OODA Analysis and Briefs

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Sharing (Again)

Nearly five years after 9/11, reports show the federal government has made limited progress on sharing terrorism information because of uncertainty about what to share, and how to do so without infringing on civil liberties. States are filling in some of the gaps by setting up intelligence fusion centers, though those activities also are stirring…
Iraqi WMDs (Again)

FronPage Symposium. Gaubatz goes off the end a bit, but the rest do a crack-up job. Key points: Ledeen: The truly amazing fact is that the White House is very obviously opposed to revisiting these questions. They say they want to look forward, not back into the past. But this wrongheaded view undermines a good…
The Geezer Brigade

The Federal Page addresses issues related to retirees and in particular IC staffers. With substantial numbers of baby boomers likely to leave government for retirement in the next 10 years, the Bush administration and Congress are looking for ways to keep experienced hands. Most federal agencies have plans to ensure that critical jobs are filled…
A Very Smart Start

The FBI broke with one of its most storied traditions Wednesday, announcing changes in its top management that, rather than elevating onetime agents, tapped officials with extensive experience outside of the bureau for several key positions. The realignment, unveiled by Director Robert S. Mueller III, put nonagents — including one who is a former oil…
Classic

(Thanks to Tom for a well-needed laugh) What do you do when people stop listening to your drivel? Start a slap-fight. I’ll let you all decide which character is Larry and which is Michael.
This is what happens . . .

. . . when ex-single-source analysts try to deal with multi-source intel: In a screed Rolling Stone is passing off as journalism, James Bamford becomes the latest in a growing crowd of hacks to smear our friend Michael Ledeen. […] But this [Italian documents] forgery nonsense is a sideshow compared to Bamford’s ludicrous account of…
Just snippets for now

Man oh man, you take 48 hours for a business trip and 480 hours of work pile up. For the time being you’ll have to be satisfied with a few snippets I can post during lunch and too-brief down-periods. Right now just a note of comfort for everyone on the west coast that CTU…
HLS: Serious or Not Serious XVII

You could be on a secret government database or watch list for simply taking a picture on an airplane. Some federal air marshals say they’re reporting your actions to meet a quota, even though some top officials deny it. The air marshals, whose identities are being concealed, told 7NEWS that they’re required to submit at…
Another Indicator

Courtesy of Ralph Peters in the NY Post: * Famed for its penetration, Israeli intelligence failed this time. It didn’t detect the new weapons Iran and Syria had provided to Hezbollah, from anti-ship missiles to longer-range rockets. And, after years of spying, it couldn’t find Hezbollah. This should set off global alarm bells: If Hezbollah…
How Much Pain?

Fighting cyber-crime requires an Enron-like scandal to force the hand of legislators, the FBI argued today. Only after such an event could the necessary reforms be made to allow authorities to effectively battle online criminals, according to FBI special agent Shéna Boswell-Crowe. […] “I do not think that [cyber-crime] has had its day. There has…
There is no talking to some people (Update)

The Weekly Standard posts a well done bit of research (got to get me a think-tank job) on what is really needed in our war efforts from an intelligence perspective. Since I think it deserves a full read I’m not going to post an extract, suffice it to say that when presented with an opportunity…
Pretenders

Army STRATCOM tries and fails: Information Operations Newsletter Compiled by: Mr. Xxxx Xxxxxx US Army Strategic Command G3 Plans, Operations, and Exercises Information Operations Branch Table of Contents […long list of somewhat relevant IO-related news stories . . .] Everyone wants to be TWI-3; no one wants to make the effort. Guys, if your audience…
Two Steps Back (Update)

Welcome OTB readers . . . Christine Axsmith, a software contractor for the CIA, considered her blog a success within the select circle of people who could actually access it. Only people with top-secret security clearances could read her musings, which were posted on Intelink, the intelligence community’s classified intranet. Writing as Covert Communications, CC…
Info Sharing: Still Not Getting It

U.S. officials said Tuesday the U.S. intelligence community was grappling with policies to effectively share information. […] Rep. Rob Simmons, R-Conn., chairman of the Homeland Security Intelligence Subcommittee of the U.S. House of Representatives, said he was not satisfied with progress on reforming national intelligence capabilities to counter threats. […] The U.S. Congress mandated modernization…
Location, Location, Location

Director of National Intelligence John D. Negroponte may have his eye on history as he attempts to secure a prime downtown Washington property – Navy Hill, overlooking the Potomac River – for his headquarters. During World War II, the property’s gracious Central Building, constructed in 1910, served as the home office for William “Wild Bill”…

Briefs

Russian cybercrime group FIN7 has been observed exploiting unpatched Veeam Backup & Replication instances in recent attacks, cybersecurity company WithSecure reports.

FIN7, also known as Anunak and Carbanak, is a Russian cybercrime organization focused on credit card information theft. Groups associated with FIN7, such as REvil, DarkSide, BlackMatter, Alphv, and Black Basta have notably transitioned to ransomware operations. WithSecure observed several FIN7 attacks that exploited a Veeam Backup process which executed a shell command to download…
New coercive tactics used to extort ransomware payments

Guidepoint Security has identified an increase in ransomware attacks during Q1 2023. GRIT’s recent report displayed a 27% increase in public ransomware attacks compared to Q1 2022, particularly prevalent in the manufacturing, technology, finance, education, and healthcare sectors. Analysis showed that ransomware groups increasingly utilize the “double extortion” operational model, where malign actors encrypt files…
South Korea’s Crypto Regulation Bill Passes First Stage

South Korea’s plans for crypto regulations cleared their first hurdle with the National Assembly passing the first phase of review. Following the successful passage of the cryptocurrency bill in the National Assembly, the Legislation and Judiciary Committee will need to pass the bill. It will likely become law this year. Hwang Suk-jin, Digital Asset Special…
Productization of Web3: Barriers to enterprise adoption

Web3 has the potential to drive an equitable and decentralized internet. It can also drive exponential business models and unlock new revenue streams for enterprises. While Web3 is gaining adoption and scaling in enterprises, its productization at scale has several barriers. Many enterprises view Web3 as a nuance they must come to terms with, while…
CertiK-Audited Merlin DEX Suffers $1.82M Liquidity Pool Hack

CertiK-audited DEX Merlin experienced a $1.82 million hack. The attacker drained funds from a liquidity pool on the DEX, which is built on zkSync. Decentralized exchange Merlin suffered a hack on April 26, losing $1.82 million. PeckShield and several community members have pointed out that the exchange was exploited, providing the exploiter’s addresses. The funds,…
Cryptocurrency Ethereum has slashed its energy use by 99.99 per cent

The world’s second-largest cryptocurrency, Ethereum, has successfully slashed its emissions by 99.99 per cent after an unprecedented experiment to ditch power-hungry mining in favour of a new approach, according to researchers. But experts say there is little appetite for such a change among users of bitcoin, the largest digital currency, which has no central body…
US and Philippine forces fire on mock enemy warship in South China Sea military exercise

In the latest display of American firepower in Asia, the United States and the Philippine forces fired on a mock enemy warship in the South China Sea on Wednesday. Tensions with China continue to rise as these annual Balikatan drills began and are expected to run until April 28. Over 17,600 military personnel are expected…
Mozambique okays resumption of $20bn Cabo Delgado gas project

The president of Mozambique, Filipe Nyusi, has stated that it is safe to restart the Cabo Delgado liquified natural gas project. The project had been stopped in April 2021 after rebel attacks on civilians in the area. Mozambique is planning on taking advantage of the current high prices of LNG and the global shift towards…
Taliban kill IS leader behind Kabul airport bombing

US officials say that the Islamic State group mastermind thought to have been behind the 2021 bombing in Kabul airport has been killed by Afghanistan’s Taliban. Through intelligence gathering and monitoring of the region, US officials had determined that the leader had died. No further details were provided. The bombing happened on 26 August 2021…
Sudan crisis: War crimes suspect free amid chaos

A former Sudanese politician, who is wanted for alleged crimes against humanity, has stated that he and other former officials are no longer in jail. Ahmed Haroun, alongside former Sudan president Omar al-Bashir, have reportedly broken out of prison at Kober. The decision to break out of prison was to protect themselves due to lack…
Organizations Warned of Security Risk in Default Apache Superset Configurations

The Apache Superset installations can be exploited by hackers to gain administrator access and execute code. Apache superset is an open source application that allows users to explore and visualize large amounts of data. A secret key for authentication is needed to be signed into superset. If an attacker knows a Superset session key, they…
US Cyberwarriors Thwarted 2020 Iran Election Hacking Attempt

According to U.S. military and cybersecurity officials, Iranian hackers broke into the system used by a local government in 2020 in hopes to support its election night. However, they were kicked out before an attack was launched. The system was not used for casting or counting ballots, but used to report unofficial election results. If…
Ordinals Finance has conducted a $1M rug pull: CertiK

Ordinals Finance, an Ethereum-based decentralized finance (DeFi) protocol that allows users to lend and borrow inscriptions, has been accused of performing an exit scam, also known as a “rug pull.” In an April 24 press release seen by Cointelegraph, blockchain security firm CertiK reported that the protocol’s developer pulled 256 million OFI tokens out of…
How to fortify your cryptocurrency security

In today’s uncertain economic climate, people are searching for alternative ways to invest and store their money. With high inflation rates during the last month and yet another crisis in the financial system, one option that has gained significant popularity is cryptocurrency, particularly Bitcoin. We just need to take a look at its price, which…
Court Charges 5 in $2M HYDRO Token Manipulation Case, SEC Records Victory

Five individuals have been handed massive fines for ‘conspiring to manipulate the market’ using the ERC-20 Hydro (HYDRO) token. The scheme reportedly resulted in more than $2 million in investor losses. The authorities in Miami made a sealed indictment public on Tuesday. It accused two Americans and a South African of market manipulation. Additionally, authorities have…
Terra Co-Founder Daniel Shin Indicted in South Korea

Terraform Labs co-founder Daniel Shin was among ten people indicted on multiple charges in South Korea on Tuesday, according to a report. Shin and seven others were charged with illegal trading, while another two people were indicted for breach of trust. Prosecutors said at a press briefing that all those concerned are linked to Terra,…
Coinbase files legal challenge to push SEC to write rules on crypto

Coinbase Global Inc filed a petition on Monday in an effort to compel the U.S. Securities and Exchange Commission to create new rules for digital assets, the company said in a blog post, in the latest escalation of the cryptocurrency exchange’s tensions with the securities regulator. Coinbase filed a petition for rulemaking with the SEC…
Pakistan police say electrical shorts caused blasts, toll hits 17

Pakistani police have confirmed that the two blasts that struck a counter-terrorism facility in the northwest of the country were not caused by a terror attack, but by electrical shortages. The explosions occurred on Monday in the ammunition depot in Kabal town of Swat district in Khyber Pakhtunkhwa province. The death toll from the explosions…
Turkish mass arrests target Kurdish areas ahead of election

At least 126 people have been detained by Turkish police as they have suspected links to a banned Kurdish military group. The detentions have been mind ahead of an election that could see President Recep Tayyip Erdogan lose the presidency. Turkish reports said the detentions occurred across 21 provinces and were suspected of financing and…
Israel arrests Jordanian MP for alleged gun-smuggling

A Jordanian MP was stopped Saturday night by Israeli forces at the Allenby Bridge crossing on the West Bank border. Imad al-Adwan was carrying 12 machine guns and 270 other types of firearms according to videos released on Israeli social media. Adwan is a member of the Jordanian Palestine Committee and was previously outspoken against…
Sudan factions agree to 72-hour ceasefire as foreigners are evacuated

The Sudan Armed Forces (SAF) and Rapid Support Forces (RSF) have agreed to a 72-hour ceasefire starting Tuesday while many nations evacuate their citizens from the country. Secretary of State Anthony Blinken strongly urged both sides to uphold the agreement, despite previous ceasefires falling through. The United States also pledged to work with regional and…
The Department of Homeland Security’s long-delayed Quadrennial Homeland Security Review warned that “more complex” threats to the nation, such as crippling cyberattacks, could affect “multiple industries, sectors and national critical functions.”

The recently released Quadrennial Homeland Security Review enumerates how the Department of Homeland Security intends to defend public and private sector entities from the growing number of cyber-attacks. DHS noted that cyber attacks on underpinning critical infrastructure can have cascading effects on various industries, citing the 2021 Colonial Pipeline attack as a prime example. The…
3CX breach linked to previous supply chain compromise

Mac and Windows versions of the 3CX communications app were compromised with malware and infected at least 97 users with information-stealing software. After a 3CX employee downloaded a compromised X_Trader installer, a hacker used a TAXHAUL launcher and COLDCAT downloader to perform DLL search order hijacking in the Windows 3CX build environment. In the macOS…
KuCoin to reimburse victims of the short-lived Twitter account hack

The official Twitter account of the crypto exchange KuCoin has recently been compromised, leading to users losing their funds to a fake giveaway event. The crypto platform promised to reimburse the funds lost from the incident. In an announcement, KuCoin confirmed that its Twitter was compromised for almost an hour on April 24, 8 AM ET.…
U.S. Sanctions 3 North Koreans for Supporting Hacking Group Known for Crypto Thefts

The U.S. Treasury Department’s sanctions watchdog banned three North Korean individuals for supporting the Lazarus Group, a North Korean hacking team known for crypto thefts that U.S. authorities say have been used to support the nation’s weapons program. Two of the sanctioned individuals, Cheng Hung Man and Wu Huihui, were over-the-counter (OTC) traders who facilitated…
Crypto winter is over — and bitcoin could hit $100,000 by the end of 2024, Standard Chartered says

Bitcoin’s value could jump to as much as $100,000 by the end of 2024, Standard Chartered said in a note published Monday. The collapse of Silicon Valley Bank and other mid-tier U.S. lenders has solidified the case for bitcoin as a “decentralised, trustless and scarce digital asset,” Standard Chartered analyst Geoff Kendrick said in the…
Most DeFi Protocols Fade After They’re Hacked, Analysis Shows

Euler Finance, a lending protocol which suffered a $200M hack last month, is facing an uphill battle. After miraculously recouping nearly all lost funds, the question is, can Euler recover from the attack? Data on the top five hacks of DeFi protocols says no. A survey of the top five hacks in dollar terms shows…
Trust Wallet to reimburse users after $170,000 security incident

Crypto wallet Trust Wallet has disclosed a security vulnerability that resulted in nearly $170,000 in losses for some users. The vulnerability has been patched, according to the company. Trust Wallet found out about the issue through its bug bounty program. A security researcher reported a WebAssembly vulnerability in the open-source library Wallet Core in November 2022.…
Shahabuddin Chuppu takes oath as Bangladesh’s 22nd president

Shahabuddin Chuppu is a retired judge and has been sworn in as the new president of Bangladesh for a five-year term. Chuppu replaces Abdul Hamid as the 22nd president of the South Asian country. Chuppu was the nominee of the ruling Awami League party and was elected unopposed in February. The Awami League party has…
Emerging Blockchain Solutions to Persistent Security And Privacy Challenges

Blockchain technology is a revolutionary digital ledger system that enables the secure and transparent recording of transactions across a decentralized network. This disruptive technology has gained immense popularity due to its potential to transform various industries, ranging from finance to healthcare and beyond. However, despite its numerous benefits, blockchain technology also has its limitations and…
How Sovereign Governments Are Using Crypto to Evade Sanctions

According to a growing body evidence compiled by Chainalysis, cryptocurrencies are being used to evade economic sanctions. This is not a new issue, but the problem is escalating. A bulk of the illicit funds in recent months have flowed between Binance and Iran’s largest crypto exchange, Nobitex. And most of the transactions reportedly were in…
Exposing Fraudulent Crypto Firms: AI and Actors in Elaborate Scams

The financial world is no stranger to scams and fraudulent schemes, and the crypto industry has recently come under fire as a series of companies have been accused of running elaborate investment schemes. The California Department of Financial Protection and Innovation (DFPI) has issued desist and refrain orders against several crypto firms, alleging the use…
Ukraine plans to adopt EU’s new cryptocurrency regulations

Hot on the heels of the European Parliament passing the Markets in Crypto-Assets (MiCA) regulation, Ukrainian regulators have stated publicly that they will adopt the legislative package in their own country as well. The Deputy Chairman of the Tax Committee of Ukraine, Yaroslav Zheleznyak, said on his Telegram channel on April 20 that “We, along…
Americans view crypto investing as unreliable. They’re right.

Cryptocurrency investing is like going to a ritzy casino — the sights and sounds of winning don’t mean the vast majority of people are richer than when they started playing. It’s all part of the lure and illusion. It’s why slot machines are built to flash and ring when someone hits a jackpot. The casino…
Ukraine Defended Bakhmut Despite U.S. Warnings in Leaked Documents

Ukraine forces still cling to Bakhmut’s western edge despite dire warnings from Washington that they would not be able to hold the city against an onslaught of Russian mercenaries. As early as January, Washington warned Ukraine of the potential encirclement of their forces in Bakhmut and suggested Kyiv should let the city go. These warnings…
U.S. Deploys More Troops to Djibouti for Possible Sudan Evacuation

The United States is preparing to send a large number of additional troops to Djibouti in case an evacuation of Americans from Sudan becomes necessary. Sudan began a violent struggle last weekend due to forces commanded by two former allied leaders of Sudan’s ruling council. The U.S. has deployed additional capabilities in Djibouti for the…
China Developing Anti-Satellite Weapons – Report

As part of China’s effort to become the leading power in space by 2045, they are on their way to developing capabilities to hijack and sabotage enemy satellites, according to leaked U.S. documents. This classified CIA document states that China is focused on capabilities allowing it “to seize control of a satellite, rendering it ineffective…
Malware is Proliferating, but Defenses are Stronger: Mandiant

Threat groups are on the rise, and Google Cloud’s cyber defense unit Mandiant is tracking 3,500 of them. Mandiants’s M-Trends 2023 report found organizations faced intrusions by advanced groups, which include government-sponsored entities from China and Russia, financially motivated threat groups and 335 uncategorized threat groups. Dwell time, the number of days an adversary lurks…
Sotheby’s to Auction NFT Collection from Bankrupt Crypto Hedge Fund 3AC

Auction house Sotheby’s will auction non-fungible tokens (NFTs), which are part of the bankrupt crypto hedge fund Three Arrows Capital’s assets. Sotheby’s will sell NFT art from 3AC’s GRAILS collection live, online, and through other sales channels, considering the art’s context and format. They will auction the first batch of seven ‘hand-picked’ works during the…
Founder of collapsed crypto exchange Thodex detained in Turkey

The saga of the Turkish cryptocurrency exchange Thodex continues, with the founder being finally brought back home in two years after the platform halted trading. Faruk Fatih Ozer, founder and former CEO of Thodex, has been extradited from Albania to Turkey, Cointelegraph Turkey reported. Facing charges of fraud and money laundering, the local police immediately…
Why This Cryptocurrency Has Grown by 21,000%

In the world of cryptocurrencies, anything is possible. The sector has made many millionaires, but has also made many bankrupt in an instant. Cryptocurrencies with a very low market cap can go up by ridiculous percentages and make investors millionaires overnight. During the previous bull market, we saw that these coins do not even have…
Cryptocurrency regulations approved in EU parliament

The European Parliament has overwhelmingly backed new regulations governing the trading of cryptocurrency. They are due to come into effect from July of next year. The new measures seek to ensure that crypto assets can be traced, preventing money laundering, terrorist financing, and other crimes. Major crypto service providers, which are often responsible for a high carbon footprint,…
Israel cements ties to Turkmenistan on Iran’s border

Foreign Minister Eli Cohen established Israel’s new permanent embassy in Ashgabat, Turkmenistan, on Thursday. The two countries have had diplomatic ties for 30 years, but the establishment of a permanent embassy is an advancement from the previous temporary Israeli mission in Ashgabat. Cohen tweeted that the new embassy is just “17 kilometers from the border…
Critical Infrastructure Firms Concerned Over Insider Threat

A new report released by Bridewell Consulting found that over one third of critical national infrastructure security leaders are concerned over insider threats that may arise from economic downturn. The report polled 1025 individuals who have pertinent roles in cybersecurity for companies located in the US and UK in the communications, transportation, government, finance, utilities,…
Khartoum residents fear food shortages amid fighting

Fighting in Sudan’s capital is severely affecting food supplies, along with disrupting access to water and electricity according to Khartoum residents. Some families only have enough food for two days and are attempting to make their supplies last longer. Water and electricity cuts have affects many homes in Sudan since the conflict broke out on…
Iranian Nation-State Actor “Mint Sandstorm” Weaponizes N-day Flaws

A threat actor commonly known as Mint Sandstorm and Phosphorus has been identified as weaponizing N-day vulnerabilities. The group ha associated with the Iranian government, as well as APT35, APT42 and Charming Kitten. Microsoft released a report earlier this week highlighting the group’s new techniques that are designed to launch campaigns that align with Iran’s…
Supporters of Indian separatists using Twitter bots to promote violence

As the conflict continues between the Indian government and Sikh separatists, supporters of the Khalistani movement are using networks of linked accounts and bots to emanate calls to action on Twitter. These online campaigns come as Indian police still search for Sikh preacher Amritpal Singh and Indian representatives and consulates are attacked in America. The…
Spyware Company NSO Exploits Find My iPhone Flaw In Zero-Click Hack

According to new research from the University of Toronto Citizen Lab, the Israeli NSO Group has continued to utilize iPhone security applications to exploit and influence the devices. Best known for its zero-click spyware “Pegasus,” the NSO Group has a history of enabling customers with questionable human rights records to spy on citizens. The Citizen…
Unprecedented 20-Year Rice Shortage Looms: Causes and Business Implications

A global rice shortage is on the horizon, potentially the largest one in two decades. The shortage is primarily due to extreme weather conditions, including floods, droughts, and typhoons, as well as the ongoing war in Ukraine. Additionally, the COVID-19 pandemic has exacerbated the situation by disrupting supply chains, leading to decreased production, transportation delays,…
Dozens die in Ramadan crush in Yemen’s capital Sanaa

At least 78 people have died in a crush at a school in the capital of Yemen, Sanaa, during a distribution of charity for Ramadan. The incident occurred in the Bab-al-Yemen area of the city. Houthi rebels have run Sanaa since they drove the government out in 2015 and hundreds of people crowded into the…
The 5 Biggest Problems With Blockchain Technology Everyone Must Know About

Blockchain technology has undeniably captured the imagination of the tech world and beyond, offering the promise of decentralized, transparent, and tamper-proof systems. From its inception with Bitcoin to the development of smart contracts, non-fungible tokens, and decentralized finance, blockchain has been hailed as a groundbreaking innovation with potential applications in numerous industries. But along with…
Hong Kong court rules cryptocurrencies as property

A court based in Hong Kong has acknowledged cryptocurrencies as property that can be held in trust in a ruling involving the defunct crypto exchange Gatecoin. In an analysis of the ruling published by the law firm Hogan Lovells, Judge Linda Chan reportedly said that crypto has property attributes. The court deemed that it was appropriate…
Ethereum MEV Bot Guzzles Over $1M in Gas Pumping Memecoins

An Ethereum MEV bot has been busy churning through gas as it pumps obscure memecoins such as PEPE and WOJAK. The ‘jaredfromsubway.eth’ MEV bot has spent more than $1 million in gas over the past 24 hours. According to Dune Analytics, it has accounted for almost 8% of the total gas spending over the past…
Optimism: DeFi protocol succumbs to hack, how was OP impacted

Hundred Finance, a lending and borrowing DeFi protocol on the Optimism [OP] network, was attacked by a hacker on 15 April. The hack led to the exploitation of $7 million worth of assets. According to data provided by PeckShield Inc, a blockchain security firm, the hacker’s strategy was to donate a large amount of Wrapped…
Crypto firms scramble for banking partners as willing lenders dwindle

Crypto firms have been left scrambling to find banking partners after the collapse of three crypto-friendly lenders in the U.S. last month, creating a risk their business will become concentrated in smaller financial institutions. It is a scenario that concerns U.S. regulators, who have expressed doubt about the safety and soundness of bank business models…
RTM Locker Gang Targets Corporate Environments with Ransomware

The Read The Manual (RTM) ransomware group has been observed by security researchers at Trellix targeting corporate environments. According to an advisory that Trellix published last week, the group takes a businesslike approach and forces affiliates to adhere to a strict set of rules. The company was able to analyze RTM Locker group’s panel, which…
Exploit targets crypto veterans, drains over $10M across 11 blockchains

An as-of-yet unidentified wallet-draining exploit has taken more than $10.5 million in nonfungible tokens (NFTs) and coins since December 2022 from experienced community members who were “reasonably secure.” MetaMask developer Taylor Monahan brought the issue to light and said that at least 5,000 Ether had been stolen, but also noted that the extent of the…
Silk Road Hacker Sentenced After Police Seize 50,000 BTC

The Department of Justice announced sentencing in a Silk Road hacking case following a seizure of 51,000 bitcoin over the past two years. In 2012, defendant James Zhong amassed the bitcoin through a scheme where he triggered “over 140 transactions in rapid succession to trick Silk Road’s withdrawal-processing system into releasing approximately 50,000 Bitcoin from its…
SEC charges cryptocurrency exchange Bittrex and former CEO William Shihara

The U.S. Securities and Exchange Commission today charged cryptocurrency company Bittrex Inc., as well as former Chief Executive Officer William Shihara, for operating an unregistered securities exchange. The agency filed the complaint with the U.S. Distinct Court in Western Washington. Earlier this year, the SEC stated that it believes many popular cryptocurrencies could be considered securities.…
How AI Is Revolutionizing Crypto Trading

Cryptocurrency markets never sleep, and neither does artificial intelligence (AI). Traders have started leveraging AI crypto trading to make better decisions and predict market trends, transforming the trading landscape. But with great potential comes potential pitfalls. In this article, we’ll explore how AI is shaping cryptocurrency trading, its benefits, drawbacks, and the implications of adding…