Cryptocurrency News Today TheBitTimes.com

The National Police of Ukraine, with the support of Europol, apprehended a so-called “cryptojacker” for breaching cloud accounts and illicitly mining cryptocurrencies via one million virtual servers. The arrest signifies a notable escalation in the scope of crypto-jacking, a cyberattack method where hackers seize computer resources to mine cryptocurrencies illegally. Crypto-jacker apprehended  In Ukraine, authorities apprehended a 29-year-old for unlawfully mining cryptocurrencies by compromising numerous cloud accounts. The arrest, executed on Jan. 9 in Mykolaiv, resulted from a collaboration between Europol and an undisclosed cloud service provider. Europol described the incident as a ‘sophisticated crypto jacking scheme’ in a press statement on Jan. 12. The suspect, believed to have mined over $2 million (€1.8 million) in cryptocurrencies, allegedly breached 1,500 accounts using automated tools, according to Ukrainian cyber police involved in the operati...

Blockchain analytics firm PeckShield reported that the exploiter is moving funds to different addresses and then routing them to Tornado Cash. So far since the hack, the hacker has nearly laundered $9.3 million worth of loot through layered transactions on Tornado Cash. advertisement The hacker minted 1 quadrillion yUSDT As reported earlier, PeckShield detected a hack that allowed the attacker to mint over 1 quadrillion Yearn Tether (yUSDT). Lanter, the hacker swapped those tokens for other stablecoins worth $11.6 million. Exploiter transferred 1000 ETH to the sanctioned crypto mixer the same day. As per PeckShield, funds have been split into different addresses that are then being transferred to the crypto mixer through layered transactions. One address linked to the iearn exploiter transferred a total of 4,134 ETH to the sanctioned crypto mixer. Crypto hacks drop 70% since Tornado Cash ban Blockchain intelligence firm TRM Labs reported that the in...