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Cryptocurrencies and cybercrime: A critical intermingling

Security Affairs

As cryptocurrencies have grown in popularity, there has also been growing concern about cybercrime involvement in this sector Cryptocurrencies have revolutionized the financial world, offering new investment opportunities and decentralized transactions.

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Moldovan citizen sentenced in connection with the E-Root cybercrime marketplace case

Security Affairs

US DoJ sentenced a Moldovan national (31) to 42 months in federal prison for operating the E-Root cybercrime marketplace. Diaconu was operating the E-Root cybercrime marketplace. ” The marketplace allowed buyers to pay using cryptocurrency exchange and online payment system Perfect Money.

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Phorpiex botnet sent millions of phishing emails to deliver LockBit Black ransomware

Security Affairs

Experts reported that since April, the Phorpiex botnet sent millions of phishing emails to spread LockBit Black ransomware. The ZIP archives contain a compressed executable payload that, if executed, will start the encryption process with LockBit Black ransomware. ” states the report published by the NJCCIC. 177 and 185[.]215[.]113[.]66.

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North Korea-linked threat actors stole $1.7 billion from cryptocurrency exchanges

Security Affairs

North Korea-linked threat actors are behind some of the largest cyberattacks against cryptocurrency exchanges. North Korea-linked APT groups are suspected to be behind some of the largest cyberattacks against cryptocurrency exchanges. billion (2 trillion won) worth of cryptocurrency from multiple exchanges during the past five years.

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Conti Ransomware Group Diaries, Part IV: Cryptocrime

Krebs on Security

Three stories here last week pored over several years’ worth of internal chat records stolen from the Conti ransomware group, the most profitable ransomware gang in operation today. This final post on the Conti conversations explores different schemes that Conti pursued to invest in and steal cryptocurrencies.

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French authorities arrested a Russian national for his role in the Hive ransomware operation

Security Affairs

French police arrested a Russian national who is suspected of laundering money resulting from the criminal activity of the Hive ransomware gang. The French authorities arrested in Paris a Russian national who is suspected of laundering criminal proceeds for the Hive ransomware gang. anti-cybercrime (Ofac).”

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Ukrainian REvil gang member sentenced to 13 years in prison

Security Affairs

The Ukrainian national, Yaroslav Vasinskyi (24), aka Rabotnik, has been sentenced to more than 13 years in prison and must pay $16 million in restitution for conducting numerous ransomware attacks and extorting victims. Vasinskyi is a REvil ransomware affiliate since at least March 1st, 2019. Vasinskyi was extradited to the U.S.