Hackers embrace cryptocurrency laundering to evade the law

TechTarget

Arielle Waldman

As law enforcement agencies have increased their ability to track bitcoin transactions, cybercriminals are turning to "mixers" and other methods of cryptocurrency laundering to hide their illicit proceeds. One illicit operation dependent on cryptocurrency is ransomware attacks, where threat actors often demand payments in bitcoin, the most popular form of cryptocurrency. And while at one time, bitcoin transactions were thought to be anonymous, law enforcement agencies over the years have become increasingly proficient at tracing ransomware payments and identifying perpetrators. That has led to the indictments of alleged operators of some of the most notorious cybercrime campaigns in recent memory, including ...

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