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Also: Zcash Patches Flaw, $32M Humanity Protocol HackThis week, a key player in a $97M laundering scheme got prison time, Humanity Protocol suffered $32M in losses, Zcash patched a flaw, the EU targeted crypto platforms tied to Russia, authorities froze $3.8M in illicit funds and researchers exposed a Trezor chip weakness.

If you wanted to hurt Putin’s ransomware racketeers, these info-stealing npm packages are one way to do it Researchers at software supply chain security outfit Safety think they’ve found malware that targets Russian cryptocurrency developers, and perhaps therefore Russia’s state-linked ransomware crews…

Krebs on Security 1 year, 7 months ago

How Cryptocurrency Turns to Cash in Russian Banks

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. Meanwhile, an investigation into the Vancouver street address used by this company shows it is home to dozens of foreign currency dealers, money transfer businesses, and cryptocurrency exchanges -- none of which are physically located there.

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

Smells like Russian miscreants A type of cryptomining malware targeting Linux-based systems has added capabilities by incorporating an open source remote access trojan called Chaos RAT with several advanced functions that bad guys can use to control remote operating systems.…