Hackers Steal $32 Mln From Russian Central Bank, Trustless Bitcoin Offers More Security
The Bank of Russia has become the third central bank this year targeted by external attacks, losing over $31 mln or 2 bln rubles from its correspondent bank accounts. A correspondent bank account, also known as a Vostro account, is created by banks to settle transactions on behalf of its clients or partner financial institutions. In most cases, a correspondent bank account holds the funds of top-tier clients or high profile investors of the central bank. Inability to prevent hacking attacks. In December, Bank of Russia Executive Ekaterina Gelbova, an official in the central bank’s press....
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According to Russian news sources, over US$25.7m has been stolen from Russian banks. This has nothing to do with yet another Swift network breach, though. A hacker collective is involved in the creation and distribution of malware, used to steal money from Russian bank accounts. Earlier today, Russian law enforcement officials have arrested fourteen people of an undisclosed hacker collective. All of these people are suspected of being involved in the usage of malware to steal funds from Russia bank accounts. Preliminary results indicate more than US$25.7m has been taken. The Russian....
An unnamed Ukrainian bank has lost over $10 million after hackers broke into the systems and stole the money. The banks now have an urgent need for blockchain based fund transfer solutions, as the conventional systems are being frequently compromised. The SWIFT network, which is widely used by the banks across the world for electronic fund transfers has been affected by multiple hacking attacks till date, resulting in huge loss of funds. After the recent hacking incident where hackers stole money belonging to the Central Bank of Bangladesh from US Federal Reserve, a Ukrainian bank has....
According to information provided last week to the Russian newspaper Izvestia, the Russian Central Bank will meet with representatives of the financial community to establish a position on Bitcoin and cryptocurrencies in general. A source close to the Bank of Russia told Izvestia that the governor might be open to cryptocurrency and that the central bank may allow, and regulate, some Bitcoin activities, specifically transfers, payments, and settlements between users. Elvira Nabiullina, governor of the Russian Central Bank, provided clarifications on the position of the central bank on....
Password-stealing malware is being spread by hackers through NFT airdrops purporting to be Solana Phantom security updates. For the last two weeks, unknown hackers have been airdropping nonfungible tokens (NFTs) to Solana cryptocurrency users masquerading as a new Phantom wallet security update, however, instead of an update, it's malware designed to steal their crypto.According to BleepingComputer, the hackers are claiming to be from the Phantom team and using NFTS titled "PHANTOMUPDATE.COM" or "UPDATEPHANTOM.COM." After opening the NFT, users are told a new security update has been....
Confiant, an advertising security agency, has found a cluster of malicious activity involving distributed wallet apps, allowing hackers to steal private seeds and acquire the funds of users via backdoored imposter wallets. The apps are distributed via cloning of legitimate sites, giving the appearance that the user is downloading an original app.
Malicious Cluster Targets Web3-Enabled Wallets Like Metamask
Hackers are becoming more and more creative when engineering attacks to take advantage of cryptocurrency users. Confiant, a company that is dedicated to examining the quality....