Category Archives: Liberty Reserve

U.S. Indicts 2 Top Russian Hackers, Sanctions Cryptex

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The United States today unveiled sanctions and indictments against the alleged proprietor of Joker’s Stash, a now-defunct cybercrime store that peddled tens of millions of payment cards stolen in some of the largest data breaches of the past decade. The government also indicted a top Russian cybercriminal known as Taleon, whose cryptocurrency exchange Cryptex has evolved into one of Russia’s most active money laundering networks. Continue reading U.S. Indicts 2 Top Russian Hackers, Sanctions Cryptex→

Giving a Face to the Malware Proxy Service ‘Faceless’

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For the past seven years, a malware-based proxy service known as “Faceless” has sold anonymity to countless cybercriminals. For less than a dollar per day, Faceless customers can route their malicious traffic through tens of thousands of compromised systems advertised on the service. In this post we’ll examine clues left behind over the past decade by the proprietor of Faceless, including some that may help put a face to the name. Continue reading Giving a Face to the Malware Proxy Service ‘Faceless’→

A Light at the End of Liberty Reserve’s Demise?

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In May 2013, the U.S. Justice Department seized Liberty Reserve, alleging the virtual currency service acted as a $6 billion financial hub for the cybercrime world. Prompted by assurances that the government would one day afford Liberty Reserve users a chance to reclaim any funds seized as part of the takedown, KrebsOnSecurity filed a claim shortly thereafter to see if and when this process might take place. This week, an investigator with the U.S. Internal Revenue service finally got in touch to discuss my claim. Continue reading A Light at the End of Liberty Reserve’s Demise?→

Founder of ‘Liberty Reserve’ Sentenced to 20 years in Prison

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In Brief
Arthur Budovsky, co-founder of popular digital currency business ‘Liberty Reserve’, was sentenced Friday to 20 years in prison for running a money laundering scheme for hackers, identity thieves, child pornographers and drug dealers around the… Continue reading Founder of ‘Liberty Reserve’ Sentenced to 20 years in Prison→