The New York jury handling the case of Sam Bankman-Fried, founder of the FTX cryptocurrency platform, found him guilty of the seven crimes of fraud and money laundering with which he was charged.

The trial against Bankman-Fried, 31, lasted almost a month. The New York jury of twelve members reached a guilty verdict for defrauding thousands of victims who lost their money at the hands of the platform.

The hearings in the process took three days. The founder of FTX had already pleaded not guilty to the charges against him. He even denied that he knew of the mismanagement of FTX and its sister company, Alameda Research.

However, he could not convince the jury that he never had bad intentions against the clients.

“Deputy prosecutor Danielle Sassoon subjected Bankman-Fried to harsh questioning, pointing out contradictions between her private and public statements and obtaining her confession, for example, that FTX gave a large line of privileged credit to Alameda, which used the funds of customers to play, as he stated in closing arguments.”

It is important to remember that Sam Bankman-Fried was charged with allegedly diverting almost $9 billion from FTX clients for other purposes. The die is cast and a sentence of almost one hundred years in prison awaits him, despite the fact that the sentence is pending.

The US Department of Justice considers the conviction a victory that marks a milestone in the crypto market. It is a victory that sends a clear message to the industry that fraud and harm to investors and customers will not be tolerated.

M.Pino

Source: Pagina12

(Reference image source: @bancaynegocios, red social X)

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La entrada FTX founder found guilty of fraud apareció primero en Bitfinance.

A group of researchers has identified different applications available through the App Store and Play Store that carry out a social engineering attack by which they encourage their victims to invest in cryptocurrencies.

Security-focused software and hardware company Sophos has reported that for the past two years it has investigated a series of services that combine financial applications and fake web pages to trap victims and steal their money.

In this time, researchers have found applications, available in both the official Apple and Google stores, that have managed to circumvent their security measures to perpetrate social engineering cyberattacks known as CryptoRom.

CryptoRom, also known as ‘slaughtering pigs’, is an attack method that consists of intercepting victims through dating applications such as Facebook Dating or Tinder, and with which cybercriminals seek to establish a relationship of trust with those affected.

Once interest has been generated in these people, the threat actors request to continue the conversation outside of these platforms and move it to WhatsApp, where they are encouraged to download this application.

First, investigators tracked down a victim living in Switzerland. The cybercriminals managed to trick her by using a fake profile of a woman allegedly from London.

This included images of upscale restaurants, high-end brand stores, and expensive destinations, as well as professional-looking selfies. To give continuity to the profile, publications related to current affairs were shared, such as the death of Queen Elizabeth II of England, and they also began to follow official accounts of different brands.

When they established communication via WhatsApp, the scammers encouraged the victim to invest in cryptocurrency together and sent him a link to the fake app. Once a small amount of money was invested and several profits reported, the victim was informed that the account had been blocked when they wanted to withdraw larger amounts of cryptocurrency.

After access to the account was limited, the user received a message urging him to pay a 20 % commission on the total money invested to access it.

Cyberattacks through fraudulent apps

Sophos has indicated that, in the second instance, another victim went through the same fraudulent method, with the difference that they contacted the hackers through Tinder, and that they lost around $4,000 (about 3,640 euros) as a result of said scam.

Sophos has insisted that both Apple and Google have withdrawn these applications, identified as Ace Pro in the case of the App Store and MBM_BitScan, in this and also in the Play Store, from their official stores after informing them of the results of this investigation.

Source: dpa

(Reference image source: Brett Jordan, Unsplash)

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La entrada Researchers identify fake apps in Google and Apple that invite o invest in cryptocurrencies apareció primero en Bitfinance.

Europol arrested ten hackers accused of stealing $ 100 million in cryptocurrencies through a campaign of theft of SIM cards in the United States.

The network of hackers carried out in 2020 a series of attacks on thousands of victims, including Internet ‘influencers’, famous athletes, musicians and their families.

They used the method known as SIM card hijacking, with which they deactivate a SIM card and associate it with another phone number. They usually pose as companies to obtain this information or obtain it from telephone providers.

In this way, they got illegal access to the victims’ phones and used it to access their applications and change the passwords of their accounts, as Europol detailed in a statement.

Using this technique, they managed to steal a total of 100 million dollars in cryptocurrencies from their victims, but also personal information and even took control of their accounts on social networks.

The arrest of the attackers was a joint operation in the United Kingdom, the United States, Belgium, Malta and Canada, coordinated by the European police, and took place after a year-long investigation.

K. Tovar

Source: Sputnik Mundo

La entrada Europol catches hackers group for crypto theft apareció primero en Bitfinance.