May 01, 2024NewsroomFinancial Crime / Forensic Analysis A forensic analysis of a graph dataset containing transactions on the Bitcoin blockchain has revealed clusters associated with illicit activity and money laundering, including detecting criminal proceeds sent to a crypto exchange and previously unknown wallets belonging to a Russian darknet market. The findings come from … [Read more...] about Bitcoin Forensic Analysis Uncovers Money Laundering Clusters and Criminal Proceeds
Laundering
How Cybercriminals are Exploiting India’s UPI for Money Laundering Operations
Cybercriminals are using a network of hired money mules in India using an Android-based application to orchestrate a massive money laundering scheme. The malicious application, called XHelper, is a "key tool for onboarding and managing these money mules," CloudSEK researchers Sparsh Kulshrestha, Abhishek Mathew, and Santripti Bhujel said in a report. Details about the scam … [Read more...] about How Cybercriminals are Exploiting India’s UPI for Money Laundering Operations
DeepDotWeb Admin Pleads Guilty to Money Laundering Charges
The U.S. Department of Justice (DoJ) on Wednesday said that an Israeli national pleaded guilty for his role as an "administrator" of a portal called DeepDotWeb (DDW), a "news" website that "served as a gateway to numerous dark web marketplaces." According to the unsealed court documents, Tal Prihar, 37, an Israeli citizen residing in Brazil, operated DDW alongside Michael Phan, … [Read more...] about DeepDotWeb Admin Pleads Guilty to Money Laundering Charges