Security News

Crypto Capital boss arrested over money laundering
2019-10-28 12:53

Bitfinex says the payment processor has $880M of the cryptocurrency exchange's “lost” funds. Polish authorities seized $390m of it.

Bestmixer Cryptocurrency Laundering Site Shuttered
2019-05-23 18:48

Authorities Say 'Mixer' Site Laundered Nearly $200 Million Worth of CryptocurrenciesEuropean police have shuttered Bestmixer.io, considered one of the largest underground money laundering websites...

Phishers Target Anti-Money Laundering Officers at U.S. Credit Unions
2019-02-08 12:58

A highly targeted, malware-laced phishing campaign landed in the inboxes of multiple credit unions last week. The missives are raising eyebrows because they were sent only to specific anti-money...

AI-platform Mimiro raises $30 million to tackle terrorist funding, money-laundering and fraud
2019-01-31 01:00

Mimiro (formerly ComplyAdvantage) has raised USD $30 million from investors to accelerate the global expansion of its machine-learning platform for analysing the risk of financial crime. By...

Cryptocurrency Money Laundering: Alarming New Trends
2019-01-30 20:33

Despite the value of cryptocurrency plummeting since 2017, cybercriminals and rogue nations are still using it to launder funds. One recently discovered scheme designed to evade AML detection is...

Automated money-laundering scheme found in free-to-play games
2018-07-19 10:14

The scammers automatically created iOS accounts with valid email accounts, then automatically used stolen cards to buy and resell stuff.

Peer-to-Peer Crypto-Exchanges: A Haven for Money Laundering
2018-07-17 21:04

Buyers and sellers can exchange cash in person, transfer bank funds online or can exchange funds for prepaid cards, gift cards or other cryptocurrencies.

BTC-e Operator, Accused of Laundering $4 Billion, to be Extradited to France
2018-07-17 14:48

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...

Dramatic increase in cryptocurrency money laundering
2018-07-06 11:30

Three times more cryptocurrency was stolen from exchanges in the first half of 2018 than in all of 2017, according to CipherTrace. These dirty funds all need to be “laundered,” which results in a...

Cryptocurrency's Skyrocketing Money Laundering Problem
2018-07-06 10:48

Leading the latest edition of the ISMG Security Report: CipherTrace CEO Dave Jevans discusses recent research on cryptocurrency money laundering and whether regulation is possible. Plus,...