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Cyber Risks · Krebs on Security

U.S. Indicts 2 Top Russian Hackers, Sanctions Cryptex

Summary: The U.S. unsealed an indictment against Timur Kamilevich Shakhmametov, 38, of Novosibirsk, for allegedly operating Joker's Stash, a carding shop that came online in late 2014 and sold cards stolen in breaches at retailers including Saks Fifth Avenue, Hilton Hotels, Whole Foods and Chipotle. The government also indicted and sanctioned Sergey Sergeevich Ivanov, 44, of Saint Petersburg, known as Taleon, whose exchange Cryptex and related payment service UAPS allegedly laundered money for Joker's Stash and other cybercrime stores.

Key Takeaway: Prosecutors allege Joker's Stash earned revenues of at least $280 million, possibly more than $1 billion, and Treasury says Ivanov laundered hundreds of millions in virtual currency over roughly 20 years - including about half of the record $75 million ransom the Dark Angels received in February 2024, which an analysis showed was processed through Cryptex.

Read the original at Krebs on Security ↗

Topics
Data Breaches
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