Cybercriminals are turning to mixers and other methods of cryptocurrency laundering to hide their illicit proceeds. Law enforcement agencies have accelerated their power to track bitcoin transactions based on this. One of the most popular forms of cryptocurrency being used in the illicit operation is ransomware. Law enforcement agencies have achieved increased proficiency in tracking ransomware payments as they identify perpetrators. And this action has led to the indictment of suspected operators of some of the most notorious cybercrime campaigns. TCybercriminals are turning to mixers and other methods of cryptocurrency laundering to hide their illicit proceeds. Law enforcement agencies have accelerated their power to track bitcoin transactions based on this. One of the most popular forms of cryptocurrency being used in the illicit operation is ransomware. Law enforcement agencies have achieved increased proficiency in tracking ransomware payments as they identify perpetrators. And this action has led to the indictment of suspected operators of some of the most notorious cybercrime campaigns.
Threat actors made use of ransomware to hide their profits as bitcoin is achieving mainstream acceptance for the past ten years. However, cybercriminals are now taking to a new technique to avoid being caught. John Fokker, McAfee’s principal engineer said mainstream BTC acceptance, clustering and attribution techniques have aided the identification of certain payments.
