Europol Starts Group to Study Cryptocurrency Launderers

Seagate plays surrogate host to cryptocurrency malware, Europol cracks down on digital currency launderers, and Apple doesn’t like ShapeShift. Want to catch up on your latest tech and virtual currency news? Take a look at the stories below. SEAGATE. Many of Seagate’s FTP servers have inadvertently played host to criminals who use the devices to spread cryptocurrency malware. Researchers at Sophos discovered this problem, finding that the “Mal/Miner-C” program hijacks processing power from computers, using it to mine Monero. As with similar programs, the software does not act on its own....

In an effort to tackle money laundering through virtual currencies like bitcoin, two prominent law enforcement agencies – Europol and Interpol have announced the establishment of a working group. An announcement from late last week has confirmed the establishment of a new working group looking into money laundering with digital currencies. The group is established through a tripartite partnership between Europol – the criminal intelligence agency of the European Union; INTERPOL, a prominent intergovernmental organization that facilitates international police cooperation and; the Basel....

Abuse expands with use in the case of cryptocurrency, Europol has acknowledged while also noting that blockchain technologies offer authorities a new opportunity to fight crime. Europe’s law enforcement agency also says they can help investigate money laundering networks. Understanding Cryptocurrencies Is Vital to Tackling Organized Crime, Europol Says The growing use of cryptocurrency across borders and industries comes with increasing abuse, new forms of crime, and money laundering, the European Union Agency for Law Enforcement Cooperation (Europol) has concluded after....

In less than a month since its launch, government agencies and law enforcement arrested two individuals who are suspected to the leaders of the cyber-criminal group. According to the official statement released by EUROPOL, the suspects were arrested in Austria, by the local police. Government and law enforcement agencies in Austria, Bosnia and Herzegovinia, Germany and the United Kingdom in collaboration with Netherlands-based intelligence and information agency Europol has launched an official investigation targeted at the cyber-criminal group DD4BC. Since early 2015, DD4BC, a group of....

Europol, the European Union's top law enforcement agency, has co-founded a new working group dedicated to digital currencies. The initiative is being co-led by Interpol, the intergovernmental organization focused on law enforcement issues, and the Basel Institute on Governance, a non-profit group focused on financial crimes in the public and private sectors. The working group, according to an announcement last week, will involve the organization of collaborative workshops and a global network comprised of subject matter experts. Europol said in a statement: "Internet technologies....