Security News

Cash-flashing rapper charged with money laundering for BTC-e
2020-05-19 14:56

A 29-year-old Russian rapper who loved to do what rappers do - as in, post photos of himself on social media as he made kissy-kissy with wads of cash or swigged pricey champagne - will be appearing in court in Pennsylvania this week to face charges of money laundering for cybercrooks. His name is Maksim Boiko, also known as Maxim Boyko, "Gangass", or the rapper Plinofficial.

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.

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.

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,...

CipherTrace Unveils Crypto-Currency Anti-Money Laundering Solution
2018-07-05 15:48

Cryptocurrency theft and its use to launder other illegal activity is booming. This has prompted the evolution of a related industry that sits on the borderline of legality (barely legal in some...