuesday, the Senate passed the GENI

Topics: crypto financial liberty stablecoin trump

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DOJ seizes record $225 million in crypto tied to global 'pig butchering' scams

cnbc.com Mackenzie Sigalos 2025-09-06 08:51:16

The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called "pig butchering" scams that have cost victims billions globally. Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in legitimate crypto ventures, only to be scammed by criminal networks often operating overseas. "Thi

Topics: crypto cryptocurrency investment seizure victims

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Senate passes GENIUS stablecoin bill in a win for the crypto industry

theverge.com Tina Nguyen 2025-09-07 17:48:00

is a senior reporter for The Verge, covering the Trump administration, Elon Musk’s takeover of the federal government, and the tech industry’s embrace of the MAGA movement. In a 68-30 vote on Tuesday evening, the Senate overwhelmingly passed the GENIUS Act with bipartisan support. Eighteen Democrats joined the majority of Republicans in passing the bill, which is the first to establish a federal regulatory framework for stablecoins, crypto tokens that are pegged to the value of the US dollar.

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Senate passes GENIUS stablecoin bill, giving crypto industry first major legislative win

cnbc.com Mackenzie Sigalos 2025-09-08 00:42:59

The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty Images The Senate on Tuesday passed the GENIUS Act, a landmark bill that for the first time establishes federal guardrails for U.S. dollar-pegged stablecoins and creates a regulated pathway for private companies to issue digital dollars with the blessing of the federal government. The bill passed with a 68-30 vote. It's a milestone day for the crypto industr

Topics: act crypto senate stablecoins trump

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Coinbase beefs up subscription plan by offering it with American Express credit card

cnbc.com Tanaya Macheel 2025-09-15 04:07:09

Coinbase on Thursday introduced its first branded credit card in partnership with American Express . The card will be available exclusively to U.S. members of Coinbase One, the cryptocurrency platform's monthly subscription product that offers zero trading fees, increased staking rewards and other perks. Additionally, Coinbase is also creating a lower-cost "Basic" subscription tier. Cardholders will be able to earn between 2% and 4% back in bitcoin , beginning this fall, and take advantage of

Topics: american card coinbase crypto express

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Shaq Signs $1.8 Million Check to End His Crypto Drama

gizmodo.com Luc Olinga 2025-09-15 12:40:17

Shaquille O’Neal can finally breathe a sigh of relief. The basketball legend turned businessman and TV personality has agreed to pay $1.8 million to settle a class-action lawsuit over his role in promoting the now-defunct cryptocurrency exchange FTX. While the payment closes a legal chapter for the former Laker, it also marks a turning point in how courts are treating celebrity endorsements in the volatile world of crypto, a space where stardom once offered both hype and cover. O’Neal is among

Topics: crypto ftx million neal venture

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John L. Young, the Guy Who Created Wikileaks Before Wikileaks, Dies at 89

gizmodo.com Luc Olinga 2025-09-16 15:50:56

John L. Young, often hailed as an under-recognized hero of the digital age and co-founder of the groundbreaking transparency platform Cryptome, passed away on March 28th in New York City. His death, in relative anonymity, stands in stark contrast to the thunderous revelations that defined his pioneering work. His passing was quietly acknowledged by Archinect, a professional publication for architects, on June 4th: “John L. Young, architect and the co-founder (with his wife Deborah Natsios) of

Topics: cryptome documents publication wikileaks young

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Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist

cnbc.com Mackenzie Sigalos 2025-06-01 13:31:25

Ben Zhou, chief executive officer of ByBit, during the Token2049 conference in Singapore, on Thursday, Sept. 14, 2023. Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what's estimated to be the largest crypto heist in history. The attack compromised Bybit's cold wallet, an offline storage system designed for security. The stolen funds, primarily in ether , were quickly transferred across multiple wallets and liquidated through various p

Topics: bybit crypto elliptic group stolen

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Crypto exchange Bybit says it was hacked and lost around $1.4B

techcrunch.com Lorenzo Franceschi-Bicchierai 2025-06-01 10:00:33

Crypto exchange Bybit announced on Friday that “a sophisticated attack” led to the theft of Ethereum (ETH) from one of the company’s offline wallets. Bybit’s chief executive and co-founder Ben Zhou said in a livestream that the hackers stole around 401,346 ETH, which at the time of the theft amounts to about $1.4 billion. Both crypto security firm Elliptic, as well as crypto security researcher ZachXBT, the total amount of ETH stolen is worth around $1.4 billion, making this the largest known

Topics: according billion bybit crypto theft

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Brian Armstrong says Coinbase spent $50M fighting SEC lawsuit — and beat it

techcrunch.com Julie Bort 2025-06-01 13:38:22

Coinbase on Friday said the SEC has agreed to drop the lawsuit against the company with prejudice, meaning it cannot be filed again. The move, which is still subject to the approval of the SEC’s Commissioners, is yet another signal that the Trump administration plans to be more friendly to crypto than the SEC was under former leader Gary Gensler. The SEC’s lawsuit, filed in 2023, alleged that crypto assets were securities and that Coinbase was operating as “an unregistered national securities

Topics: armstrong coinbase crypto said sec

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Coinbase boss claims SEC will drop crypto lawsuit

feeds.bbci.co.uk Unknown 2025-06-01 14:00:10

Coinbase boss claims SEC will drop crypto lawsuit Coinbase chief executive Brian Armstrong said the potential dismissal of the lawsuit would be "hugely vindicating". Its boss Brian Armstrong said in a post on X on Friday that "an agreement" had been reached with the regulator's staff to dismiss the legal action which would see it pay no fines or make any changes to how it operates, when confirmed. The US regulator alleged in 2023 that Coinbase had violated laws by offering investments that ar

Topics: coinbase crypto exchange said sec

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Coinbase says Trump’s SEC has ended its enforcement case against the crypto company

engadget.com Unknown 2025-06-01 14:13:31

Coinbase says that the SEC has agreed to end an enforcement case that accused it of illegally running an unregistered securities exchange. This could signal a major change in how the US government will enforce the crypto market now that Trump is in office. The lawsuit, which was filed during the Biden administration , has long-been considered an attempt to bring the crypto industry under the same investor-protection rules that govern stocks and other securities. Coinbase had been fighting the l

Topics: coinbase crypto market sec securities

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Hacker steals record $1.46 billion from Bybit ETH cold wallet

bleepingcomputer.com Unknown 2025-06-01 13:41:59

Cryptocurrency exchange Bybit revealed today that an unknown attacker stole over $1.46 billion worth of cryptocurrency from one of its ETH cold wallets. "The incident occurred when our ETH multisig cold wallet executed a transfer to our warm wallet. Unfortunately, this transaction was manipulated through a sophisticated attack that masked the signing interface, displaying the correct address while altering the underlying smart contract logic," Bybit explained. "As a result, the attacker was ab

Topics: bybit cold cryptocurrency eth incident

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SEC’s “scorched-earth” lawsuit against Coinbase to be dropped, company says

arstechnica.com Unknown 2025-06-01 12:55:37

On Friday, a Coinbase executive declared the "war against crypto" over—"at least as it applies to Coinbase." According to Coinbase Chief Legal Officer Paul Grewal, the US Securities and Exchange Commission (SEC) plans to drop its lawsuit against the largest US cryptocurrency exchange as the agency shifts to embrace Donald Trump's new approach to regulating cryptocurrency in the US. The SEC sued Coinbase in 2023, accusing Coinbase of "operating its crypto asset trading platform as an unregister

Topics: coinbase crypto exchange gensler sec

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Crypto exchange Bybit says it was hacked and lost around $1.4 billion

techcrunch.com Lorenzo Franceschi-Bicchierai 2025-06-01 15:00:33

Crypto exchange Bybit announced on Friday that “a sophisticated attack” led to the theft of ethereum (ETH) from one of the company’s offline wallets. Bybit’s chief executive and co-founder Ben Zhou said in a livestream that the hackers stole around 401,346 ETH, which at the time of the theft amounts to about $1.4 billion. Both crypto security firm Elliptic, as well as crypto security researcher ZachXBT, the total amount of ETH stolen is worth around $1.4 billion, making this the largest known

Topics: according billion bybit crypto theft

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A cryptocurrency scam that turned a small town against itself

news.ycombinator.com David Yaffe-Bellany 2025-06-01 08:09:22

Online scams are as old as the internet, but the rise of crypto has given con artists a valuable new tool — digital coins that can be transferred instantly, without oversight from banks legally obligated to monitor transactions for malfeasance. In 2023, crypto fraud cost American investors an estimated $4.8 billion, according to the F.B.I. The scams are so common that law-enforcement authorities have taken to calling them by a pithy name: Pig butchering, a rough translation of an expression wide

Topics: crypto hanes heartland mitchell scams

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Latest Tech News

Low-wage support workers become a new gateway for cyberattacks

DOJ files to seize $225 million in crypto from scammers

US recovers $225 million of crypto stolen in investment scams

Pro-Israel hackers hit Iran's Nobitex exchange, burn $90M in crypto

Senate passes GENIUS Act—criticized as gifting Trump ample opportunity to grift

DOJ seizes record $225 million in crypto tied to global 'pig butchering' scams

Senate passes GENIUS stablecoin bill in a win for the crypto industry

Senate passes GENIUS stablecoin bill, giving crypto industry first major legislative win

Coinbase beefs up subscription plan by offering it with American Express credit card

Shaq Signs $1.8 Million Check to End His Crypto Drama

John L. Young, the Guy Who Created Wikileaks Before Wikileaks, Dies at 89

Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist

Crypto exchange Bybit says it was hacked and lost around $1.4B

Brian Armstrong says Coinbase spent $50M fighting SEC lawsuit — and beat it

Coinbase boss claims SEC will drop crypto lawsuit

Coinbase says Trump’s SEC has ended its enforcement case against the crypto company

Hacker steals record $1.46 billion from Bybit ETH cold wallet

SEC’s “scorched-earth” lawsuit against Coinbase to be dropped, company says

Crypto exchange Bybit says it was hacked and lost around $1.4 billion

A cryptocurrency scam that turned a small town against itself

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