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
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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
How Cybercriminals are Exploiting India’s UPI for Money Laundering Operations
Cybercriminals are using a network of hired money mules in India using an Android-based application to orchestrate a massive money laundering scheme. The malicious application, called XHelper, is a "key tool for onboarding and managing these money mules," CloudSEK researchers Sparsh Kulshrestha, Abhishek Mathew, and Santripti Bhujel said in a report. Details about the scam … [Read more...] about How Cybercriminals are Exploiting India’s UPI for Money Laundering Operations
How scammers swindle money out of new employees
The first few days in a new workplace are commonly packed with team meetings, trainings, onboarding sessions, and so on. Much ado with little understanding of what’s going on. At the same time there are certain “rituals” that many new hires go in for these days — one of which being posting on social media (most commonly, but not exclusively, on LinkedIn) about starting a new … [Read more...] about How scammers swindle money out of new employees
Hackers Target Bank Networks with new Rootkit to Steal Money from ATM Machines
A financially motivated threat actor has been observed deploying a previously unknown rootkit targeting Oracle Solaris systems with the goal of compromising Automatic Teller Machine (ATM) switching networks and carrying out unauthorized cash withdrawals at different banks using fraudulent cards. Threat intelligence and incident response firm Mandiant is tracking the cluster … [Read more...] about Hackers Target Bank Networks with new Rootkit to Steal Money from ATM Machines
Spanish Police Arrest SIM Swappers Who Stole Money from Victims Bank Accounts
Spain's National Police Agency, the Policía Nacional, said last week it dismantled an unnamed cybercriminal organization and arrested eight individuals in connection with a series of SIM swapping attacks that were carried out with the goal of financial fraud. The suspects of the crime ring masqueraded as trustworthy representatives of banks and other organizations and used … [Read more...] about Spanish Police Arrest SIM Swappers Who Stole Money from Victims Bank Accounts
DeepDotWeb Admin Pleads Guilty to Money Laundering Charges
The U.S. Department of Justice (DoJ) on Wednesday said that an Israeli national pleaded guilty for his role as an "administrator" of a portal called DeepDotWeb (DDW), a "news" website that "served as a gateway to numerous dark web marketplaces." According to the unsealed court documents, Tal Prihar, 37, an Israeli citizen residing in Brazil, operated DDW alongside Michael Phan, … [Read more...] about DeepDotWeb Admin Pleads Guilty to Money Laundering Charges
QakBot Banking Trojan Returned With New Sneaky Tricks to Steal Your Money
A notorious banking trojan aimed at stealing bank account credentials and other financial information has now come back with new tricks up its sleeve to target government, military, and manufacturing sectors in the US and Europe, according to new research.In an analysis released by Check Point Research today, the latest wave of Qbot activity appears to have dovetailed with the … [Read more...] about QakBot Banking Trojan Returned With New Sneaky Tricks to Steal Your Money
Fake Jason Statham Bilks a Fan Out of Serious Money
A scam version of the actor convinced a woman he was in love with her. Source link … [Read more...] about Fake Jason Statham Bilks a Fan Out of Serious Money