The Cryptocurrency Money Laundering Machine

12/26/24 • 8 min

We decode the intricate methods cybercriminals use to launder cryptocurrency, focusing on mixing services, chain-hopping, and privacy coins. Through case studies of major hacks, including the Bitfinex heist and North Korean crypto operations, we reveal how stolen funds move through the cryptocurrency ecosystem. The episode also examines the cat-and-mouse game between launderers and blockchain analysis firms, showcasing cutting-edge techniques used by both sides.

Previous Episode

Inside the Russian Cybercrime Underground

This episode investigates the sophisticated ecosystem of Russian-speaking cybercriminal organizations, focusing on their hierarchical structure and division of labor. Through interviews with former participants, we examine how these groups developed specialized malware, ran massive botnets, and pioneered the ransomware-as-a-service model. The narrative follows the evolution of Russian cybercrime from early credit card theft rings to today's sophisticated state-tolerated enterprises, revealing the complex relationship between criminal hackers and state authorities.

Next Episode

Zero-Day Brokers: The Hidden Market for Software Vulnerabilities

The finale explores the controversial market for zero-day exploits, where newly discovered software vulnerabilities are sold to the highest bidder. We investigate how legitimate security researchers, criminal hackers, and government agencies compete in this shadowy marketplace. Through exclusive interviews with former exploit developers and brokers, we reveal how zero-days are discovered, developed, and sold, while examining the ethical debates surrounding this practice and its impact on global cybersecurity.