Tag: Hackers

US Justice Department on the hunt for DeFi hackers and thieves: Report

coiner

The United States Department of Justice’s (DOJ) crypto tsar is cracking down on Decentralized Finance (DeFi) hackers and exploiters amid a four-year rise in illicit crypto activity. In a Financial Times report published on May 15, Eun Young Choi, director of the Justice Department’s National Cryptocurrency Enforcement Team (NCET), stated that the department is focusing on thefts and hacks involving DeFi, and “particularly chain bridges.” Choi said it was a “pretty significant issue” for the DOJ, given North Korean “state-sponsored hackers” have emerged as “key actors in this space.” North Korean hackers stole…

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The Silk Road hacker’s story – Cointelegraph Magazine

coiner

Where would you hide $3.4 billion worth of Bitcoin? For James Zhong, the ideal spot was to store it on a computer — with its circuitry exposed — placed in a used Cheetos popcorn tin hidden in a bathroom closet under a pile of blankets. Zhong, now 32, was sentenced to a year in federal prison last month for a hack that took place almost 11 years ago. His victim? Ross Ulbricht, the proprietor of the Silk Road dark web drug marketplace where Bitcoin found its first significant use case,…

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