Search: “tether”

US disrupts Xinbi Guarantee marketplace fueling the cyber scam economy

US Treasury sanctions and DOJ seizures take down Xinbi Guarantee, a Telegram marketplace that processed $24B+ for cyber scams, freezing $52.8M.

The Treasury Department sanctioned the Chinese-language Telegram marketplace Xinbi Guarantee and two supporting firms, Anwen Technology (XinbiPay) and SafeW Technology, while the DOJ seized its Telegram channels and $52.8 million in USDT from 52 wallets. Blockchain intelligence firm Elliptic, which assisted the Secret Service, estimates Xinbi has processed at least $24 billion in transactions since 2022, making it the second-largest illicit online marketplace and a cornerstone of Southeast Asian cybercrime. Vendors sold money laundering, stolen personal data, deepfake technology, and other services for pig-butchering scams, with payments in Tether's USDT. The DOJ's Scam Center Task Force also dismantled 13 scam centers in Madagascar, arresting dozens of alleged leaders who were repatriated to China.

The Record·Sep 9, 19:54 UTC · 7d agoPolicy & legal

U.S. Disrupts Xinbi Guarantee Scam Marketplace, Freezes $52.8 Million in Crypto

US DOJ and Treasury disrupt Xinbi Guarantee Telegram scam marketplace, sanctioning it and freezing $52.8M in USDT across 52 wallets.

The DOJ seized Xinbi Guarantee's Telegram channels and cryptocurrency wallets while OFAC sanctioned the marketplace, freezing $52.8 million in USDT from 52 wallets and bringing the Scam Center Strike Force's total restrained funds to roughly $938 million. Elliptic, which worked with the Secret Service, estimates Xinbi has processed $30 billion in transactions since around 2022, serving pig-butchering scam operators and links to North Korean hackers, Jin Bei Group, and Prince Group TCO. The strike force dismantled 13 scam compounds in Madagascar, seizing over 3,200 devices and interviewing roughly 400 arrestees, with about 30 Chinese compound leaders repatriated to China. After Tether froze funds, Xinbi began converting remaining USDT into the USDD stablecoin.

The Hacker News·Sep 9, 18:26 UTC · 7d agoPolicy & legal

Top 10 Best Device Control & USB Security Tools in 2026

A 2026 scorecard ranks ten USB and device control tools, placing Safetica, Ivanti DeviceLock and DriveLock at the top.

The article compares ten device control and USB security tools using a weighted scorecard covering control granularity, platform coverage, DLP integration, operability and value. Safetica, Ivanti DeviceLock and DriveLock rank highest, with notes on cross-platform depth, Windows granularity and European compliance fit. The piece highlights ownership changes, including CoSoSys joining Netwrix and Digital Guardian joining Fortra, and stresses device control as part of Zero Trust and DLP strategies.

Cyber Security News·Sep 10, 08:05 UTC · 6d agoIndustry

NERVE Attacks: Breaking AI-Powered Brain-Computer Interfaces

Researchers characterize NERVE, five attack dimensions against AI-powered brain-computer interfaces, and release the EEGle framework uncovering 17 attack instances.

NERVE is a systematic attack class spanning the BCI stack across five orthogonal dimensions: Neuro-mimetic Forgery, Evasion via Desynchronization, Replay-based Hijacking, Vein Tapping, and Embedded Backdoors. The accompanying EEGle framework enables AI-assisted, extensible BCI security analysis and helped uncover 17 novel neuro-specific attack instances, revealing a stealth-effectiveness spectrum unique to BCI backdoor design. The authors show generative AI lowers the barrier to entry for non-expert attackers and release EEGle to the community.

arXiv cs.CR·Sep 8, 16:20 UTC · 8d agoResearch

$1 billion of FTX customer funds have vanished, Reuters reported

Security Affairs·Nov 12, 17:38 UTC · Nov 12, 2022AI tools & infra

The price of an accelerated digital transformation

Help Net Security·Apr 18, 00:00 UTC · Apr 18, 2022AI tools & infra