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US Treasury FinCEN linked $5.2 billion in BTC transactions to ransomware payments

Security Affairs

billion worth of Bitcoin transactions to ransomware. billion worth of Bitcoin transactions likely associated with operations of top 10 most commonly reported ransomware variants. Studying data generated from ransomware-related SARs, the mean average total monthly suspicious amount of ransomware transactions was $66.4

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Will cryptocurrency mining soon saturate AWS, Microsoft Azure and Google Cloud?

The Last Watchdog

Cryptojacking, as defined by the Federal Trade Commission , is the use of JavaScript code to capture cryptocurrencies in users’ browsers without asking permission. Related: Why cryptojacking is more insidious than ransomware. LW: So cryptocurrency got discovered as the ideal payment vehicle for ransomware.

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Alexander Vinnik, the operator of BTC-e exchange, pleaded guilty to money laundering

Security Affairs

Alexander Vinnik , a Russian national, pleaded guilty to conspiracy to commit money laundering for his involvement in operating the cryptocurrency exchange BTC-e from 2011 to 2017. charged Aliaksandr Klimenka, a Belarusian and Cypriot national linked with the cryptocurrency exchange BTC-e. reported the Associated Press.

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The Origins and History of the Dark Web

Identity IQ

Transactions on the dark web are typically conducted using cryptocurrencies such as Bitcoin to maintain anonymity. Transactions on the dark web are often carried out with Bitcoin or other cryptocurrencies, which are unregulated and difficult to trace back to the user. From 2011 to 2013, the Silk Road hosted 1.2 billion in value.

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Alexander Vinnik, the popular cyber criminal goes on trial in Paris

Security Affairs

The Russian citizen Alexander Vinnik goes on trial in Paris for having defrauded nearly 200 victims across the world of 135 million euros using ransomware. The Russian man Alexander Vinnik goes on trial in Paris for having defrauded nearly 200 victims across the world of 135M euros using ransomware. million withdrawn.

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Russian Alexander Vinnik sentenced in Paris to five years in prison for money laundering

Security Affairs

The man went on trial in Paris for having defrauded nearly 200 victims across the world of 135M euros using ransomware. In 2017, Greek Police arrested the Russian national Alexander Vinnik and they accused the man of running the BTC-e Bitcoin exchange to launder more than US$4bn worth of the cryptocurrency. million withdrawn.

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How Did Authorities Identify the Alleged Lockbit Boss?

Krebs on Security

and Australia in sanctioning and charging a Russian man named Dmitry Yuryevich Khoroshev as the leader of the infamous LockBit ransomware group. 2011 said he was a system administrator and C++ coder. ” In an October 2013 discussion on the cybercrime forum Exploit , NeroWolfe weighed in on the karmic ramifications of ransomware.