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

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