Hackers Suspected of €24M Worth Crypto Stolen Busted

Six men in UK and Netherlands used fake websites with "typos" to still users' assets
26 June 2019   354

Law enforcement authorities in the UK and the Netherlands arrested six people suspected of a series of theft of bitcoins totaling more than 24 million euros. Europol and Eurojust also participated in the operation.

The arrests were carried out simultaneously on Tuesday morning, June 25, in several cities in the UK, as well as in Amsterdam and Rotterdam, and were the result of an investigation that lasted 14 months. Among the detainees was one woman.

In their activities, the attackers used "tiepsquatting", they registered domain names similar to the addresses of cryptocurrency exchanges and companies.

The user who made a typo when entering the address, got on the fake site, visually indistinguishable from the original. If he tried to enter his personal account, the criminals gained access to his data.

According to law enforcement, the victims of the scheme were at least 4,000 users from 12 different countries, while their number, as suggested by Europol, may be even higher.

The exact amount of stolen bitcoins is not specified.

Earlier it became known that Europol is developing a computer game that will allow employees to train to track cryptocurrency transactions in criminal offenses.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   933

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.
 

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.