January 15, 2024 at 04:19PM The U.S. Secret Service executed a seizure warrant to recover $34,000 stolen through a fake antivirus renewal email scam. The court document details how threat actors gained access to victims’ accounts by tricking them into installing malicious software and disclosing account credentials. The scam’s intensity has recently increased, leading to … Read more
December 20, 2023 at 04:03AM The international police operation HAECHI-IV led to the arrests of 3,500 individuals in 34 countries, targeting financial crimes including voice phishing, romance scams, and investment fraud, and seizing $300 million. Authorities also froze 82,112 suspicious bank accounts, confiscating $199 million in hard currency and $101 million in virtual assets. Novel … Read more
December 18, 2023 at 07:52AM Four U.S. nationals have been charged with a cryptocurrency investment scam, earning over $80 million through various illicit activities. The scheme involved pig butchering scams and shell companies, resulting in significant financial losses for victims. This reflects a concerning trend of increasing cryptocurrency investment scams, as reported by the FBI. … Read more
December 14, 2023 at 02:54PM Four suspects, including residents of California and Illinois, have been charged by the U.S. Department of Justice in a pig butchering fraud scheme, leading to over $80 million in losses for victims. They are accused of money laundering and operating shell companies to launder profits from cryptocurrency scams, ultimately siphoning … Read more
December 8, 2023 at 01:06AM Anatoly Legkodymov, the Russian founder of Bitzlato exchange, has pleaded guilty to operating an unlicensed money-transmitting service used for laundering criminal funds. He could face a five-year prison sentence. Bitzlato, linked to the darknet market Hydra, processed over $2.5 billion, with lax KYC measures. Key Takeaways from Meeting Notes on … Read more
November 21, 2023 at 08:11PM Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao have pleaded guilty to multiple financial crimes. As a result, Binance will pay $10 billion in fines and settlements to the US Department of Justice. The crimes include failure to register as a money services business, violating anti-money laundering … Read more
November 6, 2023 at 03:24PM The US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Ekaterina Zhdanova for her involvement in moving and laundering virtual currency on behalf of Russian elites restricted from accessing western financial markets. Zhdanova aided in transferring $2.3 million into Western Europe through fraudulent means and helped individuals connected to the … Read more
November 6, 2023 at 12:26PM The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Russian national Ekaterina Zhdanova for laundering millions of cryptocurrency for ransomware actors and Russian oligarchs. Zhdanova utilized her knowledge of cryptocurrency and blockchain networks to evade anti-money laundering controls. She also facilitated the transfer of large … Read more
November 6, 2023 at 11:20AM Ekaterina Zhdanova, a Russian woman, has been added to the US Treasury’s Specially Designated Nationals And Blocked Persons list for her alleged involvement in money laundering activities on behalf of oligarchs and ransomware criminals. She is accused of moving funds for the Ryuk ransomware operation and helping wealthy individuals hide … Read more
November 6, 2023 at 09:00AM The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against Ekaterina Zhdanova, a Russian national involved in money laundering for ransomware affiliates and Russian elites. Zhdanova used various methods, including virtual currency exchange transfers, fraudulent accounts and purchases, and connections to international money launderers. … Read more