The U.S. Federal Bureau of Investigation and the Australian Federal Police have dismantled an international cryptocurrency money-laundering network, according to Techub, citing U.Today. Two Australian suspects, aged 21 and 23, were arrested in Perth. One of them has been formally charged with dealing with more than $100,000 in criminal proceeds.
Investigators said the group breached more than 1,000 corporate networks by embedding malicious code in open-source software. Authorities said the operation stole 300GB of data and 500,000 user credentials, then sold network access on the dark web in exchange for cryptocurrency. Law enforcement also seized a large amount of crypto assets as well as luxury properties allegedly purchased with those funds.
The FBI said the case shows that law enforcement agencies can track and confiscate cryptocurrency assets on a global scale.
The U.S. Federal Bureau of Investigation (FBI) and the Australian Federal Police have dismantled an international cryptocurrency money-laundering network, according to Techub, citing U.Today.
Two Australian suspects, aged 21 and 23, were arrested in Perth. One of them has been formally charged with dealing with more than $100,000 in criminal proceeds.
Investigators said the group infiltrated more than 1,000 corporate networks by embedding malicious code into open-source software. Authorities said the operation stole 300GB of data and 500,000 user credentials, then sold access on the dark web in return for cryptocurrency.
Law enforcement officers also seized a large amount of cryptocurrency assets and luxury properties purchased with those assets. The FBI said the case demonstrates the ability of law enforcement agencies to trace and confiscate crypto assets worldwide.
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