Weekly Crypto Cybersecurity Roundup: Cartel Laundering, Malware Alerts
A drug cartel laundered billions via Brazilian crypto brokers, malicious software targeted seed phrases, and a fake 'crypto academy' was busted. A separate cyberattack hit over 30 Minnesota water plants.
Key cybersecurity incidents from the past week with crypto ties:
- Brazilian authorities uncovered a drug cartel laundering billions of dollars through local cryptocurrency brokers.
- Ukrainian police shut down a scheme operating as a fraudulent 'crypto academy'.
- A new malware strain named SparkKitty was found scanning smartphone image galleries for seed phrases.
In a separate incident, a cyberattack disrupted automated controls at more than 30 water treatment facilities in Minnesota, though no crypto connection was reported. The cases underline persistent threats from both financially motivated criminals and state-sponsored actors.
Source: ForkLog