Financial Crime | Breaking Cybersecurity News | The Hacker News

The U.S. Department of Justice (DoJ) on Thursday announced charges against a 36-year-old Yemeni national for allegedly deploying the Black Kingdom ransomware against global targets, including businesses, schools, and hospitals in the United States. Rami Khaled Ahmed of Sana'a, Yemen, has been charged with one count of conspiracy, one count of intentional damage to a protected computer, and one count of threatening damage to a protected computer. Ahmed is assessed to be currently living in Yemen. "From March 2021 to June 2023, Ahmed and others infected computer networks of several U.S.-based victims, including a medical billing services company in Encino, a ski resort in Oregon, a school district in Pennsylvania, and a health clinic in Wisconsin," the DoJ said in a statement. Ahmed is accused of developing and deploying the ransomware by exploiting a vulnerability in Microsoft Exchange Server known as ProxyLogon. The ransomware worked by either encrypting data from ...

A coalition of international law enforcement agencies has seized the website associated with the cryptocurrency exchange Garantex ("garantex[.]org"), nearly three years after the service was sanctioned by the U.S. Treasury Department in April 2022. "The domain for Garantex has been seized by the United States Secret Service pursuant to a seizure warrant obtained by the United States Attorney's Office for the Eastern District of Virginia under the authority of 18 U.S.C. §§ 981 and 982," reads a seizure banner on the website. The operation was carried out in coordination with the U.S. Department of Justice's Criminal Division, the Federal Bureau of Investigation, Europol, the Dutch National Police, the German Federal Criminal Police Office (Bundeskriminalamt aka BKA), the Frankfurt General Prosecutor's Office, the Finnish National Bureau of Investigation, and the Estonian National Criminal Police. Founded in 2019, Garantex was previously subject to U....

The U.S. Federal Bureau of Investigation (FBI) formally linked the record-breaking $1.5 billion Bybit hack to North Korean threat actors, as the company's CEO Ben Zhou declared a "war against Lazarus." The agency said the Democratic People's Republic of Korea (North Korea) was responsible for the theft of the virtual assets from the cryptocurrency exchange, attributing it to a specific cluster it tracks as TraderTraitor, which is also referred to as Jade Sleet, Slow Pisces, and UNC4899. "TraderTraitor actors are proceeding rapidly and have converted some of the stolen assets to Bitcoin and other virtual assets dispersed across thousands of addresses on multiple blockchains," the FBI said . "It is expected these assets will be further laundered and eventually converted to fiat currency." It's worth noting that the TraderTraitor cluster was previously implicated by Japanese and U.S. authorities in the theft of cryptocurrency worth $308 mil...

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Cryptocurrency exchange Bybit on Friday revealed that a "sophisticated" attack led to the theft of over $1.5 billion worth of cryptocurrency from one of its Ethereum cold (offline) wallets, making it the largest ever single crypto heist in history. "The incident occurred when our ETH multisig cold wallet executed a transfer to our warm wallet. Unfortunately, this transaction was manipulated through a sophisticated attack that masked the signing interface, displaying the correct address while altering the underlying smart contract logic," Bybit said in a post on X. "As a result, the attacker was able to gain control of the affected ETH cold wallet and transfer its holdings to an unidentified address." In a separate statement posted on the social media platform, Bybit's CEO Ben Zhou emphasized that all other cold wallets are secure. The company further said it has reported the case to the appropriate authorities. While there is no official conf...

The U.S. Department of Justice (DoJ) on Friday indicted three Russian nationals for their alleged involvement in operating the cryptocurrency mixing services Blender.io and Sinbad.io. Roman Vitalyevich Ostapenko and Alexander Evgenievich Oleynik were arrested on December 1, 2024, in coordination with the Netherlands' Financial Intelligence and Investigative Service, Finland's National Bureau of Investigation, and the U.S. Federal Bureau of Investigation (FBI). It was not revealed from where they were apprehended. The third individual, Anton Vyachlavovich Tarasov, is still at large. The defendants have been accused of operating cryptocurrency mixers (aka tumblers) that served as safe havens for "laundering criminally derived funds," including the proceeds of ransomware and wire fraud, thereby allowing state-sponsored hacking groups and cybercriminals to profit off their malicious operations. Specifically, they allowed their paying users to send cryptocurrency to ...

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 Destabilise , has resulted in the arrest of 84 suspects linked to two Russian-speaking networks Smart and TGR. In addition, £20 million ($25.4 million) in cash and cryptocurrency has been seized. Both the businesses are based in Moscow's Federation Tower, per The Telegraph , which is known to act as a hub for money laundering firms . Concurrent with the takedown and arrests, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned five individuals and four entities associated with the TGR Group. "Through the TGR Group, Russian elites sought to exploit digital assets – in particular U.S. dollar-backed stablecoins – to evade U.S. and in...

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 money-transmitting business earlier this March. The U.S. Department of Justice (DoJ) described Bitcoin Fog as the darknet's longest-running cryptocurrency mixer , allowing cybercriminals to conceal the source of their cryptocurrency proceeds. "Over the course of its decade-long operation, Bitcoin Fog gained notoriety as a go-to money laundering service for criminals seeking to hide their illicit proceeds from law enforcement and processed transactions involving over 1.2 million bitcoin, valued at approximately $400 million at the time the transactions occurred," the DoJ said . "The bulk of this cryptocurrency came from darknet marketplaces and was tied ...

A new wave of international law enforcement actions has led to four arrests and the takedown of nine servers linked to the LockBit (aka Bitwise Spider) ransomware operation, marking the latest salvo against what was once a prolific financially motivated group. This includes the arrest of a suspected LockBit developer in France while on holiday outside of Russia, two individuals in the U.K. who allegedly supported an affiliate, and an administrator of a bulletproof hosting service in Spain used by the ransomware group, Europol said in a statement. In conjunction, authorities outed a Russian national named Aleksandr Ryzhenkov (aka Beverley, Corbyn_Dallas, G, Guester, and Kotosel) as one of the high-ranking members of the Evil Corp cybercrime group, while simultaneously painting him as a LockBit affiliate. Sanctions have also been announced against seven individuals and two entities linked to the e-crime gang. "The United States, in close coordination with our allies and part...

The U.S. government on Thursday sanctioned two cryptocurrency exchanges and unsealed an indictment against a Russian national for his alleged involvement in the operation of several money laundering services that were offered to cybercriminals. The virtual currency exchanges, Cryptex and PM2BTC, have been alleged to facilitate the laundering of cryptocurrencies possibly obtained through cybercrime. The coordinated action was carried out in collaboration with the Netherlands Police and the Dutch Fiscal Intelligence and Investigation Service (FIOD) as part of an ongoing law enforcement crackdown called Operation Endgame . Pursuant to the exercise, the websites associated with both the exchanges have been confiscated and replaced with a law enforcement seizure banner. Furthermore, it has led to the seizure of cryptocurrency worth €7 million ($7.8 million). "The United States and our international partners remain resolute in our commitment to prevent cybercrime facilitators li...

Mobile users in the Czech Republic are the target of a novel phishing campaign that leverages a Progressive Web Application (PWA) in an attempt to sidestep security protections and steal their banking account credentials. The attacks have targeted the Czech-based Československá obchodní banka (CSOB), as well as the Hungarian OTP Bank and a Georgian Bank, according to Slovak cybersecurity company ESET. "The phishing websites targeting iOS instruct victims to add a Progressive Web Application ( PWA ) to their home-screens, while on Android the PWA is installed after confirming custom pop-ups in the browser," security researcher Jakub Osmani said . "At this point, on both operating systems, these phishing apps are largely indistinguishable from the real banking apps that they mimic." What's notable about this tactic is that users are deceived into installing a PWA, or even WebAPKs in some cases on Android, from a third-party site without having to specificall...

The U.S. Department of Justice (DoJ) on Thursday unsealed an indictment against a North Korean military intelligence operative for allegedly carrying out ransomware attacks against healthcare facilities in the country and funneling the payments to orchestrate additional intrusions into defense, technology, and government entities across the world. " Rim Jong Hyok and his co-conspirators deployed ransomware to extort U.S. hospitals and health care companies, then laundered the proceeds to help fund North Korea's illicit activities," said Paul Abbate, deputy director of the Federal Bureau of Investigation (FBI). "These unacceptable and unlawful actions placed innocent lives at risk." Concurrent with the indictment, the U.S. Department of State announced a reward of up to $10 million for information that could lead to his whereabouts, or the identification of other individuals in connection with the malicious activity. Hyok, part of a hacking crew dubbed Andarie...

The U.S. Department of Justice (DoJ) has charged two arrested Chinese nationals for allegedly orchestrating a pig butchering scam that laundered at least $73 million from victims through shell companies. The individuals, Daren Li, 41, and Yicheng Zhang, 38, were arrested in Atlanta and Los Angeles on April 12 and May 16, respectively. The foreign nationals have been "charged for leading a scheme to launder funds to the tune of at least $73 million tied to an international crypto investment scam," Deputy Attorney General Lisa Monaco  said . Prosecutors have accused Li, Zhang, and their co-conspirators of managing an international syndicate that laundered the funds obtained via cryptocurrency investment scams. As part of the fraudulent operation, victims are said to have been tricked into transferring millions of dollars to U.S. bank accounts that were opened in the name of various shell companies. "A network of money launderers then facilitated the transfer of those...