Wednesday, April 17, 2024

FBI Seizes 9 Virtual Currency Exchange Services to Block Ransom Payments

The FBI has reportedly shut down 9 Virtual Currency Exchange services belonging to organizations to prevent cyber criminals from laundering their money.

These exchange services were used by threat actors who received ransom payments through criminal activities.

These organizations were knowingly supporting cybercrime activities and were supporting all kinds of threat actors. The domain names that were seized by authorities are as follows,


Virtual Exchanges are non-compliant if they have a lax anti-money laundering program or do not collect users’ enough KYC (Know Your Customer) information.

As stated by the FBI, These kinds of services operating in the cybercrime ecosystem are in violation of Title 18 United States Code, Sections 1960 and 1956.

In addition, these kinds of illegal currency exchanges are advertised online to get more and more cybercriminals to use their platform, resulting in an enormous revenue generation.

Most of these platforms were a playground for threat actors responsible for ransomware, scamming, and phishing campaigns. These services were offered in both Russian and English Speaking Countries.

The FBI has been investigating this issue further and will put up a seizure banner for these websites to inform visitors about their actions.

Running a money service business without an operating license and helping with money laundering is a federal crime.

Struggling to Apply The Security Patch in Your System? – 
Try All-in-One Patch Manager Plus


Latest articles

Trustifi’s Email Security Awareness Training – Empowering MSPs to Train & Protect Clients

In today's digital landscape, email security has become a critical concern for businesses of...

Personal Data Exposed in Massive Global Hack: Understanding the Implications & Guarding Privacy- Axios Security Group

In a digital age where information is the new currency, the recent global hack...

Ex-Security Engineer Jailed For Hacking Decentralized Cryptocurrency Exchanges

Ahmed exploited a vulnerability in a decentralized cryptocurrency exchange's smart contract by injecting fabricated...

Omni Hotels & Resorts Hack: Attackers have Stolen Customer Information

Omni Hotels & Resorts has revealed that it was the target of a recent...

Connect:fun Attacking Organizations Running Fortinet’s FortiClient EMS

A new exploit campaign has emerged, targeting organizations that utilize Fortinet’s FortiClient EMS.Dubbed...

TA558 Hackers Compromised 320+ Organizations’ FTP & SMTP Servers

TA558, a financially motivated threat actor identified in 2018, is targeting several countries but...

Blackjack Hackers Destroyed 87,000 Sensors Using Lethal ICS Malware

A group of cybercriminals known as "Blackjack" has launched a devastating attack on industrial...
BALAJI is an Ex-Security Researcher (Threat Research Labs) at Comodo Cybersecurity. Editor-in-Chief & Co-Founder - Cyber Security News & GBHackers On Security.

Top 3 SME Attack Vectors

Securing the Top 3 SME Attack Vectors

Cybercriminals are laying siege to small-to-medium enterprises (SMEs) across sectors. 73% of SMEs know they were breached in 2023. The real rate could be closer to 100%.

  • Stolen credentials
  • Phishing
  • Exploitation of vulnerabilities

Related Articles