News

Web3 Security firm TRM Labs has said that attacks carried out on NFT projects implemented through their Discord channels have risen significantly. Most of these attacks are, reportedly, associated with a "wider group" of hackers. In the last two months, over 100 reports of Discord channel hacks have been filed with Chainabuse, a community-led scam reporting platform operated by TRM Labs. Worryingly, in May alone the losses were reported to have been worth more than...

T-Mobile-US has agreed to pay $350m to settle class action claims related to a 2021 cyber-attack which impacted approximately 80 million US residents. On Friday, in a filing with the Securities and Exchange Commission (SEC), it was explained that the money would be used to "fund claims submitted by class members, legal fees of plaintiffs' counsel and the costs of administering the settlement." The mobile network said that it would also put an additional $150million...

A teenager who hacked Snapchat accounts and threatened to post nude images of women online to make money has been jailed for two years. Jasin Bushi, 18, took control of a series of women's social media accounts, posing as the victim to message their friends. He claimed to be facing eviction and asked to borrow money for rent. If the money was not paid, Bushi would threaten to post nude images of the victim on...

The UK's National Crime Agency (NCA) seized millions of pounds worth of cryptocurrency last year as part of its efforts to crack down on serious and organised crime (SOC) and money laundering. In its annual report, the NCA, the UK agency dedicated to tackling SOC, revealed that during the period April 1st 2021 to March 31st 2022 it confiscated $26.9m (March price) in cryptocurrency assets. In the financial year before no cryptocurrency was seized at...

A threat actor used a vulnerability to build a database of phone numbers and email addresses belonging to 5.4 million Twitter accounts. The data from the breach is now up for sale on a hacker forum for $30,000. A threat actor known as 'devil' said on a stolen data market that the database contains information about various accounts, including celebrities. The threat actor's post reads, "hello, today I present you data collected on multiple users...

Last Thursday, Ukraine radio operator TAVR Media became the latest victim of a cyberattack, resulting in the broadcast of a fake message that President Zelenskyy was seriously ill. The State Service of Special Communications and Information Protection of Ukraine (SSSCIP) said in an update: "Cybercriminals spread information that the President of Ukraine, Volodymyr Zelenskyy, is allegedly in intensive care, and his duties are performed by the Chairman of the Verkhovna Rada, Ruslan Stefanchuk." The Kyiv-based holding...

As reported last week, over 69 million users of the site Neopets, a popular virtual pet website, may have had their data compromised in the first known US mega breach of the year. The company took to Twitter to confirm the news. Neopets is owned by Viacom. The Tweet said: “Neopets recently became aware that customer data may have been stolen. We immediately launched an investigation assisted by a leading forensics firm. We are also...

The former Coinbase manager and two co-conspirators have been charged by the U.S. Department of Justice with wire fraud conspiracy and scheme to commit insider trading in cryptocurrency assets. This is the first case of its kind in history and a signal that those involved in cryptocurrency and NFT fraud will be targeted by law enforcement. Coinbase, an American cryptocurrency exchange platform, has almost 90 million registered users and a revenue of $7.84 billion (2021)....

China has fined Didi Global, a global mobility technology, around $1.2 billion (8.026 billion yuan) for violating the country's network security law, personal information protection law, and data security law. The country's cybersecurity regulator, the Cyberspace Administration of China (CAC), also fined two Didi executives 1 million yuan each for the infringements. The ride-hailing service had its app removed from the web by the Chinese authorities last year, prompting an investigation to start. The CAC...

The online pet website, Neopets, has confirmed it fell victim to a data breach, exposing the personal information of approximately 69 million users. The website's source code was also stolen in the attack. Recently, Neopets launched NFTs, which are part of a plan to create an online Metaverse game, in which users can own, raise and play games with their virtual pets. According to reports, the breach occurred on Tuesday and has since been attributed...