money laundering

Pierluigi Paganini October 08, 2023
North Korea-linked Lazarus APT laundered over $900 million through cross-chain crime

North Korea-linked APT group Lazarus has laundered $900 million worth of cryptocurrency, Elliptic researchers reported. Researchers from blockchain analytics firm Elliptic reported that threat actors has already laundered a record $7 billion through cross-chain crime.  The term “Cross-chain crime” is used to refer to the swapping of cryptoassets between different tokens or blockchains to launder […]

Pierluigi Paganini May 02, 2023
FBI and Ukrainian police seized 9 crypto exchanges used by cybercriminals

A joint operation conducted by the FBI and Ukrainian police seized 9 crypto exchanges used by cybercriminal groups for money laundering. The Cyber ​​Police Department together with the Main Investigative Department of the National Police, the Office of the Prosecutor General of Ukraine and in cooperation with the FBI conducted an international operation that seized […]

Pierluigi Paganini April 19, 2023
Russian national sentenced to time served for committing money laundering for the Ryuk ransomware operation

Russian national Denis Mihaqlovic Dubnikov has been sentenced to time served for committing money laundering for the Ryuk ransomware operation. Russian national Denis Dubnikov (30) has been sentenced to time served for committing money laundering for the Ryuk ransomware group. The man was also ordered to pay $2,000 in restitution.   On February 7, 2023, Dubnikov pleaded […]

Pierluigi Paganini May 07, 2022
US gov sanctions cryptocurrency mixer Blender also used by North Korea-linked Lazarus APT

The U.S. Department of Treasury sanctioned cryptocurrency mixer Blender.io used by North Korea-linked Lazarus APT. The U.S. Department of Treasury sanctioned the cryptocurrency mixer Blender.io used by the North Korea-linked Lazarus APT to launder the funds stolen from Axie Infinity’s Ronin bridge. This is the first time ever, Treasury is sanctioning a virtual currency mixer. […]

Pierluigi Paganini January 31, 2022
DeepDotWeb admin sentenced to 97 months in prison for money laundering scheme

The administrator of the DeepDotWeb (DDW) has received a sentence of 97 months in prison for money laundering. Tal Prihar (37), an Israeli national who operated DeepDotWeb (DDW), was sentenced to 97 months in prison and was ordered to forfeit $8,414,173. DeepDotWeb (DDW) was a website that connected internet users with Darknet marketplaces, where they […]

Pierluigi Paganini December 02, 2021
Europol arrested 1800 money mules as part of an anti-money-laundering operation

Europol identified 18,351 money mules and arrested 1,803 of them as part of an international anti-money-laundering operation codenamed EMMA 7. Europol has identified 18,351 money mules and arrested 1,803 of them as part of an international anti-money-laundering operation codenamed EMMA 7. The operation is the result of a joint effort of 27 countries, Eurojust, INTERPOL, […]

Pierluigi Paganini May 15, 2021
European police dismantle major online investment fraud ring that causes €30 Million in losses

A joint operation of European law enforcement agencies and coordinated by Europol dismantled a criminal ring involved in investment fraud. A joint investigation of European law enforcement agencies supported by Europol and Eurojust dismantled a large criminal network involved in investment fraud and money laundering. The operation, led by Germany, involved authorities from Bulgaria, Israel, Latvia, […]

Pierluigi Paganini April 01, 2021
DeepDotWeb admin pleads guilty to money laundering conspiracy

One of the administrators for the DeepDotWeb dark web portal pleads guilty to receiving kickbacks from the operators of the marketplaces. One of the administrators for the DeepDotWeb dark web portal, Tal Prihar (37), pleads guilty to receiving kickbacks from the operators of the marketplaces for the sale of illegals products. Tal Prihar is a […]

Pierluigi Paganini January 07, 2021
Ryuk ransomware operations already made over $150M

The Ryuk ransomware had a disruptive impact on multiple industries around the world, operators already earned more than $150 million. The Ryuk ransomware gang is one of the most prolific criminal operations that caused destruction in multiple industries around the world. According to a joint report published by security firms Advanced-intel and HYAS, Ryuk operators […]

Pierluigi Paganini December 08, 2020
Russian Alexander Vinnik sentenced in Paris to five years in prison for money laundering

Russian citizen Alexander Vinnik was sentenced in Paris to five years in prison for money laundering and ordered to pay 100,000 euros in fines. Russian citizen Alexander Vinnik was sentenced in Paris to five years in prison for money laundering and ordered to pay 100,000 euros in fines. The man went on trial in Paris for having […]