Security News

Tornado Cash cryptomixer dev gets 64 months for laundering $2 billion
2024-05-15 13:02

Alexey Pertsev, one of the main developers of the Tornado Cash cryptocurrency tumbler has been sentenced to 64 months in prison for his part in helping launder more than $2 billion worth of...

Dutch Court Sentences Tornado Cash Co-Founder to 5 Years in Prison for Money Laundering
2024-05-15 08:28

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...

Russian Operator of BTC-e Crypto Exchange Pleads Guilty to Money Laundering
2024-05-07 09:32

A Russian operator of a now-dismantled BTC-e cryptocurrency exchange has pleaded guilty to money laundering charges from 2011 to 2017. Alexander Vinnik, 44, was charged in January 2017 and taken...

Bitcoin Forensic Analysis Uncovers Money Laundering Clusters and Criminal Proceeds
2024-05-01 14:25

A forensic analysis of a graph dataset containing transactions on the Bitcoin blockchain has revealed clusters associated with illicit activity and money laundering, including detecting criminal...

US charges Samourai cryptomixer founders for laundering $100 million
2024-04-24 20:55

Keonne Rodriguez and William Lonergan Hill have been charged by the U.S. Department of Justice for laundering more than $100 million from various criminal enterprises through Samourai, a cryptocurrency mixer service they ran for nearly a decade. In addition to crypto mixing services, Samourai also offered a service called "Ricochet," which allowed users to send cryptocurrency using additional and unnecessary intermediate transactions to thwart law enforcement and crypto exchange efforts to track funds sourced from criminal activity.

Six banks share customer info to help Singapore fight money laundering
2024-04-02 00:59

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Bitcoin Fog mixer operator convicted for laundering $400 million
2024-03-13 12:54

Russian-Swedish national Roman Sterlingov was convicted by a federal jury in Washington, D.C., for operating Bitcoin Fog between 2011 and 2021. Bitcoin Fog was one of the longest-running cryptocurrency "Tumblers" on the dark web, which cybercriminals from multiple darknet marketplaces used to launder their criminal proceeds.

Canada's anti-money laundering agency offline after cyberattack
2024-03-06 17:30

The Financial Transactions and Reports Analysis Centre of Canada has announced that a "Cyber incident" forced it to take its corporate systems offline as a precaution. FINTRAC is a government agency in Canada that operates as the country's financial intelligence unit.

How Cybercriminals are Exploiting India's UPI for Money Laundering Operations
2024-03-04 13:50

Cybercriminals are using a network of hired money mules in India using an Android-based application to orchestrate a massive money laundering scheme. The malicious application, called XHelper, is...

Belarusian National Linked to BTC-e Faces 25 Years for $4 Billion Crypto Money Laundering
2024-02-05 16:36

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...