#1 Trusted Cybersecurity News Platform Followed by 4.50+ million
The Hacker News Logo
Get the Free Newsletter
SaaS Security

btc-e | Breaking Cybersecurity News | The Hacker News

Belarusian National Linked to BTC-e Faces 25 Years for $4 Billion Crypto Money Laundering

Belarusian National Linked to BTC-e Faces 25 Years for $4 Billion Crypto Money Laundering
Feb 05, 2024 Cryptocurrency / Financial Fraud
A 42-year-old Belarusian and Cypriot national with alleged connections to the now-defunct cryptocurrency exchange BTC-e is facing charges related to money laundering and operating an unlicensed money services business. Aliaksandr Klimenka , who was arrested in Latvia on December 21, 2023, was extradited to the U.S. and is currently being held in custody. If convicted, he faces a maximum penalty of 25 years in prison. BTC-e, which had been operating since 2011, was seized by law enforcement authorities in late July 2017 following the arrest of another key member  Alexander Vinnik , in Greece. The exchange is alleged to have received deposits valued at over $4 billion, with Vinnik laundering funds received from the hack of another digital exchange, Mt. Gox, through various online exchanges, including BTC-e. Court documents  allege  that the exchange was a "significant cybercrime and online money laundering entity," allowing its users to trade in bitcoin with high levels of

Greece U-Turns — Now Approves Mr. Bitcoin's Extradition To Russia

Greece U-Turns — Now Approves Mr. Bitcoin's Extradition To Russia
Sep 17, 2018
Greece just took another U-turn. Mr. Bitcoin a.k.a. Alexander Vinnik is not going to France nor to the United States; instead, he is now possibly going to his homeland Russia. The Supreme Civil and Criminal Court of Greece on Friday has overruled previous decisions and approved to extradite the alleged owner of the now-defunct Bitcoin cryptocurrency exchange BTC-e Vinnik to Russia. Several Greek courts have previously ruled in favor of all three countries, Russia, France, and the United States, where Vinnik is wanted to face different criminal and hacking charges. Vinnik, 38, has been accused of operating BTC-e cryptocurrency exchange, which was shut down right after his arrest by Greek police in July 2017 at the request of the U.S., where he is convicted for fraud and money laundering more than $4 billion worth amount of Bitcoin (BTC) for criminals involved in hacking attacks, tax fraud, and drug trafficking. Vinnik is also accused to the failure of the once-most famous

How Nation-State Actors Target Your Business: New Research Exposes Major SaaS Vulnerabilities

How Nation-State Actors Target Your Business: New Research Exposes Major SaaS Vulnerabilities
Feb 15, 2024SaaS Security / Risk Management
With many of the highly publicized 2023 cyber attacks revolving around one or more SaaS applications, SaaS has become a cause for genuine concern in many boardroom discussions. More so than ever, considering that GenAI applications are, in fact, SaaS applications. Wing Security (Wing), a SaaS security company, conducted an analysis of 493 SaaS-using companies in Q4 of 2023.  Their study reveals  how companies use SaaS today, and the wide variety of threats that result from that usage. This unique analysis provides rare and important insights into the breadth and depth of SaaS-related risks, but also provides practical tips to mitigate them and ensure SaaS can be widely used without compromising security posture.  The TL;DR Version Of SaaS Security 2023 brought some now infamous examples of malicious players leveraging or directly targeting SaaS, including the North Korean group UNC4899, 0ktapus ransomware group, and Russian Midnight Blizzard APT, which targeted well-known organizat

BTC-e Operator, Accused of Laundering $4 Billion, to be Extradited to France

BTC-e Operator, Accused of Laundering $4 Billion, to be Extradited to France
Jul 17, 2018
In a legal extradition tug-of-war between the United States and Russia, it seems France has won the game, surprisingly. A Greek court has ruled to extradite the Russian cybercrime suspect and the former operator of now-defunct BTC-e crypto exchange to France, instead of the United States or to his native Russia, according to multiple Russian news outlets. Alexander Vinnik , 38, has been accused of laundering more than $4 billion in bitcoin for criminals involved in hacking attacks, tax fraud and drug trafficking with the help of BTC-e crypto exchange. BTC-e, a digital currency exchange service operating since 2011, was seized by the authorities right after Vinnik's arrest in northern Greece in late July 2016 at the request of US law enforcement authorities. Vinnik is also accused to the failure of the once-most famous Japanese bitcoin exchange Mt. Gox , which was shut down in 2014 following a series of mysterious robberies, which totaled at least $375 million in Bitcoin

Are You Vulnerable to Third-Party Breaches Through Interconnected SaaS Apps?

cyber security
websiteWing SecuritySaaS Security / Risk Management
Protect against cascading risks by identifying and mitigating app2app and third-party SaaS vulnerabilities.

Greek Court Approves US Extradition of BTC-e Operator In $4 Billion Money Laundering Case

Greek Court Approves US Extradition of BTC-e Operator In $4 Billion Money Laundering Case
Oct 05, 2017
A Greek court has approved the U.S. extradition of a 38-year-old Russian national accused of laundering more than $4 billion in bitcoin for culprits involved in hacking attacks, tax fraud and drug trafficking with the help of the now-defunct BTC-e exchange. Alexander Vinnik , an alleged operator of BTC-e—a digital currency exchange service that has been in operation since 2011 but seized by the authorities right after Vinnik's arrest in a beachside village in northern Greece in late July 2016 at the request of US law enforcement authorities. Since his arrest, Moscow has also requested Vinnik be returned home, as it has previously done with other Russian nationals wanted by the United States. However, the Greek court ruled Wednesday (4 October) to extradite Vinnik to the U.S., where he will face trial on the charges with the operation of an unlicensed money service business, money laundering, conspiracy to commit money laundering, and engaging in unlawful monetary transact
Cybersecurity Resources