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The scheme was uncovered by Kaspersky and has been operational since November 2023
The US Treasury has designated several Russian blockchain and virtual currency firms for sanctions evasion
Cado Security said this campaign introduces unique techniques to compromise the security of Redis servers
Chainalysis reveals that pump-and-dump schemes made Ethereum market manipulators over $240m in 2023 alone
Drug trafficker Banmeet Singh made $150m in cryptocurrency from dark web sales
Chainalysis data shows major drop in value of funds received into underground crypto addresses in 2023, to $24.2bn