Authorities in India today arrested the alleged co-founder of Garantex, a cryptocurrency exchange sanctioned by the U.S. government in 2022 for facilitating tens of billions of dollars in money laundering by transnational criminal and cybercriminal organizations. Sources close to the investigation told KrebsOnSecurity the Lithuanian national Aleksej Besciokov, 46, was apprehended while vacationing on the…
Category: Elliptic
CryptoCurrency, Cybercrime, Cybersecurity, Department of Justice (DOJ), Elliptic, Europe, Europol, Garantex, Geopolitics, Global Security News, Lazarus Group, Ransomware, Russia, sanctions, Secret Service, Technology, Telegram
Russian crypto exchange Garantex seized in international law enforcement operation
U.S. and European law enforcement agencies have seized the infrastructure of Garantex, a cryptocurrency exchange accused of laundering billions in criminal proceeds, in a sweeping international operation that signals heightened focus on illicit financial flows in cryptocurrency markets. According to Justice Department documents unsealed Friday, the Moscow-based exchange processed approximately $96 billion in cryptocurrency transactions…
blockchain, Chainalysis, Crypto, crypto crime, CryptoCurrency, Cybercrime, Cybersecurity, Elliptic, ethereum, Exploits, Global Security News, Lazarus Group, Money, North Korea, TRM Labs
Crypto analysts stunned by Lazarus Group’s capabilities in $1.46B Bybit theft
Last week’s $1.46 billion Ethereum theft by North Korean-linked Lazarus Group has sent shockwaves through the cybercrime ecosystem, as it has not only joined the ranks of the largest known financial thefts in history but also demonstrated that the group’s skillset is presenting new challenges for defenders. In the wake of the theft, numerous experts…