December 12, 2024 at 02:42PM The U.S. Justice Department indicted 14 North Korean nationals for a scheme posing as remote IT workers to commit sanctions violations, fraud, and identity theft, allegedly earning $88 million over six years. They used stolen identities and advanced tactics to access U.S. companies, highlighting the threat of North Korean cyberattacks. … Read more
December 9, 2024 at 06:29AM Belgian and Dutch authorities arrested eight individuals linked to a fraud scheme involving phishing, online scams, and money laundering. Seventeen searches were conducted, yielding electronic devices, cash, luxury items, and a firearm. The cybercriminal group targeted victims across Europe, stealing millions using deceptive tactics, including fake police and bank impersonations. … Read more
December 5, 2024 at 01:18AM The U.K. National Crime Agency led Operation Destabilise, disrupting Russian money laundering networks, resulting in 84 arrests and the seizure of £20 million ($25.4 million). The U.S. Treasury sanctioned several individuals linked to these networks, which facilitated sanctions evasion and organized crime across multiple regions, including the U.K. and South … Read more
December 4, 2024 at 03:25PM The UK’s National Crime Agency disrupted two Russian money laundering networks, arresting 84 suspects in “Operation Destabilise.” These networks, linked to ransomware gangs, laundered millions for cybercriminals. The operation unveiled connections among Russian elites, cybercriminals, and UK drug gangs, highlighting significant international collaboration in tackling such financial crimes. ### Meeting … Read more
December 2, 2024 at 02:45PM Russian authorities sentenced Stanislav Moiseyev, leader of the Hydra Market criminal group, to life in prison for drug trafficking. Over a dozen accomplices received 8 to 23-year sentences. Hydra, once the largest darknet market, had substantial drug sales and money laundering operations before being seized by law enforcement in 2022. … Read more
November 15, 2024 at 08:04PM Larry Dean Harmon, 41, was sentenced to three years in prison for operating the Grams dark-web search engine and the Helix cryptocurrency laundering service, which handled over 354,000 bitcoins. He pleaded guilty to money laundering and conspiracy, and faces significant financial penalties, including a $60 million fine. ### Meeting Takeaways … Read more
November 15, 2024 at 11:39AM Ilya Lichtenstein, who stole 119,754 Bitcoin from Bitfinex in 2016, was sentenced to five years in prison after pleading guilty to money laundering. Arrested in 2022, he helped launder the funds with his wife, Heather Morgan. Authorities recovered about 80% of the stolen Bitcoin, worth $3.6 billion at seizure. ### … Read more
November 15, 2024 at 01:39AM Ilya Lichtenstein has been sentenced to five years in prison for his role in the 2016 Bitfinex hack, which stole nearly 120,000 bitcoins. His wife, Heather Morgan, also pleaded guilty and will be sentenced soon. Authorities linked their arrests to laundering schemes involving fake identities and cryptocurrency exchanges. ### Meeting … Read more
November 11, 2024 at 07:41AM Roman Sterlingov, operator of Bitcoin Fog, was sentenced to 12.5 years in prison for laundering over $400 million through his cryptocurrency mixing service. He must repay nearly $400 million and forfeit assets. His service facilitated various crimes, highlighting the Justice Department’s commitment to combatting illegal money laundering operations. ### Meeting … Read more
November 9, 2024 at 01:12AM Roman Sterlingov, founder of the Bitcoin Fog cryptocurrency mixer, was sentenced to 12.5 years in prison for money laundering between 2011 and 2021. He must forfeit $395.56 million and his interest in a wallet holding 1,345 bitcoins. Bitcoin Fog laundered over $400 million for various cybercriminal activities. **Meeting Takeaways – … Read more