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 22, 2024 at 10:18AM A Chinese crime syndicate, linked to money laundering and human trafficking in Southeast Asia, operates an advanced technology suite for cybercrime. The suite includes DNS configurations, website hosting, payment mechanisms, and more, catering to illegal gambling operations and pig butchering scams. The syndicate, operating under various aliases, sponsors sports clubs … Read more
July 22, 2024 at 09:11AM A Chinese crime syndicate, Yabo Sports, operates illegal gambling platforms hidden behind shell companies with connections in European soccer. The syndicate has multimillion-dollar partnerships with major clubs and uses modern-day slaves to staff its gambling empire. Vigorish Viper technology conceals its operations, drawing in gamblers who then become slaves. The … Read more
July 19, 2024 at 02:07AM Indian crypto exchange WazirX disclosed the loss of over $230 million in virtual assets in a cyber attack attributed to North Korea. The attack exploited a vulnerability to gain control of a multi-signature wallet. WazirX halted crypto withdrawals and initiated recovery efforts. Blockchain analytics firms suspect the stolen assets are … Read more
July 17, 2024 at 09:00AM Interpol’s Operation Jackal III targeted West African criminal networks and resulted in the arrest of 300 individuals, seizure of $3 million, and the freezing of 720 bank accounts. The operation aimed to combat online financial fraud and syndicates operating globally. Notably, the Black Axe group, involved in various criminal activities, … Read more
July 11, 2024 at 06:55PM In 2023, the cryptocurrency industry saw a surge in cybercrime, with ransomware attacks, money laundering, and stolen funds being prevalent. Despite a decrease in money laundering, the value of stolen funds decreased, and cryptocurrency scams remained significant. Darknet markets showed signs of recovery but didn’t reach previous revenue levels. Vigilance … 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
June 25, 2024 at 12:03AM Four Vietnamese nationals linked to the FIN9 cybercrime group have been indicted in the U.S. for orchestrating computer intrusions causing over $71 million in losses to companies. They are accused of conducting phishing campaigns and using stolen information for criminal activities. This comes amid global efforts to combat cybercrime. From … Read more
June 24, 2024 at 01:38PM Four Vietnamese nationals linked to the cybercrime group FIN9 have been indicted for causing over $71 million in losses to U.S. companies. The defendants carried out cybercrimes from May 2018 to October 2021, using phishing campaigns and supply chain attacks to steal data and funds. They face multiple charges, with … Read more