Netherlands Busts Bulletproof Hosting Network Linked to Disinformation and Cybercrime

Dutch authorities arrested two suspects after dismantling a bulletproof hosting network linked to cybercrime, disinfo, and Russian sanctions evasion...

Grinex crypto exchange shuts down, blames Western agencies for $13.7M breach

Grinex exchange collapses after $13.7M breach, blames Western spies as Chainalysis flags possible exit scam and sanctions evasion network links claims...

Canada Fines Cybercrime Friendly Cryptomus $176M

Financial regulators in Canada this week levied $176 million in fines against Cryptomus , a digital payments platform that supports dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services. The penalties for violating Canada's anti money-laundering laws come ten months...

U.S. Sanctions Firm Behind N. Korean IT Scheme; Arizona Woman Jailed for Running Laptop Farm

The U.S. Department of the Treasury's Office of Foreign Assets Control OFAC sanctioned a North Korean front company and three associated individuals for their involvement in the fraudulent remote information technology IT worker scheme designed to generate illicit revenues for Pyongyang. The...

NCA Busts Russian Crypto Networks Laundering Funds and Evading Sanctions

The U.K. National Crime Agency NCA on Wednesday announced that it led an international investigation to disrupt Russian money laundering networks that were found to facilitate serious and organized crime across the U.K., the Middle East, Russia, and South America. The effort, codenamed Operation...

‘Stablecoins’ Enabled $40 Billion in Crypto Crime Since 2022

A new report from Chainalysis finds that stablecoins like Tether, tied to the value of the US dollar, were used in the vast majority of crypto-based scam transactions and sanctions evasion in 2023...

U.S. Treasury Sanctions North Korean Kimsuky Hackers and 8 Foreign-Based Agents

The U.S. Department of the Treasury's Office of Foreign Assets Control OFAC on Thursday sanctioned the North Korea-linked adversarial collective known as Kimsuky as well as eight foreign-based agents who are alleged to have facilitated sanctions evasion. The agents, the Treasury said, helped in...

US Courts Are Coming After Crypto Exchanges That Skirt Sanctions

A newly unsealed opinion is likely the first decision from a US federal court to find that cryptocurrencies can't be used to evade sanctions...

Russia May Use Ransomware Payouts to Avoid Sanctions

Russia may ramp up ransomware attacks against the United States as a way to ease the financial hurt it’s under due to sanctions, U.S. federal authorities are warning. Those sanctions have been levied against the nation and Vladimir Putin’s government due to its invasion of Ukraine. The Financial...

U.S. Offers Rewards up to $5 Million for Information on North Korean Hackers

The United States agencies today released a joint advisory warning the world about the 'significant cyber threat' posed by North Korean state-sponsored hackers to the global banking and financial institutions. Besides a summary of recent cyberattacks attributed to North Korean hackers, the...