Tornado Cash | Breaking Cybersecurity News | The Hacker News

A Dutch court on Tuesday sentenced one of the co-founders of the now-sanctioned Tornado Cash cryptocurrency mixer service to 5 years and 4 months in prison. While the name of the defendant was  redacted in the verdict , it's known that Alexey Pertsev, a 31-year-old Russian national, had been  awaiting trial  in the Netherlands on money laundering charges. Pertsev, one of the developers of Tornado Cash, was  arrested  in Amsterdam in August 2022 days after the U.S. Treasury Department  sanctioned  the service for allowing malicious actors such as the Lazarus Group to launder and cash out their proceeds. In addition to the imprisonment, the defendant is expected to forfeit cryptocurrency assets worth €1.9 million (~$2.05 million) and a Porsche car that had been previously seized. "The defendant declared that it was never his intention to break the law or to facilitate criminal activities," a summary of the ruling  said . "With Tornado Cash, he wanted to offer a l

A new elaborate attack campaign has been observed employing PowerShell and VBScript malware to infect Windows systems and harvest sensitive information. Cybersecurity company Securonix, which dubbed the campaign DEEP#GOSU, said it's likely associated with the North Korean state-sponsored group tracked as Kimsuky (aka Emerald Sleet, Springtail, or Velvet Chollima). "The malware payloads used in the  DEEP#GOSU  represent a sophisticated, multi-stage threat designed to operate stealthily on Windows systems especially from a network-monitoring standpoint," security researchers Den Iuzvyk, Tim Peck, and Oleg Kolesnikov said in a technical analysis shared with The Hacker News. "Its capabilities included keylogging, clipboard monitoring, dynamic payload execution, and data exfiltration, and persistence using both RAT software for full remote access, scheduled tasks as well as self-executing PowerShell scripts using jobs." A notable aspect of the infection proced

Since its emergence, Generative AI has revolutionized enterprise productivity. GenAI tools enable faster and more effective software development, financial analysis, business planning, and customer engagement. However, this business agility comes with significant risks, particularly the potential for sensitive data leakage. As organizations attempt to balance productivity gains with security concerns, many have been forced to choose between unrestricted GenAI usage to banning it altogether. A new e-guide by LayerX titled 5 Actionable Measures to Prevent Data Leakage Through Generative AI Tools is designed to help organizations navigate the challenges of GenAI usage in the workplace. The guide offers practical steps for security managers to protect sensitive corporate data while still reaping the productivity benefits of GenAI tools like ChatGPT. This approach is intended to allow companies to strike the right balance between innovation and security. Why Worry About ChatGPT? The e

The U.S. Justice Department (DoJ) on Wednesday  unsealed an indictment  against two founders of the now-sanctioned Tornado Cash cryptocurrency mixer service, charging them with laundering more than $1 billion in criminal proceeds. Both the individuals, Roman Storm and Roman Semenov, have been charged with conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money-transmitting business. Storm, 34, is said to have been arrested in the U.S. state of Washington. Semenov, 35, remains at large in Dubai. They are alleged to have "made millions of dollars in profits" from promoting and operating the service. Tornado Cash is estimated to have processed upwards of $7 billion worth of crypto assets over a period of three years. In a related move, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned  Semenov and  eight cryptocurrency addresses  connected to him, days after a U.S. cou

Dutch authorities on Friday announced the arrest of a software developer in Amsterdam who is alleged to be working for Tornado Cash, days after the U.S. sanctioned the decentralized crypto mixing service. The 29-year-old individual is "suspected of involvement in concealing criminal financial flows and facilitating money laundering" through the service, the Dutch Fiscal Information and Investigation Service (FIOD)  said  in a statement. Although FIOD didn't reveal the name of the Tornado Cash engineer, The Block  identified  him as Alexey Pertsev, citing confirmation from his wife. "My husband didn't do anything illegal," she was quoted as saying. FIOD also alleged that "Tornado Cash has been used to conceal large-scale criminal money flows, including from (online) thefts of cryptocurrencies (so-called crypto hacks and scams)." The agency, which initiated an investigation into Tornado Cash in June 2022, further hinted it may make more arrests