A man from Indiana pleaded guilty to stealing over $37M in cryptocurrency from 571 victims during a 2022 cyberattack. Evan Frederick Light, 21, of Lebanon, Indiana, pleaded guilty to conspiracy to commit wire fraud and conspiracy to launder monetary instruments. In February 2022, Light participated in a cyber attack on an investment firm in Sioux […]
Offers that promise easy earnings can also bring with them a host of scams that deceive those who are genuinely seeking income opportunities. Often, behind these enticing offers are pyramid schemes in which profits are generated through the recruitment of new participants, rather than through actual service, sometimes even causing significant financial losses. Other false […]
North Korea-linked APT group Lazarus has laundered $900 million worth of cryptocurrency, Elliptic researchers reported. Researchers from blockchain analytics firm Elliptic reported that threat actors has already laundered a record $7 billion through cross-chain crime. The term “Cross-chain crime” is used to refer to the swapping of cryptoassets between different tokens or blockchains to launder […]
A joint operation conducted by the FBI and Ukrainian police seized 9 crypto exchanges used by cybercriminal groups for money laundering. The Cyber Police Department together with the Main Investigative Department of the National Police, the Office of the Prosecutor General of Ukraine and in cooperation with the FBI conducted an international operation that seized […]
Russian national Denis Mihaqlovic Dubnikov has been sentenced to time served for committing money laundering for the Ryuk ransomware operation. Russian national Denis Dubnikov (30) has been sentenced to time served for committing money laundering for the Ryuk ransomware group. The man was also ordered to pay $2,000 in restitution. On February 7, 2023, Dubnikov pleaded […]
The U.S. Department of Treasury sanctioned cryptocurrency mixer Blender.io used by North Korea-linked Lazarus APT. The U.S. Department of Treasury sanctioned the cryptocurrency mixer Blender.io used by the North Korea-linked Lazarus APT to launder the funds stolen from Axie Infinity’s Ronin bridge. This is the first time ever, Treasury is sanctioning a virtual currency mixer. […]
The administrator of the DeepDotWeb (DDW) has received a sentence of 97 months in prison for money laundering. Tal Prihar (37), an Israeli national who operated DeepDotWeb (DDW), was sentenced to 97 months in prison and was ordered to forfeit $8,414,173. DeepDotWeb (DDW) was a website that connected internet users with Darknet marketplaces, where they […]
Europol identified 18,351 money mules and arrested 1,803 of them as part of an international anti-money-laundering operation codenamed EMMA 7. Europol has identified 18,351 money mules and arrested 1,803 of them as part of an international anti-money-laundering operation codenamed EMMA 7. The operation is the result of a joint effort of 27 countries, Eurojust, INTERPOL, […]
A joint operation of European law enforcement agencies and coordinated by Europol dismantled a criminal ring involved in investment fraud. A joint investigation of European law enforcement agencies supported by Europol and Eurojust dismantled a large criminal network involved in investment fraud and money laundering. The operation, led by Germany, involved authorities from Bulgaria, Israel, Latvia, […]
One of the administrators for the DeepDotWeb dark web portal pleads guilty to receiving kickbacks from the operators of the marketplaces. One of the administrators for the DeepDotWeb dark web portal, Tal Prihar (37), pleads guilty to receiving kickbacks from the operators of the marketplaces for the sale of illegals products. Tal Prihar is a […]