Collaborate Disseminate
Three Americans were charged this week with stealing more than $400 million in a November 2022 SIM-swapping attack. The U.S. government did not name the victim organization, but there is every indication that the money was stolen from the now-defunct cryptocurrency exchange FTX, which had just filed for bankruptcy on that same day. Continue reading Arrests in $400M SIM-Swap Tied to Heist at FTX?
Two new dark web services are marketing to cybercriminals who are curious to see how their various cryptocurrency holdings and transactions may be linked to known criminal activity. Dubbed “Antinalysis” and “AMLBot,” the services purport to offer a glimpse into how one’s payment activity might be flagged by law enforcement agencies and private companies that try to link suspicious cryptocurrency transactions to real people. Continue reading New Anti Anti-Money Laundering Services for Crooks
The U.S. Department of Justice said today it has recovered $2.3 million worth of Bitcoin that Colonial Pipeline paid to ransomware extortionists last month. The funds had been sent to DarkSide, a ransomware-as-a-service syndicate that disbanded after a May 14 farewell message to affiliates saying its Internet servers and cryptocurrency stash were seized by unknown law enforcement entities. Continue reading Justice Dept. Claws Back $2.3M Paid by Colonial Pipeline to Ransomware Gang
If bitcoin is a roller coaster ride with dizzying heights and rapid drops, one thing is clear: The original cryptocurrency carnival keeps attracting new riders. The price is up, trade volume is rising and new money buys in daily. As a result, the business of bitcoin surveillance is booming. Governments are just barely coming to terms with how bitcoin works, but they want track newer cryptocurrencies like Monero and Zcash that were designed for anonymity beyond what’s available with bitcoin. Elliptic, a United Kingdom-based financial technology startup, launched with one basic goal: Trace bitcoins, identify illegal activity and sell ongoing visibility to governments and private companies to track the currency’s movement. This is possible because bitcoin is inherently transparent, with every unique transaction published on a public ledger, known as the blockchain, that anyone can access. Successfully analyzing the blockchain has become big business. Police use Elliptic’s technology to investigate crime. […]
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Continue reading As cryptocurrencies grow, so does the demand to track their users