How cybercriminal’s use cryptocurrency ?
How cybercriminals use cryptocurrency? Cybercriminals all over the world have leveraged this technology’s increased anonymity to buy and sell illegal goods, services, stolen data, underground infrastructure and force victims to pay ransom. While blockchain analysis enables researchers and law enforcement to glean information from illicit transactions, criminals have countered by adopting the use of cryptomixers to obscure their transactions and further complicate investigations. It has been observed gangs in the cybercriminal underground are increasingly relying on cryptomixing services to obfuscate the origin of their criminal earnings. What are Cryptomixers ? Cryptomixers are often stand-alone services that are available to the general public via the open internet. They often use anonymous means of communication and do not keep logs of customer transactions, which given the push by law enforcement for crypto exchanges to incorporate financial compliance laws into their operation...