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Reginald Middleton Is Latest SIM-Swap Victim; Loses Millions in Crypto

For people out there that don’t believe in karma, perhaps the following story will change their minds. Reginald Middleton – a man who was charged with crypto fraud by the Securities and Exchange Commission (SEC) in 2019 and forced to pay a $1 million fine – had his phone hacked and much of his crypto stash stolen by cyberthieves. Reginald Middleton Is the Latest SIM-Swapping Victim Middleton was accused of stealing millions of dollars from investors after they pledged money to his company dubbed Veritaseum. Middleton’s company hosted an initial coin offering (ICO) to garner the funds necessary to keep…

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North Korea Reportedly Using Altcoins to Convert $1.5B in Stolen Funds to Cash

North Korean hackers are reportedly using untraceable altcoins to convert stolen cryptocurrencies into cash. North Korea-based cybercriminals are suspected to be using untraceable alternative cryptocurrencies, or altcoins, to convert stolen funds into cash.According to an NK News report, an unpublished United Nations Panel of Experts report states that North Korea-backed hackers have stolen approximately $1.5 billion in cryptocurrencies and they were converting a portion of that amount into cash.Using altcoins, mixers and loosely regulated exchangesThe hackers deliberately transact using privacy-focused altcoins as they are hard to trace and track, moving the stolen assets to loosely regulated cryptocurrency exchanges that have…

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