Darknet and BTC: how hackers launder money through cryptocurrencies


September 19 2019

According to the Committee of Experts of the Council of Europe on the Evaluation of Anti-Money Laundering Measures (Moneyval), criminals laundered from $ 500 billion to $ 1 trillion of illegal proceeds in 2017. And every year this figure is only growing.

At the same time, over the past 10 years, the darknet has remained the main place for criminal hacker deals. Armor analysts in their latest report write that you can easily buy banking data from Wells Fargo, Bank of America, Lloyd’s Bank and PayPal payment systems at very affordable prices on deep internet. For example, access to a JPMorgan account with a balance of $ 20,000 will cost the buyer only $ 1,000.