Remove 2024 Remove Cryptocurrency Remove Cybercrime
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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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Happy 15th Anniversary, KrebsOnSecurity!

Krebs on Security

Maybe it’s indelicate to celebrate the birthday of a cybercrime blog that mostly publishes bad news, but happily many of 2024’s most engrossing security stories were about bad things happening to bad guys. In case you missed any of them, here’s a recap of 2024’s most-read stories.

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US DoJ charges five alleged members of the Scattered Spider cybercrime gang

Security Affairs

Justice Department charged five suspects linked to the Scattered Spider cybercrime gang with wire fraud conspiracy. Justice Department charged five alleged members of the cybercrime gang Scattered Spider (also known as UNC3944 , 0ktapus ) with conspiracy to commit wire fraud. ” reads the press release published by DoJ. .

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A Day in the Life of a Prolific Voice Phishing Crew

Krebs on Security

KrebsOnSecurity recently told the saga of a cryptocurrency investor named Tony who was robbed of more than $4.7 million in cryptocurrencies from Tony was verify-trezor[.]io. Federal Communications Commission (FCC), as well as those working at the cryptocurrency exchanges Coinbase and Binance. Image: Shutterstock, iHaMoo.

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Feds Charge Five Men in ‘Scattered Spider’ Roundup

Krebs on Security

That Joeleoli moniker registered on the cybercrime forum OGusers in 2018 with the email address joelebruh@gmail.com , which also was used to register accounts at several websites for a Joel Evans from North Carolina. According to prosecutors, the group mainly sought to steal cryptocurrency from victim companies and their employees.

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Russian Phobos ransomware operator faces cybercrime charges

Security Affairs

Russian Phobos ransomware operator Evgenii Ptitsyn, accused of managing attacks, was extradited from South Korea to the US to face cybercrime charges. Russian Phobos ransomware operator Evgenii Ptitsyn, suspected of playing a key role in the ransomware operations, was extradited from South Korea to the US to face cybercrime charges.

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U.S. Sanctions Cloud Provider ‘Funnull’ as Top Source of ‘Pig Butchering’ Scams

Krebs on Security

“Americans lose billions of dollars annually to these cyber scams, with revenues generated from these crimes rising to record levels in 2024,” reads a statement from the U.S. In May 2024, KrebsOnSecurity published a deep dive on Stark Industries Solutions that found much of the malicious traffic traversing Starks network (e.g.

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