[2022-09-13] Man arrested for laundering millions from malicious Electrum update - page 2.

Quote from: politie.nl

Man arrested on suspicion of money laundering of cryptocurrency worth tens of millions of euros

In the early morning of September 6th 2022, the Dutch police arrested a 39-year-old man from the village of Veenendaal on charges of money laundering of cryptocurrency worth tens of millions of euros. The police identified the man after tracing bitcoin transactions. The funds were stolen by making use of a malicious software update purporting to be from the open source Electrum wallet.

Investigation showed that the man converted bitcoin into the privacy coin monero [vice versa], which makes the trail of transactions more difficult to track. His service was provided via the anonymous online network Bisq. It is suspected that the man earned a lot from laundering in this way.

When the man was arrested, his home was searched and several data carriers were seized. The police investigation into the data carriers and the virtual currencies held by the man is ongoing. The expected profit that the man made from money laundering was seized in cryptocurrency by the police. The man was released on Thursday 8th of September and remains a suspect.

The investigation is being carried out by the Dutch Police Cybercrimeteam of the Central Netherlands in collaboration with the Cybercrimeteam of the Eastern Netherlands.

If this guy "only" laundered the money, I expect he earned "only" a few percent of the tens of millions of euros. I guess the real malware makers are still far from getting caught.

It's a good Dutch police tradition to quickly let criminals go. This guy was held for 2 nights!

I couldn't find back the topic about the malicious Electrum "update popup", so I choose Press.

Topic: [2022-09-13] Man arrested for laundering millions from malicious Electrum update - page 2. (Read 427 times)