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Category: Richard Sanders

  • Canada Fines Cybercrime Friendly Cryptomus $176M

    Canada Fines Cybercrime Friendly Cryptomus $176M Financial regulators in Canada this week levied $176 million in fines against Cryptomus, a digital payments platform that supports dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services. The penalties for violating Canada’s anti money-laundering laws come ten months after KrebsOnSecurity noted that Cryptomus’s Vancouver street address was…

  • How Cryptocurrency Turns to Cash in Russian Banks

    How Cryptocurrency Turns to Cash in Russian Banks A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. Meanwhile, an investigation into the Vancouver street address used by this company shows it is home to…