July 26, 2024 at 10:30AM Russian-speaking threat actors accounted for over two-thirds, surpassing $500 million, of all ransomware crypto proceeds in the previous year, according to TRM Labs. North Korea leads in cryptocurrency theft, with Asia leading in scams and fraud. Russians dominate in malicious crypto activities, encompassing cybercrime, illicit exchanges, and darknet markets. From … Read more
July 10, 2024 at 04:41PM Online marketplace Huione Guarantee is allegedly aiding money laundering for online scams, particularly “pig butchering” investment fraud, according to researchers. They found that at least $11 billion of transactions on the platform were linked to cybercrime, including investment fraud, data sales, and money laundering. The platform’s lack of moderation and … Read more
July 10, 2024 at 04:33AM Cryptocurrency analysts uncovered HuiOne Guarantee, an online marketplace utilized by cybercriminals in Southeast Asia, facilitating transactions totaling at least $11 billion and primarily associated with pig butchering scams. Connected to Cambodian conglomerate HuiOne Group, it offers money laundering services and engages in various fraudulent activities, targeting victims worldwide. Elliptic’s report … Read more
February 11, 2024 at 11:45PM The U.S. Department of State is offering up to $10 million for info on Hive ransomware key personnel and $5 million for arrests related to Hive ransomware activities. Hive targeted 1,500+ victims in 80 countries, netting $100 million in illegal revenues. Ransomware activity rebounded in 2023, with a notable shift … Read more
November 30, 2023 at 09:42AM Since early 2022, the Black Basta ransomware group has extorted over $100 million from victims. Linked to the defunct Conti group, Black Basta employs double extortion tactics, targeting diverse industries, primarily in the US. Analysis by Elliptic ties them to Conti and shows a significant portion of victims pay ransoms, … Read more
November 30, 2023 at 01:48AM The U.S. Treasury has sanctioned Sinbad, a crypto mixer used by North Korea’s Lazarus Group for money laundering. Sinbad has processed stolen virtual currency from major heists and is linked to various criminal activities. Blockchain analysis suggests connections between Sinbad and the also-sanctioned Blender mixer. **Clear Takeaways from Meeting Notes … Read more