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North Korean hackers deploying “Durian” malware targeting South Korean crypto firms. The resurgence of dormant hackers like Careto underscores the evolving cybersecurity landscape. Hacktivist groups like SiegedSec escalate offensive operations amidst global socio-political events. The first quarter of 2024 has proven particularly eventful, with notable findings and trends emerging from the frontline of cyber security. From the deployment of sophisticated malware variants to the resurgence of long-dormant threat actors, the landscape of cyber threats continues to shape-shift, presenting new challenges for security experts worldwide. A recent report by the Global Research and Analysis Team (GReAT) at Kaspersky made a striking revelation shedding light on the activities of various advanced persistent threat (APT) groups. The Durian malware targeting South Korean crypto firms Among the findings made by GReAT is the emergence of the “Durian...

CoinEx has rebuilt its wallet system following a $70 million hack and is set to resume deposit and withdrawals for select cryptocurrencies. Cryptocurrency exchange CoinEx is set to resume deposit and withdrawals for its users more than a week after it suffered a $70 million hack due to compromised hot wallet private keys. In previous correspondence with Cointelegraph, the exchange outlined its priority to build and deploy a new wallet system to facilitate activities for the 211 blockchains and 737 tokens that it served before the hacking incident. The latest statement from the exchange announces the resumption of deposit and withdrawal services of BTC, ETH, USDT, USDC and other tokens from Sept. 21. CoinEx will resume deposits and withdrawals with 11 cryptocurrencies. CoinEx will update deposit addresses for the listed tokens and will generate new deposit addresses for its users. CoinEx customers were advised not to deposit into old addresses on the platform, as this would result ...

While North Korea leads the world in crypto crime, crypto analytic firms have estimated that DPRK hackers have found it increasingly difficult to launder stolen crypto funds. North Korea leads the world in crypto crime , with over 15 documented instances of cyber theft amounting to $1.59 billion in stolen funds . However, the recent crypto market turmoil has wiped out millions of dollars from the country’s stolen crypto portfolio. The crypto market rundown that started in May wiped out hundreds of billions of dollars from the crypto industry, where most of the crypto assets fell by over 70% from their top. As a result majority of stolen crypto funds by the Democratic People's Republic of Korea (DPRK) hackers have registered a significant plunge as well. A report from Coinclub.com indicates that North Korea has deployed 7,000 full-time hackers to raise funds through cyberattacks, ransomware and crypto protocol hacks. The $600 million Ronin bridge hack in April was also linked to t...

The downfall of Mt. Gox continues to highlight the importance of greater transparency and accountability within the cryptocurrency industry. In the early days of Bitcoin, Mt. Gox was by far the most prominent Bitcoin (BTC) exchange in the world. The Tokyo-based company was responsible for more than 70% of all Bitcoin transactions in 2013. However, by early 2014, it had collapsed spectacularly, leaving investors and traders with losses amounting to hundreds of millions of dollars.  The downfall of Mt. Gox was a defining moment in the history of Bitcoin and cryptocurrency in general, with several regulators, market analysts and industry experts continuing to study the case to prevent such instances in the future. Moreover, the saga has continued to serve as a cautionary tale for the cryptocurrency industry, highlighting the potential risks and pitfalls associated with digital currency trading and investments. Mt. Gox: The early years Mt. Gox was launched in 2010 by Jed McCaleb, a progra...

The policy clarification stated that participants cannot make threats, use extortion, or access customer data beyond what is accidental or occurs in good faith. In a blog post on November 30, Coinbase sought to clarify its bug bounty program policies in response to the recent Uber data breach verdict. The company stated that it still welcomes “responsible” disclosure of security issues, but users who abuse this process will not be awarded bug bounties: “The key word in all of this is ‘responsible’. In the wake of the recent Uber verdict, there is a lot of concern in the industry about bug bounty submissions becoming extortion attempts. At Coinbase, [...] we’ve put a lot of thought into how we operate our bug bounty program to stay on the right side of the law.” The official Coinbase bug bounty reporting page at HackerOne The verdict Coinbase was referring to was issued on October 5. Joe Sullivan, former Uber security chief, was found guilty of colluding with attackers to cover up ev...