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Bitcoin Fog Founder Sentenced to 12 Years for Cryptocurrency Money Laundering

The Hacker News

The 36-year-old founder of the Bitcoin Fog cryptocurrency mixer has been sentenced to 12 years and six months in prison for facilitating money laundering activities between 2011 and 2021.

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Identifying the Person Behind Bitcoin Fog

Schneier on Security

The complaint outlines how Sterlingov allegedly paid for the server hosting of Bitcoin Fog at one point in 2011 using the now-defunct digital currency Liberty Reserve.

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Will cryptocurrency mining soon saturate AWS, Microsoft Azure and Google Cloud?

The Last Watchdog

Cryptojacking, as defined by the Federal Trade Commission , is the use of JavaScript code to capture cryptocurrencies in users’ browsers without asking permission. LW: So cryptocurrency got discovered as the ideal payment vehicle for ransomware. In 2011, total cryptocurrency value was about $10 billion. Bilogorskiy.

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Russian Operator of BTC-e Crypto Exchange Pleads Guilty to Money Laundering

The Hacker News

A Russian operator of a now-dismantled BTC-e cryptocurrency exchange has pleaded guilty to money laundering charges from 2011 to 2017. Alexander Vinnik, 44, was charged in January 2017 and taken into custody in Greece in July 2017. He was subsequently extradited to the U.S. in August 2022.

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Blockchain security companies tackle cryptocurrency theft, ransom tracing

CSO Magazine

According to data from the Rekt leaderboard , cybercriminals have stolen as much as $3 billion of investor funds through 141 various cryptocurrency exploits since January, putting 2022 on track to top 2021 levels of digital currency malfeasance. Comparitech’s cryptocurrency heists tracker indicates that since 2011, hackers have stolen $7.9

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A man faces up to 25 years in prison for his role in operating unlicensed crypto exchange BTC-e

Security Affairs

A Belarusian and Cypriot national linked with the cryptocurrency exchange BTC-e is facing charges that can lead maximum penalty of 25 years in prison. “According to the indictment, between 2011 and July 2017, Aliaksandr Klimenka, 42, allegedly controlled BTC-e, a digital currency exchange, with Alexander Vinnik and others.”

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How Did Authorities Identify the Alleged Lockbit Boss?

Krebs on Security

NEROWOLFE A search on the ICQ number 669316 at Intel 471 shows that in April 2011, a user by the name NeroWolfe joined the Russian cybercrime forum Zloy using the email address d.horoshev@gmail.com , and from an Internet address in Voronezh, RU. 2011 said he was a system administrator and C++ coder.