HuiOne Guarantee: The $11 Billion Cybercrime Hub of Southeast Asia

Cryptocurrency analysts have shed light on an online marketplace called HuiOne Guarantee that's widely used by cybercriminals in Southeast Asia, particularly those linked to pig butchering scams. "Merchants on the platform offer technology, data, and money laundering services, and have engaged in...

U.S. Treasury Sanctions Sinbad Cryptocurrency Mixer Used by North Korean Hackers

The U.S. Treasury Department on Wednesday imposed sanctions against Sinbad, a virtual currency mixer that has been put to use by the North Korea-linked Lazarus Group to launder ill-gotten proceeds. "Sinbad has processed millions of dollars' worth of virtual currency from Lazarus Group heists,...

NYC Couple Pleads Guilty to Money Laundering in $3.6 Billion Bitfinex Hack

A married couple from New York City has pleaded guilty to money laundering charges in connection with the 2016 hack of cryptocurrency stock exchange Bitfinex, resulting in the theft of about 120,000 bitcoin. The development comes more than a year after Ilya Lichtenstein, 35, and his wife, Heather...

New Anti Anti-Money Laundering Services for Crooks

A new dark web service is marketing to cybercriminals who are curious to see how their various cryptocurrency holdings and transactions may be linked to known criminal activity. Dubbed "Antinalysis," the service purports to offer a glimpse into how ones payment activity might be flagged by law...

U.S. Recovers $2.3 Million Ransom Paid to Colonial Pipeline Hackers

In a major blow, the U.S. Department of Justice on Monday said it has recovered 63.7 bitcoins currently valued at $2.3 million paid by Colonial Pipeline to the DarkSide ransomware extortionists on May 8, pursuant to a seizure warrant that was authorized by the Northern District of California. The...