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As much as $7 billion in cryptocurrency has been illicitly laundered through cross-chain crime, with the North Korea-linked Lazarus Group linked to the theft of roughly $900 million of those proceeds between July 2022 and July of this year. "As traditional entities such as  mixers  continue to be subject to seizures and sanctions scrutiny, the crypto crime displacement to chain- or asset-hopping typologies is also on the rise," blockchain analytics firm Elliptic  said  in a new report published this week. Cross-chain crime refers to the conversion of crypto assets from one token or blockchain to another, often in rapid succession, in an attempt to obfuscate their origin, making it a lucrative method for money laundering for crypto thefts and an alternative to traditional approaches like mixers. According to data gathered by Elliptic, the Lazarus Group's use of cross-chain bridges contributed to a majority of the 111% increase in the proportion of funds sent via such s

The Classiscam scam-as-a-service program has reaped the criminal actors $64.5 million in illicit earnings since its emergence in 2019. "Classiscam campaigns initially started out on classified sites, on which scammers placed fake advertisements and used social engineering techniques to convince users to pay for goods by transferring money to bank cards," Group-IB  said  in a new report. "Since then, Classiscam campaigns have become highly automated, and can be run on a host of other services, such as online marketplaces and carpooling sites." A majority of victims are based in Europe (62.2%), followed by the Middle East and Africa (18.2%), and the Asia-Pacific (13%). Germany, Poland, Spain, Italy, and Romania accounted for the highest number of fraudulent transactions registered in Classiscam chats.  First discovered in 2019, Classiscam is an  umbrella term  for an operation that encompasses 1,366 distinct groups on Telegram. The activities first targeted Russi

A coordinated law enforcement effort codenamed  Operation Duck Hunt  has felled  QakBot , a notorious Windows malware family that's estimated to have compromised over 700,000 computers globally and facilitated financial fraud as well as ransomware. To that end, the U.S. Justice Department (DoJ)  said  the malware is "being deleted from victim computers, preventing it from doing any more harm," adding it seized more than $8.6 million in cryptocurrency in illicit profits. The cross-border exercise involved the participation of France, Germany, Latvia, Romania, the Netherlands, the U.K., and the U.S., alongside technical assistance from cybersecurity company Zscaler. The dismantling has been hailed as "the largest U.S.-led financial and technical disruption of a botnet infrastructure leveraged by cybercriminals." No arrests were announced. QakBot, also known as QBot and Pinkslipbot, started its life as a banking trojan in 2007 before morphing into a general-pu

Two U.K. teenagers have been convicted by a jury in London for being part of the notorious LAPSUS$ (aka Slippy Spider) transnational gang and for orchestrating a series of brazen, high-profile hacks against major tech firms and demanding a ransom in exchange for not leaking the stolen information. This includes Arion Kurtaj (aka White, Breachbase, WhiteDoxbin, and TeaPotUberHacker), an 18-year-old from Oxford, and an unnamed minor, who began collaborating in July 2021 after having met online, BBC  reported  this week. Both the defendants were initially arrested and released under investigation in January 2022, only to be  re-arrested and charged  by the City of London Police in April 2022. Kurtaj was subsequently granted bail and moved to a hotel in Bicester after he was doxxed in an online cybercrime forum. He, however, continued his hacking spree, targeting companies like  Uber ,  Revolut , and  Rockstar Games , as a result of which he was  arrested again  in September. Another a

The U.S. Justice Department (DoJ) on Wednesday  unsealed an indictment  against two founders of the now-sanctioned Tornado Cash cryptocurrency mixer service, charging them with laundering more than $1 billion in criminal proceeds. Both the individuals, Roman Storm and Roman Semenov, have been charged with conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money-transmitting business. Storm, 34, is said to have been arrested in the U.S. state of Washington. Semenov, 35, remains at large in Dubai. They are alleged to have "made millions of dollars in profits" from promoting and operating the service. Tornado Cash is estimated to have processed upwards of $7 billion worth of crypto assets over a period of three years. In a related move, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned  Semenov and  eight cryptocurrency addresses  connected to him, days after a U.S. cou

The U.S. Federal Bureau of Investigation (FBI) on Tuesday warned that threat actors affiliated with North Korea may attempt to cash out stolen cryptocurrency worth more than $40 million. The law enforcement agency  attributed  the blockchain activity to an adversary the U.S. government tracks as TraderTraitor, which is also known by the name Jade Sleet. An investigation undertaken by the FBI found that the group moved approximately 1,580 bitcoin from several cryptocurrency heists over the past 24 hours and are currently said to be holding those funds in six different wallets. North Korea is known to blur the lines among cyber warfare, espionage, and financial crime.  TraderTraitor , in particular, has been linked to a string of attacks targeting blockchain and cryptocurrency exchanges with the goal of plundering digital assets to generate illicit revenue for the sanctions-hit nation. This includes the $60 million theft of virtual currency from Alphapo on June 22, 2023; the $37 m

A Syrian threat actor named  EVLF  has been outed as the creator of malware families CypherRAT and CraxsRAT. "These RATs are designed to allow an attacker to remotely perform real-time actions and control the victim device's camera, location, and microphone," Cybersecurity firm Cyfirma  said  in a report published last week. CypherRAT and CraxsRAT are said to be offered to other cybercriminals as part of a malware-as-a-service (MaaS) scheme. As many as 100 unique threat actors are estimated to have purchased the twin tools on a lifetime license over the past three years. EVLF is said to be operating a web shop to advertise their warez since at least September 2022. CraxsRAT is billed as an Android trojan that enables a threat actor to remote control an infected device from a Windows computer, with the developer consistently releasing new updates based on feedback from the customers. The malicious package is generated using a builder, which comes with options to cus

A coordinated law enforcement operation across 25 African countries has led to the arrest of 14 suspected cybercriminals, INTERPOL  announced  Friday. The exercise, conducted in partnership with AFRIPOL, enabled investigators to identify 20,674 cyber networks that were linked to financial losses of more than $40 million. "The four-month Africa Cyber Surge II operation was launched in April 2023 and focused on identifying cybercriminals and compromised infrastructure," the agency said. As part of the operation, three suspects were arrested in Cameroon in connection with an online scam involving the fraudulent sale of works of art worth $850,000. Another suspect was arrested in Nigeria for defrauding a Gambian victim. Also arrested were two money mules linked to scams initiated through messaging platforms. The cyber networks comprised 3,786 command-and-control (C2) servers, 14,134 victim IP addresses tied to data stealer infections, 1,415 phishing links and domains, 939

Threat actors are increasingly using a phishing-as-a-service (PhaaS) toolkit dubbed EvilProxy to pull off account takeover attacks aimed at high-ranking executives at prominent companies. According to Proofpoint, an ongoing hybrid campaign has leveraged the service to target thousands of Microsoft 365 user accounts, sending approximately 120,000 phishing emails to hundreds of organizations worldwide between March and June 2023. Nearly 39% of the hundreds of compromised users are said to be C-level executives, including CEOs (9%) and CFOs (17%). The attacks have also singled out personnel with access to financial assets or sensitive information. At least 35% of all compromised users had additional account protections enabled. The campaigns are seen as a response to the increased adoption of multi-factor authentication (MFA) in enterprises, prompting threat actors to evolve their tactics to bypass new security layers by incorporating adversary-in-the-middle ( AitM ) phishing kits to

In recent years the rise of illicit activities conducted within online messaging platforms has become a growing concern for countless industries. One of the most notable platforms that has been host to many malicious actors and nefarious activities has been Telegram. Thanks to its accessibility, popularity, and user anonymity, Telegram has attracted a large number of threat actors driven by criminal purposes.  Many of the cybercriminals that have moved operations into  illicit telegram channels  in order to expand their reach and exploits to wider audiences. As a result, many of these illicit Telegram networks have negatively impacted many industries in relation to the increase of cyberattacks and data leaks that have occurred across the globe.  While any industry can be affected by the cybercriminals operating on Telegram, there are several industries that are more significantly impacted by these illicit activities. In this post, we'll cover several of the common illicit activi

Tax-paying individuals in Mexico and Chile have been targeted by a Mexico-based cybercrime group that goes by the name  Fenix  to breach targeted networks and steal valuable data. A key hallmark of the operation entails cloning official portals of the Servicio de Administración Tributaria (SAT) in Mexico and the Servicio de Impuestos Internos (SII) in Chile and redirecting potential victims to those sites.  "These fake websites prompt users to download a supposed security tool, claiming it will enhance their portal navigation safety," Metabase Q security researchers Gerardo Corona and Julio Vidal  said  in a recent analysis. "However, unbeknownst to the victims, this download actually installs the initial stage of malware, ultimately enabling the theft of sensitive information such as credentials." The goal of Fenix, according to the Latin America-focused cybersecurity firm, is to act as an initial access broker and get a foothold into different companies in t

Conor Brian Fitzpatrick , the owner of the now-defunct BreachForums website, has pleaded guilty to charges related to his operation of the cybercrime forum as well as having child pornography images. The development,  first reported  by DataBreaches.net last week, comes nearly four months after Fitzpatrick (aka pompompurin) was  formally charged  in the U.S. with conspiracy to commit access device fraud and possession of child pornography. BreachForums, launched in March 2022, operated as an illegal marketplace that allowed its members to trade hacked or stolen databases, enabling other criminal actors to gain unauthorized access to target systems. It was shut down in March 2023 shortly after  Fitzpatrick's arrest  in New York. As many as 888 databases consisting of 14 billion individual records are estimated to have been found in total. The forum had over 333,000 members prior to its takedown. "The purpose of BreachForums, and Fitzpatrick's intent in operating the f

A suspected senior member of a French-speaking hacking crew known as OPERA1ER has been arrested as part of an international law enforcement operation codenamed Nervone, Interpol has announced. "The group is believed to have stolen an estimated USD 11 million -- potentially as much as 30 million -- in more than 30 attacks across 15 countries in Africa, Asia, and Latin America," the agency  said . The arrest was made by authorities in Côte d'Ivoire early last month. Additional insight was provided by the U.S. Secret Service's Criminal Investigative Division and Booz Allen Hamilton DarkLabs. The financially motivated collective is also known by the aliases Common Raven, DESKTOP-GROUP, and NX$M$. Its modus operandi was  first exposed  by Group-IB and Orange CERT Coordination Center (Orange-CERT-CC) in November 2022, detailing its intrusions on banks, financial services, and telecom companies between March 2018 and October 2022. Earlier this January, Broadcom's S

An e-crime actor of Mexican provenance has been linked to an Android mobile malware campaign targeting financial institutions globally, but with a specific focus on Spanish and Chilean banks, from June 2021 to April 2023. The activity is being attributed to an actor codenamed  Neo_Net , according to security researcher Pol Thill. The findings were published by SentinelOne following a Malware Research Challenge in collaboration with vx-underground. "Despite using relatively unsophisticated tools, Neo_Net has achieved a high success rate by tailoring their infrastructure to specific targets, resulting in the theft of over 350,000 EUR from victims' bank accounts and compromising Personally Identifiable Information (PII) of thousands of victims," Thill  said . Some of the major targets include banks such as Santander, BBVA, CaixaBank, Deutsche Bank, Crédit Agricole, and ING. Neo_Net, linked to a Spanish-speaking actor residing in Mexico, has established themselves as a

The U.S. Department of Justice (DoJ) on Thursday unveiled charges against a Russian national for his alleged involvement in deploying LockBit ransomware to targets in the U.S., Asia, Europe, and Africa. Ruslan Magomedovich Astamirov, 20, of Chechen Republic has been accused of perpetrating at least five attacks between August 2020 and March 2023. He was arrested in the state of Arizona last month. "Astamirov allegedly participated in a conspiracy with other members of the LockBit ransomware campaign to commit wire fraud and to intentionally damage protected computers and make ransom demands through the use and deployment of ransomware," the DoJ  said . Astamirov, as part of his LockBit-related activities, managed various email addresses, IP addresses, and other online accounts to deploy the ransomware and communicate with the victims. Law enforcement agencies said they were able to trace a chunk of an unnamed victim's ransom payment to a virtual currency address operated by Astam

A U.K. national responsible for his role as the administrator of the now-defunct  iSpoof  online phone number spoofing service has been sentenced to 13 years and 4 months in prison. Tejay Fletcher, 35, of Western Gateway, London, was awarded the sentence on May 18, 2023. He  pleaded guilty  last month to a number of cyber offenses, including facilitating fraud and possessing and transferring criminal property. iSpoof , which was available as a paid service, allowed fraudsters to mask their phone numbers and masquerade as representatives from banks, tax offices, and other official bodies to defraud victims. The help desk scam purported to warn targets of suspicious activity on their accounts and tricked them into disclosing sensitive financial information or transferring money to accounts under the threat actor's control. According to the U.K. Metropolitan Police, the criminals assumed false identities as representatives of various banks such as Barclays, Santander, HSBC, Lloy

A Russian national has been charged and indicted by the U.S. Department of Justice (DoJ) for launching ransomware attacks against "thousands of victims" in the country and across the world. Mikhail Pavlovich Matveev  (aka  Wazawaka , m1x, Boriselcin, and Uhodiransomwar), the 30-year-old individual in question, is alleged to be a "central figure" in the development and deployment of  LockBit ,  Babuk , and  Hive  ransomware variants since at least June 2020. "These victims include law enforcement and other government agencies, hospitals, and schools," DoJ  said . "Total ransom demands allegedly made by the members of these three global ransomware campaigns to their victims amount to as much as $400 million, while total victim ransom payments amount to as much as $200 million." LockBit, Babuk, and Hive operate alike, leveraging unlawfully obtained access to exfiltrate valuable data and deploy ransomware on compromised networks. The threat actor