Collaborate Disseminate
The virtual currency exchange based in Washington state failed to catch more than 100,000 transactions from sanctioned regions.
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They pointed to the use of apps such as China-based Alipay and Russia-based Qiwi as a growing problem and a national security threat.
The post Alternative payment apps such as AliPay a boon for cybercriminals, experts tell Congress appeared first on CyberScoop.
The action from multiple U.S. departments is against 10 Iranians and two Iranian companies related to a spree of breaches and cyberattacks.
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Sanctions against the cryptocurrency mixer have ignited concern from industry stakeholders, privacy advocates and legal experts.
The post Why Tornado Cash sanctions are drawing fierce criticism, potential court challenge from crypto group appeared first on CyberScoop.
Mixers aren’t solely used by criminals, but they are extremely popular with them.
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Continue reading Cryptocurrency ‘mixers’ see record transactions from sanctioned actors
The ransomware has previously received little public scrutiny.
The post FBI, CISA, Treasury: North Korean hackers taking aim at health care with Maui ransomware appeared first on CyberScoop.
Blender was used to launder $20.5 million of the $620 million which the Department of Treasury alleges North Korean hackers stole in March.
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Continue reading Treasury sanctions virtual currency mixer Blender for money laundering
“By operating vast server farms that sell virtual currency mining capacity internationally, these companies help Russia monetize its natural resources,” the Treasury Department said in a statement.
The post In a first, Treasury Department sanctions major cryptocurrency mining firm appeared first on CyberScoop.
Continue reading In a first, Treasury Department sanctions major cryptocurrency mining firm
The address received $600 million in Ethereum and other digital currency during the March attack, crypto-tracking company Chainalysis said.
The post Treasury updates Lazarus Group sanctions with digital currency address linked to Ronin Bridge hack appeared first on CyberScoop.
Virgil Griffith went to the DPRK to talk about crypto. The DOJ said he helped the country learn a new way to bypass sanctions and launder money. Continue reading Ethereum Programmer Jailed for North Korea Trip Wanted to Clone Dogs, Become ‘Crypto Hero’