Find Your Daily Voice
GO
Tag:
Tether
Hartford, CT
On Your Side
Hackers Steal $6.3B In Minutes During Record Cryptocurrency Heist
North Korea-linked hackers have reportedly attacked the world's biggest cryptocurrency exchange in what could become the largest cryptocurrency theft in history. Binance temporarily suspended withdrawals after a security breach, the company said in an update on Friday, Oct. 30. Blockchain security company TRM Labs estimated $6.36 billion in digital currencies was stolen on Thursday, Oct. 29, with most of the cryptocurrency taken in about 20 minutes. TRM Labs said it had "high confidence" that TraderTraitor was behind the cyberattack. The hacking group backed by North Kor…
National Interest
'Heartless Frauds': Feds Seize Record $225M In Crypto From 'Pig Butchering' Scammers
Federal agents have seized the largest amount of cryptocurrency ever related to "pig butchering" scams, where victims were tricked into fake online relationships. The Department of Justice announced the seizure of $225.3 million in crypto from the global "confidence scam" on Wednesday, June 18. The scam is also known as "pig butchering" since it uses tactics used to "fatten up" victims before draining their savings. Scammers relied on false identities through online messaging to gain trust and enter fake relationships before pushing fraudulent investments. "These scams prey …
