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

Krebs on Security

government today imposed economic sanctions on Funnull Technology Inc. , Pig butchering is a rampant form of fraud wherein people are lured by flirtatious strangers online into investing in fraudulent cryptocurrency trading platforms. Image: Shutterstock, ArtHead.

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Crooked Cops, Stolen Laptops & the Ghost of UGNazi

Krebs on Security

A California man accused of failing to pay taxes on tens of millions of dollars allegedly earned from cybercrime also paid local police officers hundreds of thousands of dollars to help him extort, intimidate and silence rivals and former business partners, the government alleges. cryptocurrency holdings online. attorney general.

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U.S. Indicts 2 Top Russian Hackers, Sanctions Cryptex

Krebs on Security

The government also indicted and sanctioned a top Russian cybercriminal known as Taleon , whose cryptocurrency exchange Cryptex has evolved into one of Russia’s most active money laundering networks. Holden has long maintained visibility into cryptocurrency transactions made by BriansClub.

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Lamborghini Carjackers Lured by $243M Cyberheist

Krebs on Security

The parents of a 19-year-old Connecticut honors student accused of taking part in a $243 million cryptocurrency heist in August were carjacked a week later — while out house-hunting in a brand new Lamborghini. ’s son was loaded with cryptocurrency? ” What made the Miami men so convinced R.C.

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Two U.S. Men Charged in 2022 Hacking of DEA Portal

Krebs on Security

Both are alleged to be part of a larger criminal organization that specializes in using fake emergency data requests from compromised police and government email accounts to publicly threaten and extort their victims. The government alleges that on May 7, 2022, Singh used stolen credentials to log into a U.S.

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