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Fraudsters steal $6 million from Tectonic crypto platform after inflating token price

Attackers inflated Tectonic's Tonic token price 100x in 20 minutes and borrowed $74 million against it, stealing $6 million before Cronos halted activity.

Attackers manipulated the price of Tectonic's thinly traded Tonic token, raising it more than 100-fold in 20 minutes, then used the inflated tokens as collateral to borrow assets in an attempted $74 million theft. About $6 million left the platform; Cronos halted blockchain activity and later restored roughly $69 million in frozen funds via an on-chain rollback. Tectonic plans a phased reopening and a postmortem. TRM Labs says market manipulation now accounts for one in eight crypto hacks, with 32 incidents in 2026, and compares the case to the 2022 Mango Markets manipulation that led to a criminal conviction.

The Record · 16d agoPhishing & fraud

How Threat Actors Are Turning Trusted AI Platforms Into an Attack Surface

Huntress details campaigns abusing Claude Artifacts, claude.ai/share links, and ChatGPT/Grok conversations to deliver SectopRAT, MacSync, and AMOS stealers.

Huntress SOC documented nine months of campaigns in which attackers weaponized trusted AI platform features—Claude Artifacts, public claude.ai/share links, and indexable ChatGPT/Grok conversations—to deliver malware. The July FakeAgent campaign hit more than 29 organizations via a malicious Claude Artifact posing as a Claude Desktop download page that redirected to SectopRAT. A claude.ai/share link disguised as an Apple Support guide tricked a victim into running a curl command that deployed the MacSync stealer, harvesting cookies, credentials, keychain secrets, Telegram sessions, and SSH/cloud keys, while SEO-poisoned ChatGPT and Grok conversations delivered the AMOS stealer via ClickFix-style instructions.

BleepingComputer · 5d agoPhishing & fraud in the wild

The Fraud Ecosystem: A Transition From Known Marketplaces to a Fragmented Environment

Rapid7 analyzes how fraud marketplaces are fragmenting into specialized shops after larger marketplaces were dismantled, aided by new MITRE F3 framework

Rapid7 reports a shift from large known fraud marketplaces to a fragmented environment of smaller specialized storefronts such as Xleet, Blackpass, Infodig, and Styx, operating across dark web channels, Telegram, and P2P options. These Fraud-as-a-Service shops sell stolen accounts, PII, synthetic identity generation, infrastructure, and money laundering support, supporting schemes like business email compromise. MITRE's Fraud Fighting Framework (F3), introduced in early 2026, aims to help security teams prioritize monitoring of fraud TTPs, particularly account takeover techniques. Fraud damages are anticipated to approach hundreds of billions of USD.

Rapid7 Blog · 5d agoPhishing & fraud

Risky Bulletin: Ukraine's top prosecutor resigns amid scam call center scandal

Ukraine's top prosecutor Ruslan Kravchenko resigned after NABU arrested a deputy for taking bribes protecting scam call centers running fake investment platforms.

Ukraine's anti-corruption bureau NABU arrested Serhiy Kropyva, Deputy Head of International Cooperation at the Prosecutor General's Office, alleging officials took monthly protection fees from a network of 100-500 scam call centers luring victims into fake investment platforms, with bribes reportedly growing from $700,000 to $3.5 million per month. Prosecutor General Ruslan Kravchenko resigned on Monday, calling it a political decision, while Kropyva was fired with bail set at 120 million hryvnias ($2.7 million) and over 100 call centers shut down in the past month. The newsletter also briefly covers a cyberattack crippling more than 80 Luxembourg medical practices via payment vendor BMS Engineering, ShinyHunters' claimed theft of 200,000 Florida DMV driver records, a cyberattack on the American Meteor Society, and school closures in Springfield, Massachusetts.

Risky Business News · 8d agoPhishing & fraud