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Major Argentine Telecom Falls Victim to $7.5M Monero Ransomware Attack

Telecom, Argentina's largest telecommunications company, has fallen victim to a ransomware attack. Hackers are demanding $7.5 million in Monero (XMR) — an amount that will rise to $15 million if the company does not pay within 48 hours.Argentina's major telephone company, Telecom, just got hacked. Hackers requesting a ransom of

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Hackers Demand $7.5 Million in Monero Following Phone Company Hack

Reports have emerged that hackers have demanded $7.5 million in Monero following an attack on Telecom Argentina S.A, a major telecom provider that serves the country’s north region. Anonymous sources claim the cyberattack has been on-going since Wednesday. At first, staff attributed poor IT performance to glitches within the system. But investigations

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1000 Corporate Systems Infected With Monero Mining Malware

The Blue Mockingbird malware gang has infected more than 1000 business systems with Monero mining malware since December 2019.The global scale of the hacker group’s operations was revealed by cloud security firm Red Canary on May 26.The report outlined the group’s methodology. The malware attacks servers running ASP.NET applications and

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Another Exchange Delists Monero Amidst Ongoing Sex Scandal

Cryptocurrency exchange, Bithumb, officially announced that they will be delisting Monero (XMR) from their trading platform as of June 1.According to local media outlet, Newsway, Bithumb’s delisting auditory board decided to permanently remove the coin after it was provisionally delisted in April.Recently, XMR has been in the spotlight due to

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Sodinokibi Crypto Ransomware Switches from Bitcoin to Monero to Hide Money Trail

A kind of ransomware — a malware that encrypts user data and asks for a ransom to restore access to it — switched from Bitcoin (BTC) to Monero (XMR) to better protect the hackers’ identities.According to an April 11 report by cybersecurity news outlet BleepingComputer, using Monero will make

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