Former Microsoft Engineer Gets Prison for Role in Reveton Ransomware

A former Microsoft network engineer who was charged in April this year has now been sentenced to 18 months in prison after pleading guilty to money laundering in connection with the Reveton ransomware. Reveton malware is old ransomware, also known as scareware or police ransomware that instead of...

Florida Man Arrested in SIM Swap Conspiracy

Police in Florida have arrested a 25-year-old man accused of being part of a multi-state cyber fraud ring that hijacked mobile phone numbers in online attacks that siphoned hundreds of thousands of dollars worth of bitcoin and other cryptocurrencies from victims. On July 18, 2018, Pasco County...

Using In-Game Purchases to Launder Money

Evidence that stolen credit cards are being used to purchase items in games like Clash of Clans, which are then resold for cash...

Peer-to-Peer Crypto-Exchanges: A Haven for Money Laundering

The need to launder money is omnipresent in the criminal world, and lately, a new way of doing it has come to the fore: peer-to-peer cryptocurrency exchanges. These exchanges offer one-to-one relationships and transactions; buyers and sellers of virtual currency sign-up with their location...

BTC-e Operator, Accused of Laundering $4 Billion, to be Extradited to France

...

BTC-e Operator, Accused of Laundering $4 Billion, to be Extradited to France

...

Alleged Mastermind Behind Carbanak Crime Gang Arrested

The suspected mastermind behind the Carbanak criminal gang, which is notorious for stealing as much as $1 billion from more than 100 financial institutions in a string of attacks, has been apprehended, according to the Spanish National Police. According to the European Union Agency for Law...

A week in security (March 12 – March 18)

Last week on Malwarebytes Labs, we took a look at the inner workings of a fileless attack, explored what happened in a zero day ransomware attack aimed at South Koreans, gave you hints and tips for avoiding cold calls, and took a deep dive into the secretive world of GrayKey. Other news The Equif...

Money Laundering Via Author Impersonation on Amazon?

Patrick Reames had no idea why Amazon.com sent him a 1099 form saying he'd made almost $24,000 selling books via Createspace, the company's on-demand publishing arm. That is, until he searched the site for his name and discovered someone has been using it to peddle a $555 book that's full of...

U.K. Man Avoids Jail Time in vDOS Case

A U.K. man who pleaded guilty to launching more than 2,000 cyberattacks against some of the world's largest companies has avoided jail time for his role in the attacks. The judge in the case reportedly was moved by pleas for leniency that cited the man's youth at the time of the attacks and a...

There’s a hole in my bucket: Bitcoin scams aim to exploit volatile market

Bitcoin! Black gold! Texas tea! Only one of these is currently worth ridiculous amounts of money and technically numbers two and three are the same thing. Whether you're in possession of lots of Bitcoins, or in full bandwagon panic "must buy 20 graphics cards before the bubble bursts" mode, you...

Taiwan Bank Heist and the Role of Pseudo Ransomware

ARCHIVED STORY Taiwan Bank Heist and the Role of Pseudo Ransomware By Trellix · October 12, 2017 Widespread reports claim the Far Eastern International Bank in Taiwan has become a victim of hacking. The attacks demonstrate the global nature of cybercrime, with the cybercriminals attempting to wir...

Taiwan Bank Heist and the Role of Pseudo Ransomware

ARCHIVED STORY Taiwan Bank Heist and the Role of Pseudo Ransomware By Trellix · October 12, 2017 Widespread reports claim the Far Eastern International Bank in Taiwan has become a victim of hacking. The attacks demonstrate the global nature of cybercrime, with the cybercriminals attempting to wir...

Greek Court Approves US Extradition of BTC-e Operator In $4 Billion Money Laundering Case

A Greek court has approved the U.S. extradition of a 38-year-old Russian national accused of laundering more than $4 billion in bitcoin for culprits involved in hacking attacks, tax fraud and drug trafficking with the help of the now-defunct BTC-e exchange. Alexander Vinnik, an alleged operator o...

Why Is North Korea So Interested in Bitcoin?

In 2016 we began observing actors we believe to be North Korean utilizing their intrusion capabilities to conduct cyber crime, targeting banks and the global financial system. This marked a departure from previously observed activity of North Korean actors employing cyber espionage for traditiona...

Corrupt Federal Agent, Who Stole Bitcoins From Silk Road, Pleads Guilty To Money Laundering

A former the United States Secret Service agent who stole hundreds of thousands of dollars worth of Bitcoins during an investigation into then-largest underground marketplace Silk Road has now pleaded guilty to money laundering. Shaun W. Bridges is one of two former US undercover agents who plead...

Hackers Behind WannaCry Ransomware Withdraw $143,000 From Bitcoin Wallets

The cyber criminals behind the global WannaCry ransomware attack that caused chaos worldwide have finally cashed out their ransom payments. Nearly three months ago, the WannaCry ransomware shut down hospitals, telecom providers, and many businesses worldwide, infecting hundreds of thousands of...

How Hackers Cash Out Thousands of Bitcoins Received in Ransomware Attacks

Digital currencies have emerged as a favourite tool for hackers and cyber criminals, as digital currency transactions are nearly anonymous, allowing cyber criminals to use it in underground markets for illegal trading, and to receive thousands of dollars in ransomware attacks—WannaCry, Petya,...

BTC-e exchange’ owner arrested over money laundering accusation

By Waqas A 38-year-old Russian citizen Alexander Vinnik who also happened to This is a post from HackRead.com Read the original post: BTC-e exchange owner arrested over money laundering accusation...

Bitcoin Exchange Operator Arrested For $4 Billion Money Laundering Scheme

Greek police have arrested a Russian man who is believed to have been the operator of the popular BTC-e Bitcoin exchange on charges of laundering more than $4 billion in bitcoin for culprits involved in hacking attacks, tax fraud and drug trafficking. A United States jury indicted 38-year-old...