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How Cryptocurrency Turns to Cash in Russian Banks

Krebs on Security

A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. A machine-translated version of Flymoney, one of dozens of cryptocurrency exchanges apparently nested at Cryptomus.

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U.S. Offered $10M for Hacker Just Arrested by Russia

Krebs on Security

In January 2022, KrebsOnSecurity identified a Russian man named Mikhail Matveev as “ Wazawaka ,” a cybercriminal who was deeply involved in the formation and operation of multiple ransomware groups. government indicted Matveev as a top ransomware purveyor a year later, offering $10 million for information leading to his arrest.

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Feds Charge Five Men in ‘Scattered Spider’ Roundup

Krebs on Security

In August 2022, multiple security firms gained access to the server that was receiving data from that Telegram bot, which on several occasions leaked the Telegram ID and handle of its developer, who used the nickname “ Joeleoli.” The group then used their access to Twilio to attack at least 163 of its customers.

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Bitfinex hacker Ilya Lichtenstein was sentenced to 5 years in prison

Security Affairs

. “Ilya Lichtenstein was sentenced today to five years in prison for his involvement in a money laundering conspiracy arising from the hack and theft of approximately 120,000 bitcoin from Bitfinex, a global cryptocurrency exchange.” Billion in stolen cryptocurrency stolen during the 2016 hack of Bitfinex.

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Alleged Co-Founder of Garantex Arrested in India

Krebs on Security

Authorities in India today arrested the alleged co-founder of Garantex , a cryptocurrency exchange sanctioned by the U.S. government in 2022 for facilitating tens of billions of dollars in money laundering by transnational criminal and cybercriminal organizations. Launched in 2019, Garantex was first sanctioned by the U.S.

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An Interview With the Target & Home Depot Hacker

Krebs on Security

net that paid people to click on ads for Russian government employment opportunities. Hydra trafficked in illegal drugs and financial services, including cryptocurrency tumbling for money laundering, exchange services between cryptocurrency and Russian rubles, and the sale of falsified documents and hacking services.

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Feds seized $23 million in crypto stolen using keys from LastPass breaches

Security Affairs

authorities seized $23M in crypto linked to a $150M Ripple wallet theft, experts believe the incident is linked to the 2022 LastPass breach. authorities seized $23M in crypto tied to a $150M Ripple hack, suspected to have been carried out by hackers from the 2022 LastPass breach. ” reads the complaint. ” However.