Most Criminal Cryptocurrency Funnels Through Just 5 Exchanges

The crypto money-laundering market is tighter than at any time in the past decade, and the few big players are moving a “shocking” amount of currency...

FBI Says North Korean Hackers Behind $100 Million Horizon Bridge Crypto Theft

The U.S. Federal Bureau of Investigation FBI on Monday confirmed that North Korean threat actors were responsible for the theft of $100 million in cryptocurrency assets from Harmony Horizon Bridge in June 2022. The law enforcement agency attributed the hack to the Lazarus Group and APT38 aka...

[updated]Ransomware money laundering operation disrupted, founder arrested

The US Department of Justice DOJ has released information about the arrest of Anatoly Legkodymov, the founder and majority owner of a cryptocurrency exchange called Bitzlato, on money laundering charges. Legkodymov, a Russian national who lives in China, is accused of processing over $700 million...

Bitzlato Crypto Exchange Founder Arrested for Aiding Cybercriminals

The U.S. Department of Justice DoJ on Wednesday announced the arrest of Anatoly Legkodymov aka Gandalf and Tolik, the cofounder of Hong Kong-registered cryptocurrency exchange Bitzlato, for allegedly processing $700 million in illicit funds. The 40-year-old Russian national, who was arrested in...

Ex-Twitter employee Gets 3.5 Years Jail for Spying on Behalf of Saudi Arabia

A former Twitter employee who was found guilty of spying on behalf of Saudi Arabia by sharing data pertaining to specific individuals has been sentenced to three-and-a-half years in prison. Ahmad Abouammo, 45, was convicted earlier this August on various criminal counts, including money launderin...

Interpol Seized $130 Million from Cybercriminals in Global "HAECHI-III" Crackdown Operation

Interpol on Thursday announced the seizure of $130 million worth of virtual assets in connection with a global crackdown on cyber-enabled financial crimes and money laundering. The international police operation, dubbed HAECHI-III, transpired between June 28 and November 23, 2022, resulting in th...

Raccoon Stealer admin will be extradited to the US, charged for computer crimes

The US Department of Justice has indicted a Ukrainian national for his involvement in Raccoon Stealer, a noteworthy password-stealing Trojan leased in the underground for criminals to use as part of a malware-as-a-service MaaS business model. According to court documents, Mark Sokolovsky, 26, is...

British Hacker Charged for Operating "The Real Deal" Dark Web Marketplace

A 34-year-old U.K. national has been arraigned in the U.S. for operating a dark web marketplace called The Real Deal that specialized in the sales of hacking tools and stolen login credentials. Daniel Kaye, who went by a litany of pseudonyms Popopret, Bestbuy, UserL0ser, and Spdrman, has been...

U.S. Charges Ukrainian Hacker Over Role in Raccoon Stealer Malware Service

A 26-year-old Ukrainian national has been charged in the U.S. for his alleged role in the Raccoon Stealer malware-as-a-service MaaS operation. Mark Sokolovsky, who was arrested by Dutch law enforcement after leaving Ukraine on March 4, 2022, in what's said to be a Porsche Cayenne, is currently...

Regulating DAOs

In August, the US Treasurys Office of Foreign Assets Control OFAC sanctioned the cryptocurrency platform Tornado Cash, a virtual currency "mixer" designed to make it harder to trace cryptocurrency transactions--and a worldwide favorite money-laundering platform. Americans are now forbidden from...

Romance scammer given 25 years of alone time

Romance scams are often low risk, high reward strategies for ciminals, who use them to steal large sums of money from vulnerable people in the cruellest ways possible. Once the victim wires the cash, theres a good chance that its never coming back. The perpetrator has almost certainly covered the...

BEC Scammer Gets 25-Year Jail Sentence for Stealing Over $9.5 Million

A 46-year-old man in the U.S. has been sentenced to 25 years in prison after being found guilty of laundering over $9.5 million accrued by carrying out cyber-enabled financial fraud. Elvis Eghosa Ogiekpolor of Norcross, Georgia, operated a money laundering network that opened at least 50 business...

Vulnerable children's identities used in tax fraud scheme

Fraudster Ariel "Melo" Jimenez has been sentenced to 12 years in prison for leading a "tax fraud and identity theft conspiracy" that resulted in the fraudulent claiming of tax credits, earning him millions of dollars. "Ariel Jimenez was the leader of a long-running fraudulent tax business that...

FBI Seizes Stolen Cryptocurrencies

The Wall Street Journal is reporting that the FBI has recovered over $30 million in cryptocurrency stolen by North Korean hackers earlier this year. Its only a fraction of the $540 million stolen, but its something. The Axie Infinity recovery represents a shift in law enforcements ability to trac...

U.S. Seizes Cryptocurrency Worth $30 Million Stolen by North Korean Hackers

More than $30 million worth of cryptocurrency plundered by the North Korea-linked Lazarus Group from online video game Axie Infinity has been recovered, marking the first time digital assets stolen by the threat actor have been seized. "The seizures represent approximately 10% of the total funds...

Tornado Cash Developer Arrested After U.S. Sanctions the Cryptocurrency Mixer

Dutch authorities on Friday announced the arrest of a software developer in Amsterdam who is alleged to be working for Tornado Cash, days after the U.S. sanctioned the decentralized crypto mixing service. The 29-year-old individual is "suspected of involvement in concealing criminal financial flo...

Virtual Currency Platform ‘Tornado Cash’ Accused of Aiding APTs

The U.S. government has slapped sanctions on virtual currency mixer Tornado Cash for laundering more than $7 billion in crypto cash derived from cybercriminal activity. At least $455 million of that was moved for state-sponsored Lazarus Group in part to help fund North Korea’s missile program,...

Bitcoin Fog Case Could Put Cryptocurrency Tracing on Trial

Roman Sterlingov, accused of laundering $336 million, is proclaiming his innocence—and challenging a key investigative tool...

FBI Seizes $500,000 Ransomware Payments and Crypto from North Korean Hackers

The U.S. Department of Justice DoJ has announced the seizure of $500,000 worth of Bitcoin from North Korean hackers who extorted digital payments from several organizations by using a new ransomware strain known as Maui. "The seized funds include ransoms paid by healthcare providers in Kansas and...

Another ransomware payment recovered by the Justice Department

The Justice Department today announced a complaint filed in the District of Kansas to forfeit cryptocurrency paid as ransom to North Korean hackers or otherwise used to launder such ransom payments. The seized funds amounting to half a million US dollars, include ransoms paid by health care...