DOJ, Europol Freeze $3.5M In Crypto After Dismantling Global Proxy Fraud Network
US and European authorities dismantled SocksEscort, a global proxy service that used malware (AVrecon) to hijack over 369,000 devices in 163 countries, allowing criminals to hide their locations. The service, operating for years, generated at least $5.7 million from users who paid in cryptocurrency for anonymity. A coordinated law enforcement effort across multiple countries resulted in the seizure of 34 domains, takedown of servers, and freezing of $3.5 million in crypto. The network was linked to various crimes, including a $1 million cryptocurrency theft from a New York resident, bank fraud, and account takeovers.
bitcoinist03/14 22:02
