🔐 Cyber News (Apr 8, 2024):

1️⃣ TRM Labs: In 2023, almost half of all illicit cryptocurrency transactions were associated with the #Tron network. Meanwhile, the USDT stablecoin by Tether led in terms of the volume of criminal activity. 🚫

2️⃣ Bangkok Post: Thai police arrested a 36-year-old Russian citizen, Ibrahim Gaytukiev, for illegally providing cryptocurrency exchange services. According to reports, he was tracked down through online advertisements. The phone numbers mentioned in the ads, linked to WA accounts, were found to be associated with Gaytukiev's and his partner Maxim Variukhin's bank accounts. Law enforcement determined that the Russian citizens were operating the OM 118 Co company on Pangang Island. They used a beach house as their office, which also housed the Plantasia Cannabis Collective shop. 🕵️‍♂️

3️⃣ KrebsonSecurity: Operators of phishing websites mimicking the self-destructing message service privnote(.)com inadvertently revealed the scale of their cybercriminal activity involving cryptocurrency wallet substitution. 🎣

4️⃣ Snapcraft: Snap Store, an application store for the #Ubuntu operating system, has been suffering from hackers uploading fake cryptocurrency wallets onto its platform for several months. One user who downloaded a counterfeit Exodus Wallet lost 9 BTC in February. Following a series of complaints, the Snap Store owner, Canonical, announced intentions to manually review uploaded applications and create a separate policy for publishing crypto wallets on the platform. 💼

5️⃣ SEC: On April 5, 2024, a New York court found Terraform Labs and its co-founder, Do Kwon, guilty of fraud and the collapse of the #Terra ecosystem amounting to $40 billion. ⚖️

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