FBI seizes 9 crypto exchanges used to launder ransomware payments

02-May-23

Nine cryptocurrency exchange websites that enabled money laundering for scammers and hackers, including ransomware operators, have been taken down by the FBI and Ukrainian police. The Virtual Currency Response Team, the National Police of Ukraine, and local prosecutors, according to the FBI’s release, assisted with the operation.

The seizure banner below, which alternates its message in Russian and English, is displayed when you visit any of these domains right now. Users could anonymously exchange bitcoin into coins that are more difficult to track down on the seized websites, which helped hackers conceal the source of their stolen funds and avoid detection by law authorities.

Read More…