The U.K. Government is seeking to keep most of the $7 billion in Bitcoin it seized in connection with a Chinese investment fraud, following the conviction of the fraud’s alleged organizer this week.
Zhimin Qian pleaded guilty on counts of possessing and transferring criminal property at Southwark Crown Court on Monday, following last year’s conviction of her assistant Seng Hok Ling (also known as Jian Wen) on similar counts. This conviction now raises the question of who will keep the 61,000 BTC originally seized by UK authorities in 2018, with upwards of 120,000 victims in China seeking compensation for their losses.
Read more…
Source: Decrypt News
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- US healthcare AI platform Xsolis confirms data breach that affects 1.4 million individuals
June 23, 2026
Healthcare technology company Xsolis disclosed a cyberattack in which it lost sensitive data on almost 1.4 million customers. Xsolis is a company that uses AI to help healthcare organizations make faster and more consistent decisions about patient care and utilization management. Earlier this week, it published a data breach notification on its website, saying that it ...
- A VBScript campaign distributed through WhatsApp deploying RMM software
June 22, 2026
In June 2026, Kaspersky observed a malware campaign distributing malicious VBScript files through direct messages in WhatsApp. The campaign affected users across multiple countries and territories, including Malaysia, Brazil, India, Mexico, Singapore, UK, Spain, Taiwan, Australia, Russia and Vietnam, with the highest number of victims observed in Malaysia. At the time of writing this article, ...
- Brazil probes emergency warning system after nationwide rogue alert
June 22, 2026
The Brazilian National Secretariat for Civil Protection and Defense (SEDEC) and Federal Police (PF) are investigating a suspected hack of the country’s emergency alert system after an unauthorized “extreme” alert pinged devices across the country. Defesa Civil Nacional confirmed that its dispatch platform, often used to inform the public about severe weather events, was taken offline in ...
- Gizmodo readers hit with ClickFix malware prompts after account compromise
June 22, 2026
Veteran tech website Gizmodo confirmed a compromise on Saturday after readers reported ClickFix malware prompts appearing on article pages. Users posted screenshots of fake CAPTCHA windows appearing on Gizmodo’s site. The attack aims to fool users into running malicious code via their terminals. According to Proofpoint threat researcher Tommy M, the attack was seemingly launched by an affiliate of ...
- Security experts warn of AI-boosted scam campaigns that can trick even the smartest victims
June 21, 2026
Messaging scams are becoming increasingly sophisticated as criminals use AI to imitate trusted people, familiar brands, and everyday conversations. New research from Kaspersky suggests these schemes are succeeding with alarming speed, often convincing victims to hand over money within minutes. The findings indicate that digital experience alone may no longer provide reliable protection against modern fraud attempts. Read more… Source: TechRadar ...
- Shadowbyt3$ claims Nintendo of America breach, stealing ~1GB of employee data from TinyPulse survey platform and demanding $2M ransom
June 20, 2026
Nintendo of America has confirmed suffering a third-party data breach incident, but played down its severity. An “extortion-as-a-service” hacking group called Shadowbyt3$ recently claimed to have breached Nintendo of America, a subsidiary of the Japanese gaming giant, operating in the United States, Canada, and some Latin America countries, and exfiltrated sensitive data on its employees. Read more… Source: ...