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Cryptocurrency News Articles
The Internet Archive Is Under Attack, and the US Government Just Auctioned Off $4.4B Worth of Bitcoin
Oct 12, 2024 at 06:05 pm
The Internet Archive is under attack. On top of multiple extinction-threatening lawsuits against the organization that created and maintains the Wayback Machine, hackers this week breached the Internet Archive, stole 31 million user account details, and defaced its website—all while archive.org struggled to stay online thanks to a barrage of distributed denial-of-service attacks.
The Internet Archive is in the midst of a legal battle, with multiple lawsuits threatening to shut down the organization behind the Wayback Machine. Hackers breached the archive this week, stealing 31 million user account details and defacing its website. Meanwhile, archive.org faced a barrage of distributed denial-of-service attacks, rendering the site temporarily inaccessible as of Friday.
In another development, a judge cleared the way for the US Treasury Department to take possession of 69,000 bitcoins stolen from the Silk Road dark web market. However, the former IRS investigator who personally seized the bitcoins, Tigran Gambaryan, remains in a Nigerian jail on charges related to his current employer, Binance. Members of Congress have urged the US government to intervene and secure Gambaryan's release. The seized bitcoins, now valued at $4.4 billion, will likely be auctioned off.
Security researchers uncovered a dangerous malware that infiltrates Linux machines and employs various techniques to evade detection. Named Perfctl, the malware conceals itself by creating files that resemble those typically found in Linux instances and using tricks to prevent admin tools from recording its activities. This malware aims to remain undetected on infected machines to carry out a range of malicious activities, with researchers estimating that millions of Linux devices could be vulnerable.
Finally, we delve into the implications of Google's decision not to eliminate third-party tracking cookies in its Chrome browser, highlighting how it continues to impact your privacy.
And that's not all. Each week, we round up the security and privacy news we didn't cover in depth ourselves. Click on the headlines to read the full stories. Stay safe out there.
The FBI Created a Crypto Coin to Catch Fraudsters, Impacting Some Retail Investors
Police use of honeypots to catch cybercriminals in the act is nothing new, but creating an entire cryptocurrency to snare pump-and-dump schemers? Now, that's something special. The US Department of Justice revealed this week that the FBI created a new Ethereum-based crypto token, NexFundAI, to trick and apprehend people who manipulate crypto markets.
The investigation led to charges against 18 individuals and entities for allegedly defrauding investors through a pump-and-dump scheme involving NexFundAI. However, the blast radius of the scheme also impacted some regular retail investors who are not accused of any crimes, though US officials did not provide details about those investments. A US prosecutor involved in the case told reporters that the investigation netted a total of $25 million in funds, which will be returned to investors. Trading on NexFundAI has since been disabled.
National Public Data Files for Bankruptcy After Catastrophic Breach
National Public Data, a data broker based in Florida, is having a banner year—in the worst possible way. In August, hackers published 2.9 billion records stolen from NPD last December, which included names, mailing addresses, phone numbers, email addresses, and Social Security numbers—a giant trove that the hackers claimed impacted “the entire population of USA, CA, and UK.” The inevitable lawsuits followed against NPD, which is now filing for bankruptcy. Those proceedings have revealed new details, including the fact that NPD is run by a single person, Salvatore Verini, Jr, who operated the business out of his home on about $2,500 worth of equipment. A document filed in a bankruptcy court by one of NPD's debtors states that the breach may have impacted “hundreds of millions” of people.
Russia and Turkey Block Discord
Discord users in Russia and Turkey this week suddenly found themselves unable to connect to the online chat application. Authorities in both countries later revealed that Discord had been blocked for allegedly facilitating illegal activity. Russia's internet regulator, Roskomnadzor, said in a statement that the block “is necessary to prevent the use of the messenger for terrorist and extremist purposes, the recruitment of citizens for their commission, the sale of drugs, in connection with the placement of illegal information.” Turkish authorities, meanwhile, banned the messaging app after a court decision involving child abuse material that was allegedly hosted on Discord servers. According to BleepingComputer, some Discord users in those countries were able to access the app using a VPN that routed their connections through foreign IP addresses—potentially good news for Russian troops who were reportedly disrupted by the block.
Police Secretly Use Face Recognition Tech to Link People to Crimes
Law enforcement's use of face recognition technology to pin crimes on Americans is far more widespread than previously known, according to a new investigation by The Washington Post. Records obtained by the Post found that police in 15 states used face recognition tools in “more than 1,000 investigations over the past four years.” Despite its apparently widespread use, police departments frequently seek to hide their use of the technology, which has been found to inaccurately identify people who are then charged with crimes they did not commit. As an assistant public defender in Minnesota told Post reporters, police likely obscure their use of face recognition because
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- XYZVerse (XYZ) – Score Big with the New Meme Coin Heavyweight
- Oct 12, 2024 at 10:20 pm
- A new contender in the crypto arena is merging sports passion with digital currency potential. This innovative coin seeks to challenge popular tokens like PEPE and SHIB by offering staggering returns. Investors are buzzing about this fresh blend of meme culture and athletic enthusiasm. Could this be the next game-changer in the market?
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- Cryptocurrency exchange OKX has announced that it will list the token of X Empire (X), one of the popular Telegram-based games, on the platform
- Oct 12, 2024 at 10:20 pm
- This announcement has created great excitement among gamers and crypto investors. The success behind X Empire draws attention with both the rising trend of in-game tokens and the Tap-to-Earn mechanism.