Nov 09, 2024Ravie LakshmananCryptocurrency / Cybercrime The 36-year-old founder of the Bitcoin Fog cryptocurrency mixer has been sentenced to 12 years and six months in prison for facilitating money laundering activities between 2011 and 2021. Roman Sterlingov, a dual Russian-Swedish national, pleaded guilty to charges of money laundering and operating an unlicensed … [Read more...] about Bitcoin Fog Founder Sentenced to 12 Years for Cryptocurrency Money Laundering
Bitcoin
Bitcoin Forensic Analysis Uncovers Money Laundering Clusters and Criminal Proceeds
May 01, 2024NewsroomFinancial Crime / Forensic Analysis A forensic analysis of a graph dataset containing transactions on the Bitcoin blockchain has revealed clusters associated with illicit activity and money laundering, including detecting criminal proceeds sent to a crypto exchange and previously unknown wallets belonging to a Russian darknet market. The findings come from … [Read more...] about Bitcoin Forensic Analysis Uncovers Money Laundering Clusters and Criminal Proceeds
Crypto theft from Exodus and Bitcoin wallets through cracked macOS apps
Using cracked games or apps to spread malware is one of cybercriminals’ oldest tricks. Incredible as it may sound, gullible victims who believe in Robin Hoods and consider downloading cracked software and games from pirating websites to be absolutely safe still exist in 2024. The type of threat itself may be old, but malicious actors keep coming up with new ways of … [Read more...] about Crypto theft from Exodus and Bitcoin wallets through cracked macOS apps
New Orchard Botnet Uses Bitcoin Founder’s Account Info to Generate Malicious Domains
A new botnet named Orchard has been observed using Bitcoin creator Satoshi Nakamoto's account transaction information to generate domain names to conceal its command-and-control (C2) infrastructure. "Because of the uncertainty of Bitcoin transactions, this technique is more unpredictable than using the common time-generated [domain generation algorithms], and thus more … [Read more...] about New Orchard Botnet Uses Bitcoin Founder’s Account Info to Generate Malicious Domains
Bitcoin scam giveaway on a fake Nvidia website
Online fraudsters are continuing to use the names of famous people and companies to scam cryptocurrency users. This time the scammers are exploiting the brand name Nvidia, the US developer of GPUs that are particularly popular among crypto enthusiasts. Many devices for cryptocurrency mining were created on the basis of their GPUs. Next year Nvidia turns 30, and it’s common … [Read more...] about Bitcoin scam giveaway on a fake Nvidia website
Apple Removes Last Remaining Bitcoin Wallet App From the App Store
Apple has removed Blockchain, the last remaining Bitcoin wallet app, from its App Store. The app allowed users to send and receive bitcoin payments and featured Email/SMS Notifications, QR Code Support, URI support, and more. … [Read more...] about Apple Removes Last Remaining Bitcoin Wallet App From the App Store