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Redemption journey from cryptomixers to virtual casinos.
Hackers who hacked into telecommunications giant AT&T have begun legalizing the $ 370,000 ransom they received. This amount, equivalent to 5.72 bitcoins, was paid on May 17 after a massive leak affected about 109 million AT&T customers.
TRM Labs monitors the movement of funds. According to the researchers, some of the money is already directed to centralized cryptocurrency exchanges and gambling platforms. Chris Janczewski, head of global investigations at TRM Labs, said that about $ 150,000 was transferred to the wallets of two different centralized exchanges, and a small amount was deposited on the gambling site.
Most of the remaining funds were passed through exchange services that allow you to convert one cryptocurrency to another without having to deposit it on the platform.
Law enforcement agencies are constantly fighting against such services, regularly introducing sanctions against popular cybercriminal tools, such as Tornado Cash, Sinbad, Blender.io, Helix, ChipMixer and, most recently, Samourai Wallet and Bitcoin Fog.
Gambling plays a special role in this scheme. According to a recent UN report, the rapidly growing casino industry in Southeast Asia has become one of the key tools used by organized criminal groups to launder money. Jeremy Douglas, UN Regional Representative for South-East Asia and the Pacific, noted that the acceleration of the globalization of criminal networks in the Mekong region has led to revolutionary changes in the regional underground banking system.
The mechanism of operation of this scheme is quite simple: hackers deposit illegal funds to an online gambling platform or act through an intermediary who organizes the transfer of in-game points through a combination of identifiable or anonymous accounts. In the future, these funds are either cashed out or used for betting, often in collusion with partners. The final stage is the withdrawal of money from the game account in the desired currency and jurisdiction, after which it is actually legalized and integrated into the official financial system.
This case with AT&T once again highlights the complexity and sophistication of modern cybercrime, as well as the difficulties that law enforcement agencies face in trying to track and stop such activities.
Source
Hackers who hacked into telecommunications giant AT&T have begun legalizing the $ 370,000 ransom they received. This amount, equivalent to 5.72 bitcoins, was paid on May 17 after a massive leak affected about 109 million AT&T customers.
TRM Labs monitors the movement of funds. According to the researchers, some of the money is already directed to centralized cryptocurrency exchanges and gambling platforms. Chris Janczewski, head of global investigations at TRM Labs, said that about $ 150,000 was transferred to the wallets of two different centralized exchanges, and a small amount was deposited on the gambling site.
Most of the remaining funds were passed through exchange services that allow you to convert one cryptocurrency to another without having to deposit it on the platform.
Law enforcement agencies are constantly fighting against such services, regularly introducing sanctions against popular cybercriminal tools, such as Tornado Cash, Sinbad, Blender.io, Helix, ChipMixer and, most recently, Samourai Wallet and Bitcoin Fog.
Gambling plays a special role in this scheme. According to a recent UN report, the rapidly growing casino industry in Southeast Asia has become one of the key tools used by organized criminal groups to launder money. Jeremy Douglas, UN Regional Representative for South-East Asia and the Pacific, noted that the acceleration of the globalization of criminal networks in the Mekong region has led to revolutionary changes in the regional underground banking system.
The mechanism of operation of this scheme is quite simple: hackers deposit illegal funds to an online gambling platform or act through an intermediary who organizes the transfer of in-game points through a combination of identifiable or anonymous accounts. In the future, these funds are either cashed out or used for betting, often in collusion with partners. The final stage is the withdrawal of money from the game account in the desired currency and jurisdiction, after which it is actually legalized and integrated into the official financial system.
This case with AT&T once again highlights the complexity and sophistication of modern cybercrime, as well as the difficulties that law enforcement agencies face in trying to track and stop such activities.
Source
