OFAC Warns That Firms Helping Victims With Ransomware Payouts Risk Violating Its Rules
If you assist a ransomware victim in paying out to cyber attackers, you could end up facing civil penalties, OFAC says. Source
Read More
victims
Ransomware Victims Are Fighting Back Against Their Attackers and Winning
The No More Ransom decryption tool repository, an initiative launched by Europol to combat ransomware attacks, has saved individuals $632 million in ransom demands since 2016.According to the announcement published by Europol, the repository is celebrating its fourth anniversary. Over the past four years, the repo has gathered over 4.2
Read More
It’s Not Too Late For Some Victims of the Twitter Scam To Get Their Money Back
There are still 14 victims of the massive Twitter hack that could still get their Bitcoin back.These victims sent some Bitcoin to a hacker address, but their transactions are still unconfirmed on the Bitcoin network. They are currently hanging in limbo, or Bitcoin mempool. These transactions seem to be unconfirmed
Read More
How Bitcoin of America’s Robust Compliance Program Made Possible the Restitution of Half a Million Dollars to Fraud Victims
Robust and effective compliance programs for virtual asset exchanges such as Bitcoin of America, which owns and operates a crypto exchange platform as well as a nationwide network of bitcoin ATM locations, isn’t simply a matter of operating a system for CIP, KYC, and AML procedures.An interview with Bitcoin
Read More
Mobile Ransomware That Doesn’t Ask Victims For Crypto Emerges
A report from cybersecurity firm Check Point unveiled a new ransomware attack, where cybercriminals pose as the FBI to demand victims pay their "fine" by credit card. According to the April 28 report, the malware — known as "Black Rose Lucy" — is unusual, since there are no ransom payments involving
Read More
Cryptopia Update: Victims of Hacked Bitcoin Exchange to Receive $100M Compensation
A Christchurch High Court has ruled that over 800,000 users of the now-defunct cryptocurrency exchange platform Cryptopia, are entitled to the digital assets held in their accounts before the hack occurred. Cryptopia Users Win $100M Crypto Assets Court Case According to the documents of a Christchurch High Court verdict published on Wednesday
Read More
IOTA Founder Confirms He Will Repay Victims of $1.97 Million Hack
On Feb. 12 Iota (MIOTA) suffered an attack targeting its official desktop wallet. The Iota network went offline on the same day, and has remained down since.On March 6, David Sønstebø, the founder of Iota, revealed that he will personally fully repay all 46 victims of last month’s Iota
Read More
Half of All Coronavirus Victims Outside China Are Trapped – In One Place
Half of all coronavirus cases outside of China are all on the Diamond Princess cruise ship. The number of infected people on board rose by 88 overnight to a total of 542. Scientists say it’s obvious the quarantine hasn’t worked. A cruise ship docked off the coast of Japan has become an ‘incubator’
Read More
Coinbase Hands Nearly $1M to Cryptsy Victims After Settling Class Action Lawsuit
Coinbase has settled a class action lawsuit brought against it by users of the former Cryptsy cryptocurrency exchange.According to a set of court documents dated Nov. 27 and Dec. 10, 2019, Coinbase has agreed to turn $962,500 over to an escrow agent responsible for handling class action claims related to
Read More
QuadrigaCX Victims Request Proof of Gerald Cotten’s Death By Exhuming Body
Canadian law firm Miller Thomson has made a request to the Royal Canadian Mounted Police (RCMP) to conduct an exhumation and post-mortem autopsy on the body of Gerald Cotten, the deceased owner of the now-defunct Canadian crypto exchange QuadrigaCX.On Dec. 13, the Miller Thomson lawyers explained in a letter
Read More