cryptohacks

Jake Gallen, CEO of the NFT platform Emblem Vault, lost more than $100,000 in crypto assets after what seemed like a harmless Zoom call turned into a nightmare. What started as a routine business meeting turned out to be a sophisticated hacking operation orchestrated by a cybercriminal group known as "Elusive Comet."

Zoom: A Backdoor for Malware
On April 11, Gallen shared on social media platform X that his system had been fully compromised, resulting in the loss of various cryptocurrencies, including Bitcoin and Ethereum, from multiple wallets.
He later revealed that the breach happened during a Zoom video call, which he had agreed to after being contacted by a verified X account with 26,000 followers claiming to be the CEO of a crypto mining platform.
During the call, Gallen had his camera on while the other participant remained hidden. It was during this meeting that malicious software called GOOPDATE was installed on his computer, allowing the attackers to steal his credentials and gain access to his wallets.

Elusive Comet — A Stealth Threat with a Professional Façade
Following the incident, Gallen began working with cybersecurity firm The Security Alliance (SEAL) to investigate the attack. According to their research, Elusive Comet operates under the disguise of a legitimate VC firm called Aureon Capital, which in reality serves as a front for targeted crypto theft.
SEAL warns that the group uses advanced social engineering tactics to manipulate victims into installing malware or granting system access unknowingly.

Zoom's Dangerous Default Setting
One of the key factors in the attack was Zoom’s remote access feature, which is enabled by default. This means that unless users manually disable it, anyone in the meeting can request access to their system.
Well-known NFT collector Leonidas also raised concerns, urging people in the crypto industry to immediately turn off this setting.
Security researcher Samczsun added that although remote access still requires user approval, attackers often manipulate victims into granting it through deceptive methods.

Hackers Breached Ledger Wallet and X Account
According to Gallen, the hackers even managed to gain access to his Ledger hardware wallet, despite the fact that he had only logged into it a few times in three years and had never stored credentials digitally. They also breached his X account and used it to lure additional victims via private messages.
SEAL reports that Elusive Comet has already stolen millions of dollars, using a carefully built network of fake identities and trustworthy-looking brands.

What You Can Do
SEAL urges anyone who has interacted with the alleged Aureon Capital to reach out to their emergency security team via Telegram. Key recommendations include:

🔹 Never grant device access during video calls.

🔹 Disable Zoom’s default remote access permissions.

🔹 Be extremely cautious, even when contacted by “verified” accounts.
The crypto space is becoming increasingly dangerous, and modern attacks are more sophisticated than ever. In a world where a single click can cost you everything, vigilance is the most valuable currency.

#CryptoSecurity , #CyberSecurity , #cryptohacks , #CryptoNewss , #bitcoin

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Coinbase is facing a turbulent period. Its stock dropped sharply following revelations about a serious customer data breach and an ongoing investigation by the U.S. Securities and Exchange Commission (SEC), which is questioning the company’s previously reported user numbers.
According to Google Finance, Coinbase (COIN) shares fell by 7% after market close on May 15, ending the day at $244.

📊 SEC Investigates “Inflated” User Numbers
The SEC probe focuses on Coinbase’s 2021 claim that it had “over 100 million verified users,” a figure cited in marketing materials and IPO filings.
Coinbase has since stopped reporting this metric in 2022, replacing it with the more transparent figure of monthly transacting users.
Coinbase’s Chief Legal Officer Paul Grewal told :
“This is an investigation concerning data we stopped reporting two and a half years ago. Still, we remain committed to working with the SEC to bring this matter to a close.”

🔍 Investigation Continues Despite Dropped Lawsuit
Interestingly, the investigation continues even though the SEC dropped its 2023 lawsuit against Coinbase. The probe, which began during the Biden administration, has carried over into the Trump era.
To manage its legal response, Coinbase has hired the respected law firm Davis Polk & Wardwell.

🔐 Cyberattack and Extortion Attempt Shake Investor Confidence
Coinbase also announced that it had been targeted by an extortion attempt. Hackers demanded $20 million in exchange for not leaking customer data.
The breach reportedly involved foreign support staff, who misused their access to steal account information from a small group of users.
Coinbase refused to pay the ransom but pledged to compensate affected customers, estimating the costs of restitution and security measures at between $180 million and $400 million.

📉 Double Blow Hits Investors
The company is now dealing with a double blow: shaken investor confidence due to scrutinized past user data and renewed concerns over platform security. The combined impact of both events triggered a strong reaction on the stock market, sending Coinbase shares downward.

#coinbase , #cryptohacks , #SEC , #stockmarket , #CryptoSecurity

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Hackers Exploited the Account to Promote Fraudulent Tokens
The @TrumpDailyPosts account on the X platform (formerly Twitter) has been hacked and is being misused to spread fake meme coin addresses. The compromised account continues to actively promote several fraudulent tokens, including a fake token named $POWER.
According to Scam Sniffer, a Web3 platform focused on combating scams, the hackers not only post but also quickly delete content related to these fraudulent schemes. Users are advised to verify the credibility of any investment promises, especially those originating from compromised accounts.

Connection to Other Organized Scams
Investigations revealed that the gas source used to create the fake $POWER token address was linked to the same platform involved in a recent hack of the Farcaster account, owned by a MetaMask co-founder.
During that incident, hackers promoted fraudulent meme coins and were accused of generating over 1,000 SOL (Solana). These activities point to a well-organized cybercriminal gang targeting prominent crypto figures and organizations.
Social Media as an Emerging Tool for Fraud
A troubling trend in the crypto space is the increasing use of social media accounts to promote fraudulent tokens. Hackers exploit high-profile accounts to create an illusion of trustworthiness and maximize their financial gains.
The hacking of @TrumpDailyPosts is yet another example of how cybercriminals are adapting their methods. By leveraging fraudulent meme coins and social media, they are creating new ways to deceive investors and extract illicit profits.
How to Protect Yourself From These Scams
Given these trends, it is crucial for both users and platforms to pay closer attention to identifying fraudulent activities. Users should exercise extreme caution when considering any investment opportunities, especially involving meme coins or less-known tokens.
Safety should always take precedence over the promise of profit. Verify sources, thoroughly check addresses, and avoid suspicious projects promising unrealistic returns. The crypto space offers numerous opportunities but also comes with heightened risks that require vigilance and proactive measures.

#CryptoNewss , #blockchain , #CryptoScamAlert , #cryptohacks , #HackerAlert

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

India’s largest crypto exchange, CoinDCX, has reportedly fallen victim to a massive hack, causing an estimated $45 million in damages. This shocking breach has sent ripples across the global crypto community, raising serious questions about the security of digital assets.
While CoinDCX is known for its robust infrastructure and user-friendly platform, this incident highlights how even major exchanges can become targets of sophisticated cyberattacks. The details of how the hack took place are still under investigation, but the losses are already shaking investor confidence.
The crypto world is no stranger to hacks, yet each major breach reminds us of one hard truth: your assets are only as safe as the platform you trust. Experts suggest moving funds to cold wallets and enabling two-factor authentication (2FA) to reduce risk.
What’s next for CoinDCX?
The company has yet to release a full recovery plan, but with $45 million gone, the road ahead may involve tighter security protocols and possible compensation plans for users.
The incident is a harsh wake-up call for both investors and platforms: Cybersecurity is no longer optional it’s survival.
#CoinDCXHack #cryptohacks #CryptoSecurity

Police Scotland reports a dramatic surge in crypto-related crime, with cases increasing by a staggering 2,000% since 2019. The sharp rise is attributed to growing use of cryptocurrencies by organized criminal groups, which are quickly adapting to modern technologies to conceal their activities.
Cryptocurrencies as a Tool for Organized Crime
Digital currencies have become a favored method for money laundering, drug trafficking, and other illegal activities. The anonymity of blockchain transactions allows offenders to evade detection, and many of these transactions occur on the dark web, where crypto enables fast, almost untraceable payments.

Police Response: Tools, Training, and Cooperation
While Police Scotland does not yet have a dedicated crypto unit, it is rapidly developing its capabilities. Officers are using advanced tracking tools and taking part in specialized training and a national working group, which unifies strategies and knowledge across the UK.
In addition to technology, the police rely on international cooperation, working with both UK and foreign enforcement agencies. These efforts are already showing results: in 2024, authorities investigated 58 crypto-related cases, seized assets worth over £7.6 million, and identified more than 150 suspects.
Precedent Case: Confiscated Bitcoin Converted to Cash
A court in Edinburgh approved the confiscation and conversion of 23.5 bitcoins, linked to a violent robbery, into cash worth over £109,000. This legal move marked a milestone in Scottish law enforcement, as it was the first official instance of converting seized cryptocurrency into traditional currency as criminal proceeds.

New Cyber and Fraud Command Unit
Police Scotland plans to establish a specialized Cyber and Fraud Command to enhance coordination, technical expertise, and rapid response to threats. This unit will include trained specialists and new legal tools, enabling better enforcement and asset recovery from crypto-related crimes.

#CryptoCrimes , #CyberSecurity , #CryptoNewsCommunity , #StaySafe , #cryptohacks

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“