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Tag: $170 million

PlayUp Takes Injunction Request Against Former US CEO to Federal Appeals Court

PlayUp has appealed a federal judge’s ruling denying the Australian-based gaming company an injunction against its former CEO, who it claims violated the terms of her employment contract and scuttled a deal that would have led to a $450 million sale of the company. The appeal is the latest twist in a case that also […]

The post PlayUp Takes Injunction Request Against Former US CEO to Federal Appeals Court appeared first on Casino.org.

North Korean Hackers Stole $400M in Cryptocurrency Last Year

North Korean Hackers Stole $400M in Cryptocurrency Last Year

North Korean hackers stole almost $400 million worth of cryptocurrencies from at least seven attacks on crypto platforms last year, blockchain analysis firm Chainalysis said in a report. The report noted that it was one of the most successful years on record for hackers to steal such large amounts of crypto with the attacks mainly targeted at investment firms and centralized exchanges. “From 2020 to 2021, the number of North Korean-linked hacks jumped from four to seven, and the value extracted from these hacks grew by 40 percent,” said the report, which was released on Thursday. Many of last year’s attacks were likely carried out by the Lazarus Group, a hacking group sanctioned by the United States, which is believed to be controlled by North Korea’s primary intelligence bureau, the Reconnaissance General Bureau. The attackers used a number of techniques to launder the stolen cryptocurrencies including mixers, or software tools that pool and scramble cryptocurrencies from thousands of addresses to siphon funds from the organizations’ hot wallets and then move them into North Korean-controlled addresses, Chainalysis said. “Once North Korea gained custody of the funds, they began a careful laundering process to cover up and cash out,” the report added. Per the report, Bitcoin now accounts for less than one-quarter of the stolen cryptocurrencies or 20 percent of the stolen funds. In contrast, Ethereum makes up the vast majority of stolen funds with 58 percent. The report also identified $170 million in old, unlaundered cryptocurrency holdings from 49 separate hacks from 2017 to 2021.

The post North Korean Hackers Stole $400M in Cryptocurrency Last Year appeared first on Cryptoknowmics-Crypto News and Media Platform.

North Korean Hackers Stole $400M Worth Crypto in 2021

North Korean hackers launched at least seven attacks on cryptocurrency exchanges in 2021, stealing around $400 million worth of digital assets, the blockchain analytics firm, Chainalysis revealed i...

North Korean hackers are sitting on $170 million worth of unlaundered crypto 

Cybercriminals for the Democratic People’s Republic of Korea (DPRK) affirmed themselves as an advanced persistent threat to the cryptocurrency industry in 2021, Chainalysis reported.

The post North Korean hackers are sitting on $170 million worth of unlaundered crypto  appeared first on CryptoSlate.

North Korean Hackers Stole Nearly $400M in Bitcoin, Ethereum in 2021: Report

Hackers in North Korea are still holding roughly $170 million worth of stolen and "unlaundered" crypto, says research firm Chainalysis.

2021: Top five fundraises

FinTech Futures takes a look back at some of the year’s most eye-catching funding rounds.
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After Google’s Landmark Settlement, How Ad Networks Should Tackle Child Privacy

To comply with the updated COPPA Rule, online ad platforms need to change how they handle viewers who might be children.

ABL Space Systems to launch Project Kuiper’s first satellites in 2022

TAMPA, Fla. — Amazon has signed a multi-launch deal with rocket developer ABL Space Systems, which plans to loft two prototype satellites for...

OneWeb and Saudi Arabia create $200 million connectivity joint venture

TAMPA, Fla. — Satellite broadband startup OneWeb and a company backed by Saudi Arabia’s sovereign wealth fund have signed a $200 million joint...

Verizon announces intent to use Amazon’s planned Project Kuiper constellation

TAMPA, Fla. — Verizon Communications is working with Amazon to develop solutions for its proposed Project Kuiper megaconstellation, with the aim of using...

Square Considering to Build Bitcoin Mining System: Jack Dorsey

Jack Dorsey, the CEO of Square Inc, recently disclosed that the payment firm is considering jumping into the Bitcoin mining business.  On Friday, October...

RAAF to replace Growler that caught fire in $170m deal

Australia will finally be able to replace the EA-18G Growler that caught fire in 2018 after the US gave the green light to...
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