Cryptocurrency and crime

The internet is filled with scam artists who try to swindle unsuspecting people out of their money. But impersonation scams that use Elon Musk and his bevy of tech companies—including Tesla, SpaceX, Neuralink, and X—have exploded in popularity in recent years. And Gizmodo obtained reports about many of these scams filed with the federal government over the past year.Mr. Tweet Fumbles Super Bowl TweetGizmodo submitted Freedom of Information Act requests to the Federal Trade Commission (FTC) asking for complaints about…

Photo: Lukas Gojda / Shutterstock.com (Shutterstock)Bitcoin wallets older than 2016 could have a vulnerability that puts over $1 billion worth of cryptocurrency at risk, according to a report in the Washington Post. Why Should Crypto Currencies be Called Securities? | Gizmodo InterviewAccording to Unciphered, a cryptocurrency recovery company, an untold number of crypto wallets were designed with baked-in flaws that leave a backdoor in the code that hackers could easily break open. Encrypted software systems like crypto…

Multiple YouTube channels under the Linus Media Group (LMG) brand have been taken offline after being hijacked by crypto scammers. The main Linus Tech Tip YouTube channel, which has amassed over 15 million subscribers, is offline, as are the TechQuickie and TechLinked channels. It appears all three were impacted by the same hackers. The channels stayed live briefly early Thursday morning, promoting bogus livestreams that included pre-recorded footage of tech personalities like Elon Musk and Jack Dorsey talking about…

Photo: Kim Won-Jin (Getty Images)North Korean hackers have become the primary suspect in last week’s $100 million Horizon Bridge cryptocurrency heist.A new report released this week by blockchain forensics company Elliptic fingers The Lazarus Group, a hacking unit with ties to the Democratic People’s Republic of Korea, as the likely culprit behind the massive theft. The hack would be just one victory among many for the group: The FBI attributed the gargantuan $625 million robbery of Axie Infinity to Lazarus as well.…