Cryptocurrency exchange WEX/BTC-e tied to Bitcoin ransomware hackers, report


Big four accountancy group PricewaterhouseCoopers (PwC) has issued a special bulletin connecting the Iranian nationals behind notorious SamSam ransomware and the incredibly infamous cryptocurrency exchange WEX (formerly BTC-e). The report alleges SamSam creators Faramarz Shahi Savandi and Mohammad Mehdi Shah Mansouri used the WEX exchange service to launder sizable chunks of the $6 million in Bitcoin generated throughout their 34-month-long international hacking and extortion spree. “We identified this Iranian money laundering operation as having links with currency exchange WEX (previously known as BTC-e),” declared PwC. “WEX is most notably known for its alleged involvement in the the threat actor tracked by PwC as…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s