US government targets North Korea’s illicit IT workforce with new sanctions
The U.S. government announced new sanctions against North Korea related to its army of illicit IT workers that have fraudulently gained employment to finance the regime’s weapons of mass destruc
US Treasury sanctions Tornado Cash, accused of laundering stolen crypto
The U.S. has sanctioned decentralized cryptocurrency mixing service Tornado Cash for its role in enabling billions of dollars’ worth of cryptocurrency to be laundered through its platform. Torna
TechCrunch+ roundup: SaaS burn multiples, 8 fintech VCs spill the tea, all my apes gone
If Andy Warhol were alive today, would he be minting NFTs of Campbell's Soup cans?
Luna Foundation Guard adviser says Do Kwon hasn’t reached out since UST crash
“The truth is, I found my information [about this situation] on Twitter like everyone else,” Luna Foundation Guard adviser Jonathan Caras said.
SEC chair Gary Gensler takes aim at crypto exchanges for trading against their customers
U.S. regulators, already skeptical of crypto, are doubling down on their stance as the digital asset markets plunge this week. U.S. Securities and Exchange Commission chair Gary Gensler made his conce
Terra’s UST crash will make life harder for crypto as regulation looms
TerraUSD (UST) fell from grace after it depegged from its $1 value on Monday and since dropped as much as 70% to $0.2998, when it was never supposed to deviate from the dollar-equivalent value.
UST founder Do Kwon shares plan to save its stablecoin from mass destruction
The past few days have been extremely volatile across the crypto economy, after one of the largest stablecoins, TerraUSD (UST), depegged from its $1 value and fell to 29 cents this morning.
US Treasury Secretary Janet Yellen pushes for stablecoin regulation by end of year
Stablecoins have been a hot topic both on and off Capitol Hill. Earlier today, U.S. Treasury Secretary Janet Yellen pushed for regulation during an annual testimony in front of the Senate Banking Comm
North Korean hackers are targeting blockchain companies with malicious crypto-stealing apps
The U.S. government has warned that North Korean state-backed hackers known as the Lazarus Group are targeting organizations in the blockchain industry using trojanized cryptocurrency applications. In
6 things in cybersecurity we didn’t know last year
The past 12 months in cybersecurity have been a rough ride. In cybersecurity, everything is broken — it’s just a matter of finding it — and this year felt like everything broke at once, espe
Olympus US hack tied to sanctioned Russian ransomware group
An “ongoing” cyberattack against the Japanese technology giant Olympus was caused by a Russian ransomware group sanctioned by the U.S. government, according to two people with knowledge of
New Treasury sanctions take aim at blocking ransomware groups from cashing out
The U.S. Treasury is wading into the fight against ransomware by sanctioning virtual cryptocurrency exchange Suex for its role in facilitating ransomware payments. The sanctions are the first of its k
Blockchain and taking the politics out of tech
Brian Brooks grew up on credit. And for him, that’s a good thing. Brooks is from a small town in Colorado that took a big hit when the steel factory — the main driver of its economy — sh
Decrypted: How a teenager hacked Twitter, Garmin’s ransomware aftermath
A 17-year-old Florida teenager is accused of perpetrating one of the year’s biggest and most high-profile hacks: Twitter. A federal 30-count indictment filed in Tampa said Graham Ivan Clark used
Garmin confirms ransomware attack took down services
Sport and fitness tech giant Garmin has confirmed its five-day outage was caused by a ransomware attack. In a brief statement on Monday, the company said it was hit by a cyberattack on July 23 that &#