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Hackers Demand Over $250,000 for Ransomware Decryption Keys

Hackers Demand Over $250,000 for Ransomware Decryption Keys The alleged authors of the NotPetya ransomware, which swept through Ukraine locking the systems of governments, financial institutes and businesses, demanded a payment of 100 BTC, which was over $250,000 at the time, for the private keys. Earlier this week, Motherboard reported that cyber security researchers detected movement around the BTC wallet ... Read More »

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24.7.17 Dark Web and Cybercrime Roundup

A Globally Coordinated Operation Just Took Down Alphabay and Hansa The events over the past three weeks were not unrelated to Alphabay’s downtime, law enforcement agencies revealed on July 20. Although even before the announcement, the world learned that Alexandre Cazes’s death was directly linked to an investigation into Alphabay and even alpha02. Law enforcement agencies spoke with Martin Cazes, ... Read More »

Dealers in India Busted, Resold Drugs from US Vendor

On July 2, Hyderabad police arrested three men for LSD and MDMA importation and distribution. The men ordered the drugs from a darknet supplier in Chicago and then distributed them amongst dozens of dealers. The dealers, in turn, spread the drugs throughout Hyderabad and Secunderabad where college students and members of the film industry. Police arrested Calvin Mascarenhas, Abdul Wahed, ... Read More »

Man Sentenced To 10 Years after 2016 Darknet Bust

In 2016, Benjamin Bricker was arrested for distributing cocaine purchased from the Darknet. The 26-year-old man pleaded guilty to the criminal counts and has been sentenced to 10 years in prison. Bricker was accused of being in possession of cocaine valued at 4 to 200 grams. According to the law, the punishment for this type of crime is a sentence ... Read More »

A New Blockchain Market Engineering Approach – A Research Paper

Market engineering refers to the process of prudently restructuring a market aiming at transforming it into efficient and effective means for execution of exchange transactions. Via presenting a holistic, interdisciplinary set of tools to systematically analyze, design, structure and build the elements of various market platforms, to determine fields of application and also to formulate theoretical design and develop evaluation ... Read More »

Bitcoin news roundup, July 22, 2017

This week’s summary of various cryptocurrency news and developments: New developments: BIP 91 has locked in with 84.7% support, but Bitcoin isn’t scaled yet Bitcoin’s scaling debate may finally be over, as Bitcoin Improvement Proposal (BIP) 91 has locked in with 84.7% support from miners who signaled for the proposal during 269 blocks, according to data from Coin.Dance. This allows ... Read More »

Finland’s Biggest Ex-Vendor Sentenced to Prison

Throughout 2016, Finnish Customs investigated a major drug distributor. They intercepted packages of outgoing mail and cars of incoming drugs. By the end of the year, Customs narrowed the suspect list down to three names. Officers arrested the correct suspect; the darknet marketplace vendor was the largest in the region at the time—his name was Douppikauppa. Douppikauppa, in July 2017, ... Read More »

Berlin Darknet Vendors Sentenced to Prison

Not even three months after their wedding, Daniel B. and Juliana B. landed in police custody for drug distribution. In November 2016, police in Berlin arrested the couple after an investigation into suspicious banking activity led to the discovery that the partners sold drugs on darknet marketplaces. And finally, in July, the judge handed down their punishments. Daniel, the 35-year-old ... Read More »

Restricting Illegal Cryptocurrency Transactions Via An Ethereum Token

The trend of cryptocurrencies is flaring up like never before these days, as more individuals are tempted to use blockchain based, decentralized cryptocurrencies. Due to their decentralized peer-to-peer (P2P) nature, cryptocurrencies have won the hearts of decentralization advocates, crypto-anarchists and libertarians. Nevertheless, given the fact that cryptocurrencies cannot be controlled by any form of intermediary, or third party, they can ... Read More »

UVCoin – A New Cryptocurrency With Improved Scalability and Control Over Monetary Supply

Apart from their booming success, presently available cryptocurrencies suffer from multiple limitations. By far, the most demanding of these limitations is their poor scalability. The most used cryptocurrency network right now is bitcoin, which can handle no more than 7 transactions per second; this is significantly low when compared to Paypal which can handle over 100 transaction per second, and ... Read More »

WikiLeaks Exposes CIA’s SSH Hacks for Windows and Linux

WikiLeaks has released new documents in their Vault 7 series of leaks exposing the CIA’s hacking tools. The new documents cover tools that the CIA uses to hack the Secure Shell (SSH) cryptographic protocol. SSH allows users to securely access other computers remotely over an unsecured network. Two exploits that allow the CIA to capture and exfiltrate SSH credentials are ... Read More »

Analyzing Bitcoin Mining Botnets (Minerbots) – How Can We Shield Our Systems Against Minerbots?

Botnets have recently become one of the most serious forms of malicious tools used by cybercriminals to launch a myriad of attacks not only on individuals, but also on servers belonging to large organizations. Botnets can be used to perform a variety of malicious attacks including DDoS attacks, email spamming, phishing of private data, identity theft, bitcoin mining and others. ... Read More »

Researchers Crack Satellite Phone Encryption with New Attack

  Researchers in China have found a way to crack the encryption of satellite phones in real time. The new attack the researchers discovered builds on a previous attack on satellite phone encryption that researchers from Germany discovered back in 2012. Both attacks target GEO-Mobile Radio Interface (GMR) ciphers known as GMR-1 and GMR-2, which is what is used to ... Read More »

Texas Playpen Member Found Guilty of All Charges

Like dozens of the defendants caught in the FBI’s “Operation Pacifier,” 39-year-old Daryl Glenn Pawlak fought the case with vigor. He opposed the FBI’s use of the NIT that connected his username to his company computer. He first accessed “Playpen,” the child sexual abuse forum, in August 2014, according to a grand jury indictment returned in 2016. Between August 2014 ... Read More »