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Politics Members of hacking group sentenced for stealing millions in cryptocurrency

23:10  30 november  2021
23:10  30 november  2021 Source:   thehill.com

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‘The Community’ accused of stealing millions of dollars in cryptocurrency . – A juvenile in Canton Township and six other men have been identified as members of “The Community,” an international group that hacks into people’s cellphones -- often bribing or tricking mobile phone companies -- to steal millions of dollars in Bitcoin and other cryptocurrency , officials said.

Around million in a variety of cryptocurrencies has been stolen from MonoX in a DeFi hack . MonoX is a DeFi platform that offers liquidity pools, where traders can place their tokens and receive tokens in return for providing liquidity. The funds stolen included .2 million in wrapped ether (WETH) and .5 million in polygon (MATIC). Other tokens taken were WBTC, LINK, GHST, DUCK, MIM and IMX. MonoX explained that price of MONO tokens were artificially boosted, enabling the attacker to use the tokens to purchase the other assets in the pools at much cheaper rates.

The Justice Department on Tuesday announced the sentencing of the last member of an international hacking group indicted for allegedly stealing millions in cryptocurrency as part of a "SIM hijacking" effort.

a hand holding a coin: Visual representation of bitcoin cryptocurrency © Getty Images Visual representation of bitcoin cryptocurrency

Missouri-based Garrett Endicott, the sixth and final member of a hacking group known as "The Community," was sentenced Monday to 10 months in prison and ordered to pay a fine of over $120,000 for his part in the cryptocurrency scheme.

The scheme, which members of The Community were indicted in connection with in 2019, involved the hackers using "SIM hijacking" to take control of the victim's phone number and rerouting calls and texts to their own devices. This then enabled the group members to individually steal between $50,000 and $9 million in total from victims across the United States through gaining access to email and cryptocurrency accounts on the victims' phones.

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US investigators have recovered millions in cryptocurrency they say was paid in ransom to hackers whose attack prompted the shutdown of the key East Coast pipeline last month, the Justice Department announced Monday. Specifically, the Justice Department said it seized approximately .3 million in Bitcoins paid to individuals in a criminal hacking group known as DarkSide. The FBI said it has been investigating DarkSide, which is said to share its malware tools with other criminal hackers , for over a year.

23.7m members in the news community. Because if you had 1,000,000 stolen Bitcoin and 1,000,000 legitimately mined Bitcoin and you put them both into the same wallet, then The unit as it was setup was intended to hack foreign hackers (going on the offense) and probably could have just taken all of

Individual victims of the hijacking effort lost between $2,000 and $5 million.

"The actions of these defendants resulted in the loss of millions of dollars to the victims, some of whom lost their entire retirement savings," Acting U.S. Attorney Saima Mohsin for the Eastern District of Michigan said in a statement Tuesday. "This case should serve as a reminder to all of us to protect our personal and financial information from those who seek to steal it."

Endicott was given a light sentence in comparison to other members of The Community who have already stood trial, with Endicott and three others being sentenced in the Eastern District of Michigan.

Florida resident Ricky Handschumacher was sentenced to four years in prison and fined over $7.6 million; Iowa resident Colton Jurisic is serving 42 months in prison and was ordered to pay over $9.5 million; and South Carolina resident Reyad Gafar Abbas was sentenced to two years in prison and fined over $310,000.

String of Thefts at High-End San Francisco Stores Have Officials Wary of Coordinated Effort

  String of Thefts at High-End San Francisco Stores Have Officials Wary of Coordinated Effort After several robberies at high-end stores around San Francisco, law enforcement officials are growing concerned about the trend of "flash mob robberies."According to The Associated Press, law enforcement officials believe the thefts to be the work of organized crime networks recruiting young people to steal valuable merchandise, then sell it online.

Nearly 0 million in ether was allegedly stolen . Soon after the hack , Tether, the company behind the world’s third-largest cryptocurrency by market capitalization, froze roughly million in USDT tokens associated with the alleged hacker ’s wallet address, according to its chief technology officer. Blockchain-based security firm SlowMist also issued a statement hours after the attack, saying it had identified the attacker’s email, IP address and device fingerprints, and was working on tracking additional identity clues.

How FIN7 Hacking Group Works? The members of FIN7 engaged in a highly sophisticated malware campaign to attack hundreds of U.S. companies, mainly in the restaurant, gambling, and hospitality industries since at least 2015. FIN7 has hacked into thousands of computer systems and stole millions of customer credit and debit card numbers that were According to the Justice Department, “during his time with FIN7 the gang’s attacks resulted in over 0 million in losses to various financial institutions, merchant processors, insurance companies, retail companies, and individual cardholders”.

Irish citizen Conor Freedman was previously sentenced to three years in prison by an Irish court, while Connecticut resident Ryan Stevenson was sentenced to probation, with both ordered to pay some form of restitution.

"The illegal activities of The Community were thwarted as the result of a complex international cryptocurrency and identity theft investigation," Acting Special Agent in Charge James Harris of U.S. Immigration and Customs Enforcement's (ICE) Homeland Security Investigations Detroit said in a statement Tuesday.

"As criminal organizations commonly use web-based schemes to further their illicit activities, this demonstrates how vulnerable our personal information can be, and the damage that can ensue when our information falls into the wrong hands," Harris said.

Cryptocurrency schemes have increased as the use of Bitcoin has become more popular. Google in October announced that it had disrupted a scheme by Russian-speaking hackers to target YouTube users in a cryptocurrency scam effort, while cryptocurrency virtual exchanges have been the target of recent sanctions by the Treasury Department due to their use by hackers to facilitate ransomware attack victim payments.

Hillicon Valley — State Dept. employees targets of spyware .
Today is Friday. Welcome to Hillicon Valley, detailing all you need to know about tech and cyber news from Capitol Hill to Silicon Valley. Subscribe here: thehill.com/newsletter-signup.Follow The Hill's cyber reporter, Maggie Miller (@magmill95), and tech team, Chris Mills Rodrigo (@millsrodrigo) and Rebecca Klar (@rebeccaklar_), for more coverage.Ladies and gentlemen the weekend! But before we get there, news broke today that the phones of almost a dozen State Department employees were targeted and hacked by spyware from embattled company NSO Group, which was recently blacklisted by the Commerce Department.

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This is interesting!