EFCC Convicts Man For Duping Australian In Crypto Scam.
The Economic and Financial Crimes Commission, EFCC, arraigned Moses Upkonahusi over $5,576 cryptocurrency fraud perpetrated in Abuja before Justice Mohammed Zubair of the FCT High Court in Jikwoyi. The one-count charge of cheating by impersonation claimed that in December 2021,…
Nigeria Loses $706,452 To Cyber Ransomes: Survey.
A recent survey report carried out by a global cyber security firm Sophos shows that a total of $706,452 has been paid in ransom to cybercriminals by Nigerian businesses. According to Sophos, in The State of Ransomware 2022 report, Industrial…
A Whopping $3.8 Billion In Crypto Lost To Scammers In 2022: Chainalysis.
Latest report shows that a record $3.8 billion worth of cryptocurrency was stolen from various services last year, with much of those thefts driven by North Korean-linked hackers, according to a report Wednesday from blockchain analytics firm Chainalysis. The increase…
Cameroon Losses 12.2 Billion To Cybercrime: Report Shows.
The National Agency for Information and Communication Technologies (ANTIC) reported that cybercrime caused financial losses of CFA12.2 billion to the Cameroonian economy in 2021, which is double the losses reported in 20192. These losses were primarily due to scamming and…
Men Sentenced For Using Sim Swapping To Steal Cryptocurrencies.
Two men from Massachusetts, USA, were sentenced last Wednesday for an extensive scheme to take over victims’ social media accounts and steal their cryptocurrency using techniques such as “SIM swapping,” computer hacking, and other methods. Meiggs and Harrington targeted at…
Crypto Hackers Stole Over $3 Billion In 125 Hacks In 2022 Q3.
Recent data from blockchain analytics firm Chainalysis shows that October is “the biggest month in the biggest year ever for hacking activity.” The firm added that crypto hackers have grossed over $3 billion across 125 hacks so far this year….
Binance BNB Smart Chain Paused Over Multimillion Dollar Hack; The Biggest Hack?
Binance BNB Smart Chain Paused Over Multimillion Dollar Hack. The cryptocurrency market witnessed another hack attempt on the BNB Chain was exploited by hackers,CEO of Binance Changpeng Zhao (CZ) revealed on Twitter that the cross-chain bridge and the BSC Token…
MEV Bot Loses Over $1 Million Within An Hour Of Flip Heist.
An MEV bot operator earned massive profits worth $1 million by seizing an arbitrage opportunity,however, it was tricked into authorizing a malicious transaction that resulted in a 1,100 ETH loss within an house . MEV bot, or Maximal Extractable Value…
Crypto Scams Drop Following the Exit of Gullible Newbies in 2022: Chainalysis Report
Chainalysis has found that illicit crypto volumes are down this year, with total scam revenue sitting at $1.6 billion, 65% lower than where it was through the end of July last year. “Those numbers suggest that fewer people than ever…
North Korean Hackers Stole $400M Worth of Crypto In 2021: Chainalysis
Dictator Kim Jong-Un nation of North Korea crypto hackers stole almost $400 million in crypto through cyber attacks in 2021 according to new data from Chainalysis on the hostile nation, facing various global economic sanctions. According to cointelegraph report, the…