BITCOIN

Of the $566 billion in cryptocurrency transaction volume for the Middle East and North Africa (MENA) region between July 2021 and June 2022, nearly 40% went to Turkey, which kept its place as the region’s biggest cryptocurrency market, according to the latest Chainalysis data. In Afghanistan, the Taliban’s takeover has seen the value of cryptocurrencies sent to the country drop from a peak of $68 million to less than $80,000 per month. Turkey Cements Position as MENA’s Biggest Crypto Market According to the latest Chainalysis data, the volume of cryptocurrency transactions by users from the Middle East and North Africa (MENA) grew by 48% to $566 billion between July 2021 and June 2022. The data shows this growth rate is the fastest of any of the eight regions surveyed. As explained in Chainalysis’ latest blog , inflation-stricken Turkey remained the MENA region’s biggest cryptocurrency market after its citizens “received $192 billion from July 2021 to June 2022” or nearly 40% of ...

Cryptocurrency scam sites are being targeted by other scammers to hijack their traffic and their possible earnings. A recently detected threat actor, named Water Labbu, is manipulating the users that are drawn to these sites as a source of revenue, injecting a malicious script as a tool for interacting with the wallet that, depending on its funds, will be attacked. Crypto Scammers Are Attacking Crypto Scammers The rise of the cryptocurrency ecosystem has brought interest in targeting investors through scam sites using different resources that include Youtube streams to do so, as a recent report showed. Now, scammers are taking advantage of other scammers through sophisticated script tools. A new kind of threat actor, called Water Labbu, is targeting third-party crypto scam sites to use their attracted users also as targets for its attack. The attack inserts a script in the cryptocurrency scam web page, which is commonly a kind of lending-liquidity providing page, that sends an app...