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Cryptocurrency Exchange Hack and PAM Security Strategies Introduction In recent news, the cryptocurrency exchange Bitfinex was targeted in a hack that resulted in the loss of millions of dollars worth of digital assets. This incident, coupled with the guilty plea of a New York City couple involved in a shady cryptocurrency scheme, highlights the need…
Cybercrime: NYC Couple Pleads Guilty to Money Laundering in Bitfinex Hack The Case In a significant development, a New York City couple arrested in February 2022 for allegedly laundering approximately $3.6 billion in stolen cryptocurrency has pleaded guilty to money laundering, with one of them admitting to hacking the Bitfinex cryptocurrency exchange in 2016. The…