Category Archives: Coinbase

Day trader indicted for hacking into brokerages and placing unauthorized trades

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A Pennsylvania-based day trader who broke  into victims’ online securities brokerage accounts and placed unauthorized trades was indicted Wednesday on hacking and fraud charges. Between Sept. 2014 and May 2017, Joseph Willner, 42, is accused of being part of a larger conspiracy that stole money from victims’ accounts in order to fund authorized trades. Willner and co-conspirators allegedly hacked into victims’ accounts and bought publicly-traded stock from Willner at artificially high prices. “After using the victims’ accounts to purchase the stock, Willner and his co-conspirators then re-purchased the stock from the victims’ accounts at market or below-market prices,” a Department of Justice release said. “This series of fraudulent trades usually took place within minutes, and Willner immediately profited based on the difference between his artificially high short sale price, and the lower price at which he subsequently re-purchased the stock.” Federal prosecutors say the scheme earned over $700,000 in profit and resulted in […]

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Israeli Online Attack Service ‘vDOS’ Earned $600,000 in Two Years

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vDOS — a so-called “booter” service that has earned in excess of $600,000 over the past two years helping customers coordinate more than 150,000 so-called distributed denial-of-service (DDoS) attacks designed to knock Web sites offline — has been massively hacked, spilling secrets about tens of thousands of paying customers and their targets.

The vDOS database, obtained by KrebsOnSecurity.com at the end of July 2016, points to two young men in Israel as the principle owners and masterminds of the attack service, with support services coming from several young hackers in the United States.

The vDOS database, obtained by KrebsOnSecurity.com, points to two young men in Israel as the principle owners and masterminds of the attack service, with support services coming from several young hackers in the United States.

The vDOS database, obtained by KrebsOnSecurity.com, points to two young men in Israel as the principle owners and masterminds of the attack service, with support services coming from several young hackers in the United States. Continue reading Israeli Online Attack Service ‘vDOS’ Earned $600,000 in Two Years→