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Cryptocurrency Fraud
Cryptocurrency and crime describe notable examples of cybercrime related to theft (or the otherwise illegal acquisition) of cryptocurrencies and some methods or security vulnerabilities commonly exploited. Cryptojacking is a form of cybercrime specific to cryptocurrencies used on websites to hijack a victim's resources and use them for hashing and mining cryptocurrency. According to blockchain analysis company Chainalysis, around US$2.5 billion was laundered through Bitcoin between 2009 and 2018, and the fraction of cryptocurrency transactions linked to illicit activities has been on the rise since early 2019. In 2021, 0.15% of known cryptocurrency transactions conducted were involved in illicit activities like cybercrime, money laundering and terrorism financing, representing a total of $14 billion. The FBI estimated that crypto fraud costs American investors $4.8 billion in 2023. Background There are various types of cryptocurrency wallets available, with different layers of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cybercrime
Cybercrime encompasses a wide range of criminal activities that are carried out using digital devices and/or Computer network, networks. It has been variously defined as "a crime committed on a computer network, especially the Internet"; Cybercriminals may exploit vulnerabilities in computer systems and networks to gain unauthorized access, steal sensitive information, disrupt services, and cause financial or reputational harm to individuals, organizations, and governments. In 2000, the tenth United Nations Congress on the Prevention of Crime and the Treatment of Offenders classified cyber crimes into five categories: unauthorized access, damage to computer data or programs, sabotage to hinder the functioning of a computer system or network, unauthorized interception of data within a system or network, and computer espionage. Internationally, both state and non-state actors engage in cybercrimes, including espionage, financial theft, and other cross-border crimes. Cybercrimes c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bitfinex
Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc, and is registered in the British Virgin Islands. Bitfinex was founded in 2012. It was originally a peer-to-peer bitcoin exchange, and later added support for other cryptocurrencies. Bitfinex was one of the first professional platforms built for cryptocurrency trading. It offers high-volume trading and both spot and derivatives products, including exchange trading, margin trading, margin funding (P2P lending), over-the-counter markets, and derivatives trading. Bitfinex is the world's second-largest exchange by number of bitcoins held in its digital wallet, and is estimated to have about 403,000 bitcoins. History 2012: Early history Bitfinex was founded in December 2012 as a peer-to-peer bitcoin exchange offering digital asset trading services to users worldwide. Bitfinex initially started as a P2P margin lending platform for bitcoin and later added support for more cryptocurrencies. It was one of the fir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bybit
Bybit Fintech Limited, branded Bybit, is a cryptocurrency exchange based in Dubai, the United Arab Emirates. Founded in 2018 by Ben Zhou, it is one of the largest cryptocurrency exchanges in the world. In February 2025, the exchange was hacked resulting in the loss of $1.5 billion in assets in the largest cryptocurrency theft on record. History Bybit was founded in 2018 by Ben Zhou, an entrepreneur from Singapore, who currently serves as CEO. In 2022, Bybit relocated its headquarters from Singapore to Dubai, United Arab Emirates. In November 2023, the FTX bankruptcy estate sued Bybit for nearly $1 billion. It alleged that Bybit's investment arm Mirana prioritized withdrawals from FTX in November 2022 amid solvency concerns and withdrew nearly $500 million before withdrawals stopped. The suit claimed that Bybit used FTX assets to expedite withdrawals, blocked FTX from reclaiming $125 million, and devalued tokens worth tens of millions through BitDAO. FTX also contended that a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lazarus Group
The Lazarus Group (also known as Guardians of Peace or Whois Team ) is a hacker group made up of an unknown number of individuals, alleged to be run by the government of North Korea. While not much is known about the group, researchers have attributed many cyberattacks to them since 2010. Originally a criminal group, the group has now been designated as an advanced persistent threat due to intended nature, threat, and wide array of methods used when conducting an operation. Names given by cybersecurity organizations include Hidden Cobra (used by the United States Department of Homeland Security to refer to malicious cyber activity by the North Korean government in general) and ZINC or Diamond Sleet (by Microsoft). According to North Korean defector Kim Kuk-song, the unit is internally known in North Korea as 414 Liaison Office. The Lazarus Group has strong links to North Korea. The United States Department of Justice has claimed the group is part of the North Korean governme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ronin Network
''Axie Infinity'' is a blockchain game developed by Vietnamese studio Sky Mavis in 2018, known for its in-game economy which uses Ethereum-based cryptocurrencies. It has been called "a pyramid scheme that relies on cheap labor from countries like the Philippines to fuel its growth." Players collect and mint non-fungible tokens (NFTs) which represent axolotl-inspired digital pets known as Axies. These creatures can be bred and battled with each other within the game. Sky Mavis charges a 4.25% fee to players when they trade Axies on its marketplace. ''Axie Infinity'' is built on the Ronin Network, an Ethereum-linked sidechain developed by Sky Mavis. The game's official cryptocurrency is "Axie Infinity Shards/Token" or AXS for short. The game's secondary token, SLP, crashed in February 2022 amid a wider NFT and cryptocurrency crash, losing over 99% of its peak value. In March 2022, hackers compromised the Ronin Network, stealing approximately US$620 million worth of cryptocurren ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bitmart
Bitmart is a global digital asset trading platform that focuses on cryptocurrency trading. The company is headquartered in New York City, United States and operates in 180 countries. In 2018, BitMart introduced the BitMart Token (BMX). It is registered in the Cayman Islands and operates in 180 countries. History Bitmart was founded in 2017, providing buy, sell, and trade tools to individuals and institutions. In 2018, BitMart introduced the BitMart Token (BMX), which offers trading discounts and other benefits to its holders. It also added staking, lending, savings products, and derivatives trading by 2018. In August 2019, BitMart won The BrandLaureate Tech Award. In December 2021, Bitmart experienced a security breach. Approximately $196 million worth of cryptocurrency was stolen in the attack. Following the incident, Bitmart CEO Sheldon Xia pledged to reimburse all affected users and announced enhancing the platform's security measures. In the same month the exchange close ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smart Contract
A smart contract is a computer program or a Transaction Protocol Data Unit, transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement. The objectives of smart contracts are the reduction of need for trusted intermediators, arbitration costs, and fraud losses, as well as the reduction of malicious and accidental exceptions. Smart contracts are commonly associated with cryptocurrency , cryptocurrencies, and the smart contracts introduced by Ethereum are generally considered a fundamental building block for decentralized finance (DeFi) and non-fungible token (NFT) applications. The original Ethereum white paper by Vitalik Buterin in 2014 describes the Bitcoin protocol as a weak version of the smart contract concept as originally defined by Nick Szabo, and proposed a stronger version based on the Solidity language, which is Turing complete. Since then, various cryptocurrencies have suppo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cloudflare
Cloudflare, Inc., is an American company that provides content delivery network services, cybersecurity, DDoS mitigation, wide area network services, reverse proxies, Domain Name Service, ICANN-accredited domain registration, and other services. Cloudflare's headquarters are in San Francisco, California. According to W3Techs, Cloudflare is used by around 19.3% of all websites on the Internet for its web security services, History Cloudflare was founded in July 2009 by Matthew Prince, Lee Holloway, and Michelle Zatlyn. Prince and Holloway had previously collaborated on Project Honey Pot, a product of Unspam Technologies that served as some inspiration for the basis of Cloudflare. From 2009, the company was venture-capital funded. On August 15, 2019, Cloudflare submitted its S-1 filing for an initial public offering on the New York Stock Exchange under the stock ticker NET. It opened for public trading on September 13, 2019, at $15 per share. In 2020, Cloudflare co-fou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vice (magazine)
''Vice'' (stylized in all caps) is a Canadian-American magazine focused on lifestyle, arts, culture, and news/politics. It was founded in 1994 in Montreal as an alternative punk magazine, and its founders later launched the youth media company Vice Media, which consists of divisions including the printed magazine as well as a website, broadcast news unit, a film production company, a record label, and a publishing imprint. As of February 2015, the magazine's editor-in-chief is Ellis Jones. On 15 May 2023, Vice Media formally filed for Chapter 11 bankruptcy, as part of a possible sale to a consortium of lenders including Fortress Investment Group, which will, alongside Soros Fund Management and Monroe Capital, invest $225 million as a credit bid for nearly all of its assets. In February 2024, CEO Bruce Dixon announced additional layoffs and that the website Vice.com will no longer publish content. The print magazine returned in September 2024. History The precursor to ''Vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bitcoin Cash
Bitcoin Cash (also referred to as Bcash) is a cryptocurrency that is a fork of bitcoin. Launched in 2017, Bitcoin Cash is considered an altcoin or spin-off of bitcoin. In November 2018, Bitcoin Cash further split into two separate cryptocurrencies: Bitcoin Cash (BCH) and Bitcoin Satoshi Vision (BSV). History Since its inception, bitcoin users maintained a common set of rules for the cryptocurrency. On 21 July 2017, bitcoin miners implemented a software upgrade known as Bitcoin Improvement Proposal (BIP) 91, which activated the Segregated Witness (SegWit) upgrade at block 477,120. SegWit was a contentious update as it enabled second-layer solutions on bitcoin, such as the Lightning Network. A group of bitcoin activists, developers, and China-based miners opposed the proposed SegWit upgrades designed to increase bitcoin's capacity; these stakeholders pushed forward alternative plans which would increase the block size limit to eight megabytes through a hard fork. Supporte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, '' Bloomberg Businessweek'', '' Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has been editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
