Tag Archives: syndication

Bonkers Bitcoin heist: 5-star hotels, cash-filled envelopes, vanishing funds

As Kent Halliburton stood in a bathroom at the Rosewood Hotel in central Amsterdam, thousands of miles from home, running his fingers through an envelope filled with 10,000 euros in crisp banknotes, he started to wonder what he had gotten himself into. Halliburton is the cofounder and CEO of Sazmining, a company that operates bitcoin mining… Read More: Bonkers Bitcoin heist: 5-star hotels, cash-filled envelopes, vanishing funds »

Oracle hit hard in Wall Street’s tech sell-off over its huge AI bet

“That is a huge liability and credit risk for Oracle. Your main customer, biggest customer by far, is a venture capital-funded start-up,” said Andrew Chang, a director at S&P Global. OpenAI faces questions about how it plans to meet its commitments to spend $1.4 trillion on AI infrastructure over the next eight years. It has… Read More: Oracle hit hard in Wall Street’s tech sell-off over its… »

ICE wants to build a 24/7 social media surveillance team

Together, these teams would operate as intelligence arms of ICE’s Enforcement and Removal Operations division. They will receive tips and incoming cases, research individuals online, and package the results into dossiers that could be used by field offices to plan arrests. The scope of information contractors are expected to collect is broad. Draft instructions specify… Read More: ICE wants to build a 24/7 social media surveillance team »

Zuckerberg’s AI hires disrupt Meta with swift exits and threats to leave

“While TBD Labs is still relatively new, we believe it has the greatest compute-per-researcher in the industry, and that will only increase,” Meta said. Wang and other former Scale staffers have struggled with some of the idiosyncratic ways of working at Meta, according to someone familiar with his thinking, for example having to adjust to… Read More: Zuckerberg’s AI hires disrupt Meta with swift exits and threats… »

Encryption made for police and military radios may be easily cracked

Two years ago, researchers in the Netherlands discovered an intentional backdoor in an encryption algorithm baked into radios used by critical infrastructure–as well as police, intelligence agencies, and military forces around the world–that made any communication secured with the algorithm vulnerable to eavesdropping. When the researchers publicly disclosed the issue in 2023, the European Telecommunications… Read More: Encryption made for police and military radios may be easily… »

Nvidia AI chips worth $1B smuggled to China after Trump export controls

US export controls have had some effect on the black market. Given the nature of such products, leading Chinese AI players with global operations are not able to order them in a legally compliant way, install them in their own data centers, or receive Nvidia’s customer support. This has led to third-party data centre operators… Read More: Nvidia AI chips worth $1B smuggled to China after Trump… »

“No honor among thieves”: M&S hacking group starts turf war

Genevieve Stark, head of cybercrime analysis at Google Threat Intelligence Group, said DragonForce could be attempting to attract RansomHub’s affiliates. The hacking group is also believed to be behind attacks on the pages of other rivals, including BlackLock and Mamona, according to Sophos. Stark warned that whatever the motive, the fallout brings with it an… Read More: “No honor among thieves”: M&S hacking group starts turf war »

Israel-tied Predatory Sparrow hackers are waging cyberwar on Iran’s financial system

Elliptic also confirmed in its blog post about the attack that crypto tracing shows Nobitex does in fact have links with sanctioned IRGC operatives, Hamas, Yemen’s Houthi rebels, and the Palestinian Islamic Jihad group. “It’s also an act of sabotage, by attacking a financial institution that was pivotal in Iran’s use of cryptocurrency to evade… Read More: Israel-tied Predatory Sparrow hackers are waging cyberwar on Iran’s financial… »

Feds charge 16 Russians allegedly tied to botnets used in cyberattacks and spying

The hacker ecosystem in Russia, more than perhaps anywhere else in the world, has long blurred the lines between cybercrime, state-sponsored cyberwarfare, and espionage. Now an indictment of a group of Russian nationals and the takedown of their sprawling botnet offers the clearest example in years of how a single malware operation allegedly enabled hacking… Read More: Feds charge 16 Russians allegedly tied to botnets used in… »

Authorities carry out global takedown of infostealer used by cybercriminals

“Based on what we see, there is a wide range of cybercriminals admitting they are using Lumma, such as actors involved in credit card fraud, initial access sales, cryptocurrency theft, and more,” Kivilevich says. Among other tools, the Scattered Spider hacking group—which has attacked Caesars Entertainment, MGM Resorts International, and other victims—has been spotted using… Read More: Authorities carry out global takedown of infostealer used by cybercriminals »