Cybercrime

World Liberty Financial, the Trump family-linked crypto venture, announced a deal in November to enable its USD1 stablecoin on a crypto network whose flagship resort project was controlled by two men the U.S. government had sanctioned weeks earlier as alleged operatives of an Asian scam ring.

U.S. officials on Wednesday struck at Southeast Asian scam compounds defrauding Americans and a global fentanyl supply chain, announcing criminal charges, sanctions, and the seizure of hundreds of fraudulent websites in a pair of coordinated enforcement actions.

Cybercrime syndicates operating in Cambodia have grown so large and politically connected that the industry now rivals the country’s formal economy, with online scam networks accused of corrupting officials, enslaving workers, and defrauding victims around the world.

The International Monetary Fund has urged banks to share more threat and transaction data with one another, arguing in a recent working paper that the sector’s response to fast-rising digital fraud is weakened by information silos within institutions and across borders.

Anthropic withheld its new artificial intelligence model, Mythos, from a broad public release after internal testing showed it could autonomously find and exploit serious software flaws, alarming company researchers and prompting banks and government agencies to move quickly to assess the threat.

Telegram is still hosting Xinbi Guarantee, a Chinese-language black market that British officials have levied sanctions on and accused of facilitating crypto scams and human trafficking.

The U.S. Treasury Department is shutting down a program that shared cybersecurity threat intelligence with banks and other financial firms after cutting its funding.

A fake version of Ledger Live distributed through Apple’s App Store drained at least $9.5 million in cryptocurrency from more than 50 victims across multiple blockchains in a phishing campaign that ran from April 7 to April 13.

UK financial regulators are urgently assessing the risks posed by Anthropic’s latest AI model after concerns that its ability to uncover software vulnerabilities could expose major financial institutions to new cybersecurity threats.

U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street executives this week to warn that a new artificial intelligence model from Anthropic could mark the start of a more dangerous phase in cybersecurity.