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Clop Gang Partners Laundered $500 Million in Ransomware Payments

Clop Gang Partners Laundered $500 Million in Ransomware Payments
June 24, 2021Ravie Lakshmanan
The cybercrime ring that was apprehended last week in connection with Clop (aka Cl0p) ransomware attacks against dozens of companies in the last few months helped launder money totaling $500 million for several malicious actors through a plethora of illegal activities. "The group — also known as FANCYCAT — has been running multiple criminal activities: distributing cyber attacks; operating a high-risk exchanger; and laundering money from dark web operations and high-profile cyber attacks such as Cl0p and Petya ransomware," popular cryptocurrency exchange Binance  said  Thursday. On June 16, the Ukraine Cyber Police  nabbed six individuals  in the city of Kyiv, describing the arrests as resulting from an international operation involving law enforcement authorities from Korea, the U.S., and Interpol. While the bust was seen as a major blow to the operations of the Clop gang, the hackers published earlier this week a fresh batch of confidential employee records stolen from

DeepDotWeb Admin Pleads Guilty to Money Laundering Charges

DeepDotWeb Admin Pleads Guilty to Money Laundering Charges
April 01, 2021Ravie Lakshmanan
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 , 34, of Israel, starting October 2013, in return for which they received kickbacks from the operators of the marketplaces in the form of virtual currency amounting to 8,155 bitcoins (worth $8.4 million at the time of the transactions). In an attempt to conceal the illicit payments, Prihar is said to have transferred the money to other bitcoin accounts and to bank accounts under his control in the name of shell companies. "Tal Prihar served as a broker for illegal Darknet marketplaces — helping such marketplaces find customers for fentanyl, firearms, and other dangerous

2 Chinese Charged with Laundering $100 Million for North Korean Hackers

2 Chinese Charged with Laundering $100 Million for North Korean Hackers
March 02, 2020Ravie Lakshmanan
Two Chinese nationals have been charged by the US Department of Justice (DoJ) and sanctioned by the US Treasury for allegedly laundering $100 million worth of virtual currency using prepaid Apple iTunes gift cards. According to a newly unsealed court document , the illicit funds originated from a $250 million haul stolen from two different unnamed cryptocurrency exchanges that were perpetrated by Lazarus Group , a cybercrime group with ties with the North Korean government. The two individuals in question — Tian Yinyin (田寅寅)  and Li Jiadong (李家东) — were both charged with operating an unlicensed money transmitting business and money laundering conspiracy. Prosecutors said the defendants worked on behalf of the threat actors based in North Korea to allegedly launder over a $100 million worth of stolen cryptocurrency to obscure transactions, adding the hacking of cryptocurrency exchanges posed a severe threat to the security of the global financial system. It's worth notin

French Dark-Web Drug Dealer Sentenced to 20 Years in US Prison

French Dark-Web Drug Dealer Sentenced to 20 Years in US Prison
October 11, 2018Swati Khandelwal
A dark web drugs kingpin who was arrested last year when he arrived in the United States to compete in the World Beard and Mustache Championships has now been sentenced to 20 years in prison. On Tuesday, U.S. District Judge Robert N. Scola sentenced 36-year-old French national Gal Vallerius, aka "OxyMonster," after pleading guilty to conspiracy to possess with the intent to distribute controlled substances and conspiracy to launder money in June this year. According to a press release published by the U.S. Department of Justice, Vallerius was an administrator, senior moderator and vendor on Dream Market —one of the largest dark web marketplaces for illegal narcotics and drug paraphernalia. Launched in November 2013, Dream Market began operating on the TOR "dark web" network and was designed to make it easier for people to anonymously buy and sell illegal items and services in exchange for Bitcoin and other peer-to-peer cryptocurrencies. Vallerius initi

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

Greece U-Turns — Now Approves Mr. Bitcoin's Extradition To Russia
September 17, 2018Wang Wei
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

Former Microsoft Engineer Gets Prison for Role in Reveton Ransomware

Former Microsoft Engineer Gets Prison for Role in Reveton Ransomware
August 15, 2018Wang Wei
A former Microsoft network engineer who was charged in April this year has now been sentenced to 18 months in prison after pleading guilty to money laundering in connection with the Reveton ransomware. Reveton malware is old ransomware, also known as scareware or police ransomware that instead of encrypting files locks the screen of victims' computers and displays a message purporting to come from a national law enforcement agency. The splash screen of the malware was designed to falsely tell unsuspecting victims that they have been caught doing illegal or malicious activities online or the law enforcement had found illegal material on their computer, forcing users to make pay a "fine" of $200-300 within 48 hours to regain access to their computers. Raymond Odigie Uadiale, 41-year-old, who worked as a Microsoft network engineer, is not the actual author of the Reveton ransomware , but he helped the Reveton distributor, residing in the UK and identified as the online

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
July 17, 2018Swati Khandelwal
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

Corrupt Federal Agent, Who Stole Bitcoins From Silk Road, Pleads Guilty To Money Laundering

Corrupt Federal Agent, Who Stole Bitcoins From Silk Road, Pleads Guilty To Money Laundering
August 16, 2017Swati Khandelwal
A former the United States Secret Service agent who stole hundreds of thousands of dollars worth of Bitcoins during an investigation into then-largest underground marketplace Silk Road has now pleaded guilty to money laundering. Shaun W. Bridges is one of two former US undercover agents who pleaded guilty in 2015 to one count of money laundering and one count of obstruction and was sentenced in December same year to almost six years in prison for stealing over $800,000 in Bitcoin while investigating Silk Road. 35-years-old Bridges, who had been a Special Agent with the U.S. Secret Service for almost 6 years, along with his partner stole money from Silk Road accounts and framed someone else for the laundering, which even led the Silk Road founder Ross Ulbricht to plan a murder. Ulbricht was convicted in February 2015 of running the Silk Road underground black market and is now serving life in prison sentence . According to the Department of Justice, Bridges is believed to

How Hackers Cash Out Thousands of Bitcoins Received in Ransomware Attacks

How Hackers Cash Out Thousands of Bitcoins Received in Ransomware Attacks
July 28, 2017Swati Khandelwal
Digital currencies have emerged as a favourite tool for hackers and cyber criminals, as digital currency transactions are nearly anonymous, allowing cyber criminals to use it in underground markets for illegal trading, and to receive thousands of dollars in ransomware attacks— WannaCry , Petya , LeakerLocker , Locky and Cerber to name a few. Also, every other day we hear about some incidents of hacking of crypto currency exchange or digital wallets, in which hackers stole millions of dollars in Bitcoin or Ethereum. The latest back-to-back series of thefts of Ethereum —one of the most popular and increasingly valuable cryptocurrencies—in which around half a billion dollars in total were stolen is the recent example of how much hackers are after crypto currencies. It's obvious that after ripping off hundreds of thousands of cryptocurrencies from exchanges, wallets and ransomware victims, cyber criminals would not hold them in just digital form—the next step is to cash the

Bitcoin Exchange Operator Arrested For $4 Billion Money Laundering Scheme

Bitcoin Exchange Operator Arrested For $4 Billion Money Laundering Scheme
July 27, 2017Mohit Kumar
Greek  police have arrested a Russian man who is believed to have been the operator of the popular BTC-e Bitcoin exchange on charges of laundering more than $4 billion in bitcoin for culprits involved in hacking attacks, tax fraud and drug trafficking. A United States jury indicted 38-year-old Alexander Vinnik on Wednesday after his arrest in Greece on Tuesday at the request of US law enforcement authorities. The suspect is one of the operators of BTC-e, a service operational since 2011. Headquartered in Russia, the digital currency exchange has been offline since the arrest of Vinnik, and its homepage says, "Site is under maintenance. We apologize for the inconvenience.." According to a press release published by the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN), BTC-e ignored "know your customer" laws in an effort to serve criminals, and even hosted message boards buzzing with illegal activities. The FinCEN also announced a $110

Dutch Police Seize Another Company that Sells PGP-Encrypted Blackberry Phones

Dutch Police Seize Another Company that Sells PGP-Encrypted Blackberry Phones
May 11, 2017Swati Khandelwal
The Dutch police arrested four suspects on Tuesday on suspicion of money laundering and involvement in selling custom encrypted BlackBerry and Android smartphones to criminals. The Dutch National High Tech Crime Unit (NHTCU), dedicated team within the Dutch National Police Agency aims to investigate advanced forms of cyber crimes, carried out investigation and found that the phone brand "PGPsafe" was selling customized BlackBerry and Android smartphones with the secure PGP-encrypted network to the "possible criminal end users." PGP (Pretty Good Privacy) is an open source end-to-end encryption standard that can be used to cryptographically sign emails, documents, files, or entire disk partitions in order to protect them from being spied on. Selling custom security-focused encrypted phones does not involve any crime itself, but Dutch police have discovered evidence, which indicates over the years such phones had been sold to organized criminals involved in

SWIFT Hack: Bangladesh Bank Recovers $15 Million from a Philippines Casino

SWIFT Hack: Bangladesh Bank Recovers $15 Million from a Philippines Casino
November 09, 2016Swati Khandelwal
Part of the $81 Million stolen from Bangladesh bank's New York Federal Reserve account earlier this year in the wake of the major malware attack on the SWIFT interbank transfer network has been tracked down to a casino in the Philippines. SWIFT, or Society for Worldwide Interbank Telecommunication, is a global financial messaging system that thousands of banks and organizations around the world use to transfer billions of dollars every day. In February, hackers dropped a piece of malware on a SWIFT terminal employed by Bangladesh's central bank, obtained credentials needed for payment transfers from the New York Federal Reserve Bank, and then transferred large amount to fraudulent accounts based in the Philippines and Sri Lanka. In March, the investigation revealed that the stolen money was then sold to a black market foreign exchange broker and later transferred to at least 3 local casinos in the Philippines. In September, Philippine court ordered the return of $1

Founder of 'Liberty Reserve' Sentenced to 20 years in Prison

Founder of 'Liberty Reserve' Sentenced to 20 years in Prison
May 07, 2016Swati Khandelwal
In Brief Arthur Budovsky, co-founder of popular digital currency business 'Liberty Reserve', was sentenced Friday to 20 years in prison for running a money laundering scheme for hackers, identity thieves, child pornographers and drug dealers around the globe. Since its inception, 2005, to the year 2013, when Liberty Reserve was shut down by authorities, the company processed more than $8 billion worth of transactions for more than 5.5 million users worldwide. He was also ordered to forfeit $122 million and fined $500,000. The co-founder of Liberty Reserve, a widely-used digital currency, was sentenced to 20 years in prison on Friday for running a global money-laundering scheme that operated as "the financial hub for cyber criminals around the world." Arthur Budovsky Belanchuk, 42, ran an online digital currency business out of Costa Rica called Liberty Reserve from around 2005 until it was shut down by the federal authorities in 2013 with the arrest of Bud

Encrypted Smartphone Network Seized by Dutch Police for Criminal Investigation

Encrypted Smartphone Network Seized by Dutch Police for Criminal Investigation
April 21, 2016Mohit Kumar
On Tuesday, the Dutch Police arrested a 36-year-old man, Danny Manupassa , on suspicion of money laundering and involvement in selling encrypted smartphones to criminals. Manupassa owns a company called Ennetcom , which provides customized Blackberry Phones with the secure PGP-encrypted network. Reportedly, Ennetcom sold nearly 19,000 encrypted cell phones at 1500 euros each in last few years. Police have seized Ennetcom servers based in the Netherlands and Canada and pulled them offline. The seized servers contain data of encrypted communications belong to a large number of criminals. According to a press release , the investigation is ongoing and seized data from the servers will be analyzed soon. Police believe this operation would result in collecting evidence required for solving numerous ongoing investigations involving drug trafficking, assassinations, and other serious crimes. Moreover, Canadian Police is also involved in this investigation and surprisingly, i

Variety Jones, A Senior Adviser to ‪Silk Road‬ arrested in Thailand

Variety Jones, A Senior Adviser to ‪Silk Road‬ arrested in Thailand
December 04, 2015Swati Khandelwal
The man accused of being "a senior advisor" and mentor of Ross Ulbricht , the convicted operator of the illegal drug marketplace Silk Road , has been arrested in Thailand and charged with conspiring to traffic drugs and money laundering. The US Department of Justice (DoJ) announced on Friday that Roger Thomas Clark , 54, is accused of being " Variety Jones ," who was a close confidante of Ulbricht's who: Advised Ulbricht on all aspects of Silk Road's operations Helped Ulbricht grow the notorious website into an extensive criminal enterprise Clark was arrested Thursday in Thailand and is now awaiting extradition to face United States charges of: Narcotics Trafficking Conspiracy – carries a maximum sentence of life in prison. Money Laundering Conspiracy – carries a maximum sentence of 20 years in prison. Life in Prison If convicted, Clark faces at least 10 years and as long as life in prison, according to a statement from Manhattan U.S. Attorney Preet

Sheep Marketplace Owner Arrested While Trying to Buy Luxury Home

Sheep Marketplace Owner Arrested While Trying to Buy Luxury Home
March 29, 2015Swati Khandelwal
Thomas Jiřikovský , an alleged Owner of one of the most popular Darknet website ' Sheep Marketplace , ' has been arrested after laundering around $40 Million, making it one of the biggest exit scams in Darknet history. After the arrest of Silk Road owner 'Ross Ulbricht' in 2013 -- Sheep Marketplace became the next famous anonymous underground marketplace among Black Market customers for selling illicit products, especially drugs. But only after few weeks, Sheep Marketplace was suddenly disappeared and was taken offline by its owner, who had been suspected of stealing $40 million worth of Bitcoins at the time when Bitcoin market value was at the peak. Shortly after this Bitcoin Scam, a Darknet commentator ' Gwern Branwen ' doxed the owner, and the suspect was identified -- Thomas Jiřikovský as the owner of the black market website. Unfortunately, Jiřikovský forgot to hide his identity and residential address from the Internet, which was exposed by his Facebook

Silk Road founder Ross Ulbricht Convicted of All 7 Charges; Faces Life In Prison

Silk Road founder Ross Ulbricht Convicted of All 7 Charges; Faces Life In Prison
February 04, 2015Wang Wei
A jury has found Silk Road founder Ross Ulbricht  a.k.a Dread Pirate Roberts  guilty on all seven counts and faces Life In Prison for running an underground black market i.e.  Silk Road . Ross Ulbricht, a San Francisco 30-year-old web developer was arrested by FBI in a sting operation in October 2013 accusing him of being the criminal mastermind running Silk Road, where hundreds of millions of dollars in illegal goods were traded. Ross Ulbricht had claimed that he had built Silk Road, but he was not the site's notorious ringleader " Dread Pirate Roberts. " The trial went on for just over three weeks and today the jury of six men and six women charged Ross Ulbricht with seven counts including money laundering, drug trafficking and computer hacking among other things. " The supposed anonymity of the dark web is not a protective shield from arrest and prosecution ," according to Manhattan U.S. Attorney Preet Bharara in a statement after the verdict. Prose

Bluetooth enabled Credit Card Skimmers planted at Gas Station lead to $2 Million heist

Bluetooth enabled Credit Card Skimmers planted at Gas Station lead to $2 Million heist
January 22, 2014Swati Khandelwal
Cyber Criminals will not let any way out without making Money. Another huge Credit Card theft and this time they targeted Gas Stations. 13 men were suspected and charged for stealing banking information, using Bluetooth enabled Credit Card Skimmers planted on the gas stations throughout the Southern United States. They made more than $2 Million by downloading the ATM information, as well as PIN numbers from the gas pumps and then used the data to draw cash from the ATMs in Manhattan. Manhattan District Attorney Cyrus R. Vance explained the operation that the skimming devices were internally installed so was undetectable to the people who paid at the pumps and the devices were Bluetooth enabled, so it did not need any physical access in order to obtain the stolen personal identifying information. " By using skimming devices planted inside gas station pumps, these defendants are accused of fueling the fastest growing crime in the country. Cybercriminals and ident

U.S. Judge ordered the largest Ever Forfeiture of 29,655 Bitcoins seized from Silk Road

U.S. Judge ordered the largest Ever Forfeiture of 29,655 Bitcoins seized from Silk Road
January 20, 2014Mohit Kumar
In last October, the Feds told they would probably just  liquidate the bitcoins  seized from the online black market Silk Road, once they were legally free to do so. Finally the United States District Judge  J. Paul Oetken   signed off  on the forfeiture order for the Bitcoins, clearing the government to sell the assets. Last September, the FBI had seized  29,655 Bitcoins from the online black market Silk Road after its alleged 29-year-old mastermind, Ross William Ulbricht , aka ' Dread Pirate Roberts ' was arrested and charged with possessing controlled substances and committing or conspiring to commit computer hacking offenses, among other charges. This new ruling represents the largest-ever forfeiture of Bitcoins . The assets include the Silk Road hidden website and 29,655 Bitcoins , worth more than $28 Million according to current exchange rates. Manhattan U.S. Attorney Preet Bharara said: "With today's forfeiture of $28 million worth of Bitcoins fr

Dutch Police arrested TorRAT Malware Gang for stealing over Million Dollar

Dutch Police arrested TorRAT Malware Gang for stealing over Million Dollar
October 27, 2013Mohit Kumar
The TorRAT malware was first appeared in 2012 as spying tool only. But from August 2012, Bitcoin Mining feature was added and it became a powerful hacking tool that was commonly associated with attacks on Financial institutions. ab This year TorRat Malware targeted two out of three major Banks in the Netherlands and the  criminals stole over Million Dollars from user' Banking Accounts. The Dutch  police has arrested four men from Alkmaar, Haarlem, Woubrugge and Roden on last Monday, who are suspected of involvement in the large scale digital fraud and money laundering case using TorRat Malware. Using Spear Phishing techniques, gang  targeted the victims to access their computers and the Financial accounts. The gang used anonymous VPN services, Bitcoins, TorMail and the Tor network itself to remain anonymous. Malware is also capable of manipulating the information during online banking , can secretly add new payment orders and also able to modify existing
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