THE HACKER NEWS 98

  Cybersecurity researchers have exposed what they say is an "industrial-scale, global cryptocurrency phishing operation" engineered to steal digital assets from cryptocurrency wallets for several years. The campaign has been codenamed FreeDrain by threat intelligence firms SentinelOne and Validin. "FreeDrain uses SEO manipulation, free-tier web services (like gitbook.io, webflow.io, and github.io), and layered redirection techniques to target cryptocurrency wallets," security researchers Kenneth Kinion, Sreekar Madabushi, and Tom Hegel said in a technical report shared with The Hacker News. "Victims search for wallet-related queries, click on high-ranking malicious results, land on lure pages, and are redirected to phishing pages that steal their seed phrases." The scale of the campaign is reflected in the fact that over 38,000 distinct FreeDrain sub-domains hosting lure pages have been identified. These pages are hosted on cloud infrastructure like Amaz...

  Apple CEO Tim Cook confirms majority of iPhones sold in the US will come from India Apple is increasingly leaning on India to soften the blow of rising tariffs under the Trump administration’s reciprocal trade policy. Speaking to CNBC after the company’s During the company’s Q2 FY25 quarterly results, CEO Tim Cook confirmed that India will be the country of origin for a majority of iPhones sold in the US, as Apple reroutes its supply chain away from China. “We do expect the majority of iPhones sold in the US will have India as their country of origin,” said Cook. Vietnam, meanwhile, will handle most production for iPads, Macs, Apple Watches, and AirPods heading to the U.S. — countries currently facing a 10% tariff, compared to a steep 145% tariff on Chinese imports. For now, Apple has stockpiled inventory and baked the risk into its financials. The company has budgeted around $900 million in extra costs for the current quarter, citing tariffs as a key reason. This figure su...