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Join the Securities Litigation and Enforcement Group on LinkedInLazarus Group Stolen $3B in Cryptocurrency Likely to Fund North Korean Projects
North Korea-linked hacker organization Lazarus Group has stolen $3 billion in cryptocurrency over the past six years, according to a report by cybersecurity firm Recorded Future. The report released on Thursday reveals that in 2022 alone, the group plundered $1.7 billion in cryptocurrency, likely to fund North Korean projects. Blockchain data analysis firm Chainalysis indicates […]
Hackers Complain to SEC Company They Hacked Failed to Disclose the Incident | The D&O Diary
In a move that may set a record for hacking chutzpah, a cyber ransom gang has filed a complaint with the SEC reporting that a company they hacked had failed to report the incident to the SEC within the time required by the agency’s new cybersecurity disclosure guidelines. The gang apparently filed the complaint after […]
If you created a bitcoin wallet before 2016, your money may be at risk – The Washington Post
After a tech entrepreneur and investor lost his password for retrieving $100,000 in bitcoin and hired experts to break open the wallet where he kept it, they failed to help him. But in the process, they discovered a way to crack enough other software wallets to steal $1 billion or more. On Tuesday, the team […]
Russian Businessman Sentenced to Nine Years in Prison in $93 Million Hack-to-Trade Conspiracy
A Russian businessman was sentenced today in federal court in Boston for his involvement in an elaborate hack-to-trade scheme that netted approximately $93 million through securities trades based on confidential corporate information stolen from U.S. computer networks. Vladislav Klyushin, a/k/a “Vladislav Kliushin,” 42, of Moscow, Russia, was sentenced by U.S. District Court Judge Patti B. […]
FBI Identifies Lazarus Group Cyber Actors as Responsible for Theft of $41 Million from Stake.com — FBI
The FBI is issuing this release to warn the public regarding the theft of approximately $41 million in virtual currency from Stake.com, an online casino and betting platform. The FBI has confirmed that this theft took place on or about September 4, 2023, and attributes it to the Lazarus Group (also known as APT38) which […]
Law Firm Cyberattacks Grow, Putting Operations in Legal Peril
… Proskauer Rose, Kirkland & Ellis, K&L Gates, Loeb & Loeb, and Orrick Herrington & Sutcliffe were just a few of the dozen-plus leading firms reported to have been targeted over the last year. The five class action cases filed this year against Bryan Cave; Cadwalader, Wickersham & Taft; Smith, Gambrell & Russell; and two […]
If Kirkland & Ellis Can’t Avoid Cyberattacks, Who Can? | Law.com
By exploiting a vulnerability in a widely used file transfer application, hackers were able to access the internal information of several large organizations, including three Am Law 50 law firms, highlighting the vulnerability of widespread use of one third-party application. The incident has observers wondering: If some of the largest and most profitable law firms, […]
Russian Nationals Charged With Hacking One Cryptocurrency Exchange and Illicitly Operating Another | DOJ
According to court documents, Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, both Russian nationals, are charged with conspiring to launder approximately 647,000 bitcoins from their hack of Mt. Gox. Bilyuchenko is also charged with conspiring with Alexander Vinnik to operate BTC-e from 2011 to 2017. “This announcement marks an important milestone in two major cryptocurrency […]
Russian businessman found guilty in hacking, insider trading scheme – CBS News
A Russian millionaire with ties to the Kremlin was convicted Tuesday of participating in an elaborate $90 million insider trading scheme using secret earnings information from companies such as Microsoft that was stolen from U.S. computer networks. Vladislav Klyushin, 42, who ran a Moscow-based information technology company associated with the Russian government, was found guilty […]
Wealthy Russian undertook $90 mln hack-and-trade scheme, U.S. says at trial | Reuters
A wealthy Russian businessman with ties to the Kremlin made tens of millions of dollars trading on secret financial information obtained by hackers about multiple companies before it was public, a U.S. prosecutor said Monday at the start of his trial. Vladislav Klyushin, 42, and his associates made nearly $90 million trading stocks based on […]