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There’s no irony here. Ransomware would keep going if cryptocurrency disappeared tomorrow, these people have the infrastructure to receive and launder huge wir
by ryanlol 5y ago
There’s no irony here.
Ransomware would keep going if cryptocurrency disappeared tomorrow, these people have the infrastructure to receive and launder huge wire transfers.
Even the far less sophisticated african groups manage that, read the Hushpuppi indictment for an example.
- pas 5y agocan you please provide a tldr on that wire transfer laundering thing? :o
- tata71 5y agoEverywhere not the US & allies
- ryanlol 5y agoBullshit, these people have US and Canadian corporate accounts capable of cashing out millions at a time. You can easily get thousands of US personal accounts at short notice if you need them.
- ryanlol 5y agoThere’s a vast industry of people supplying services to cash out illicit wire transfers. The complexity depends on the amount. For individual amounts below 20-30k (craigslist scams, etc) you’ll be looking at personal bank accounts, usually created with fake IDs, but also sometimes using victims of various hiring scams. The fees you pay will largely depend on the country around 50% for US accounts, 20% or so for EU/UK accounts. For slightly bigger amounts (fancier craigslist scams, BEC) up to a quarter million or so, you’ll see lots of pretty plain corporate accounts. The fees remain pretty much the same. For the huge amounts (pretty much just BEC) like 5 million usd or more it starts to get complicated. At this point you begin to see offshore accounts for the first time, Hong Kong or just straight up PRC. But anything is possible, even US accounts can be arranged. Often someone will take over an existing business and their bank accounts, and then quickly run millions through them. At this level it’s hard to give an estimate on the fees, they are negotiable.