Wednesday, November 6, 2024
HomeCyber AttackFBI Seizes 9 Virtual Currency Exchange Services to Block Ransom Payments

FBI Seizes 9 Virtual Currency Exchange Services to Block Ransom Payments

Published on

Malware protection

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,

- Advertisement - SIEM as a Service
  • 24xbtc.com
  • 100btc.pro
  • pridechange.com
  • 101crypta.com
  • uxbtc.com
  • trust-exchange.org
  • bitcoin24.exchange
  • paybtc.pro
  • owl.gold

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

Balaji
Balaji
BALAJI is an Ex-Security Researcher (Threat Research Labs) at Comodo Cybersecurity. Editor-in-Chief & Co-Founder - Cyber Security News & GBHackers On Security.

Latest articles

Researchers Detailed Credential Abuse Cycle

The United States Department of Justice has unsealed an indictment against Anonymous Sudan, a...

Rise Of Ransomware-As-A-Service Leads To Decline Of Custom Tools

Ransomware-as-a-Service (RaaS) platforms have revolutionized the ransomware market.Unlike traditional standalone ransomware sales, RaaS...

North Korean Hackers Employing New Tactic To Acruire Remote Jobs

North Korean threat actors behind the Contagious Interview and WageMole campaigns have refined their...

CRON#TRAP Campaign Attacks Windows Machine With Weaponized Linux Virtual Machine

Weaponized Linux virtual machines are used for offensive cybersecurity purposes, such as "penetration testing"...

Free Webinar

Protect Websites & APIs from Malware Attack

Malware targeting customer-facing websites and API applications poses significant risks, including compliance violations, defacements, and even blacklisting.

Join us for an insightful webinar featuring Vivek Gopalan, VP of Products at Indusface, as he shares effective strategies for safeguarding websites and APIs against malware.

Discussion points

Scan DOM, internal links, and JavaScript libraries for hidden malware.
Detect website defacements in real time.
Protect your brand by monitoring for potential blacklisting.
Prevent malware from infiltrating your server and cloud infrastructure.

More like this

Researchers Detailed Credential Abuse Cycle

The United States Department of Justice has unsealed an indictment against Anonymous Sudan, a...

Rise Of Ransomware-As-A-Service Leads To Decline Of Custom Tools

Ransomware-as-a-Service (RaaS) platforms have revolutionized the ransomware market.Unlike traditional standalone ransomware sales, RaaS...

North Korean Hackers Employing New Tactic To Acruire Remote Jobs

North Korean threat actors behind the Contagious Interview and WageMole campaigns have refined their...