CRYPTOCURRENCY THEFT OF $1.1BILLION
By Rafiaa Khan

Proof continues to pile up for the fact that criminals seeking cryptocurrency are no longer dependent completely on demanding ransomware or elevating bitcoins or any other extraction campaign payoffs.

Experts say the shift is a conclusion of bitcoin’s enormous fluctuations in price over the last years. The bitcoin’s value reached an all-time high of $19,891 and then dropped to about $6,850. This decline might have been caused due to the hack of the Korean exchange Coinrail.

Attackers continue to influence phishing attacks, fraud advertising, and malware to steal cryptocurrency. But their main target continues to be cryptocurrency exchanges. A prosperous boost might end up resulting in the robbery of cryptocurrency tokens.

Carbon black reportedly said, “There are currently an estimated 12,000 dark web marketplaces selling approximately 34,000 offerings related to crypto theft. We also identified a sweet spot in malware pricing for cryptocurrency-related attacks at around $10. Cryptocurrency-stealer malware is the preferred method among crypto-targeting cybercriminals.”

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