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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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Perfectl Malware

Schneier on Security

The researchers are calling the malware Perfctl, the name of a malicious component that surreptitiously mines cryptocurrency. Besides using the machine resources to mine cryptocurrency, Perfctl also turns the machine into a profit-making proxy that paying customers use to relay their Internet traffic.

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

Krebs on Security

government indicted Matveev as a top ransomware purveyor a year later, offering $10 million for information leading to his arrest. Last week, the Russian government reportedly arrested Matveev and charged him with creating malware used to extort companies. government’s “Wanted” poster for him.

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Feds Charge Five Men in ‘Scattered Spider’ Roundup

Krebs on Security

According to prosecutors, the group mainly sought to steal cryptocurrency from victim companies and their employees. Those accounts state that the intruders assaulted Tylerb’s mother in the home invasion, and that they threatened to burn him with a blowtorch if he didn’t give up the keys to his cryptocurrency wallets.

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Hackers Exploit Zoom's Remote Control Feature in Cryptocurrency Heists

SecureWorld News

A sophisticated cybercrime campaign, dubbed Elusive Comet , has been uncovered, in which North Korean threat actors are exploiting Zoom's remote control feature to infiltrate the systems of cryptocurrency professionals. The research behind the discovery was released by Security Alliance , which tracked and analyzed the campaign.

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FBI: Spike in Hacked Police Emails, Fake Subpoenas

Krebs on Security

The Federal Bureau of Investigation (FBI) is urging police departments and governments worldwide to beef up security around their email systems, citing a recent increase in cybercriminal services that use hacked police email accounts to send unauthorized subpoenas and customer data requests to U.S.-based based technology companies.

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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.