A different perspective on gambling and cybercrime.
According to the 404 Media resource, cybercriminals use online casinos to increase and launder illegal funds. The disclosed information shows what some hackers actually do with the stolen cryptocurrency – use it in casino bets. To a lesser extent, the material also shows the potential use of gambling as a mechanism for laundering stolen cryptocurrency, no matter how risky it may be.
A special highlight is the Stake casino, which is used for this purpose. The presented screenshots show the balances of cybercriminals profiles consisting of stolen funds. In September, the FBI linked the theft of more than $41 million in assets from Stake to hackers from North Korea.
Representatives of the young hacker community The Com, which plays a key role in a wide range of online crimes, use Stake for SIM Swapping — a method of intercepting phone numbers to break into victims cryptocurrency accounts.
To play on Stake, you need to verify your identity card, but some merchants offer already verified accounts or verification services. One of the ads in the Telegram channel offers verification for $100 using real photo ID cards.
It is worth noting that cybercriminals also use the opportunity of Stake to receive passive income from their bets. This feature is available on VIP accounts, and the bonus amount depends on the amount of bets, which can reach $1 billion.
The effectiveness of using Stake and other online casinos as money laundering tools is unclear, given the development of law enforcement tools for tracking cryptocurrencies. Stake and Rollbit did not comment on the situation.
Over the past two years, a number of high-profile cyber attacks have one thing in common – the participation of a small online community, The Com, consisting mainly of young people who commit audacious intrusions into networks. Teenagers and young adults under the age of 20 are increasingly committing high-profile hacks, demonstrating a high level of skill and openly bragging about their exploits in language full of racism and misogyny, with The Com serving as a radicalizing medium for some of these cybercriminals. This year, The Com hackers attacked Nvidia, Samsung, Microsoft and other large corporations.
According to the 404 Media resource, cybercriminals use online casinos to increase and launder illegal funds. The disclosed information shows what some hackers actually do with the stolen cryptocurrency – use it in casino bets. To a lesser extent, the material also shows the potential use of gambling as a mechanism for laundering stolen cryptocurrency, no matter how risky it may be.
A special highlight is the Stake casino, which is used for this purpose. The presented screenshots show the balances of cybercriminals profiles consisting of stolen funds. In September, the FBI linked the theft of more than $41 million in assets from Stake to hackers from North Korea.
Representatives of the young hacker community The Com, which plays a key role in a wide range of online crimes, use Stake for SIM Swapping — a method of intercepting phone numbers to break into victims cryptocurrency accounts.
To play on Stake, you need to verify your identity card, but some merchants offer already verified accounts or verification services. One of the ads in the Telegram channel offers verification for $100 using real photo ID cards.
It is worth noting that cybercriminals also use the opportunity of Stake to receive passive income from their bets. This feature is available on VIP accounts, and the bonus amount depends on the amount of bets, which can reach $1 billion.
The effectiveness of using Stake and other online casinos as money laundering tools is unclear, given the development of law enforcement tools for tracking cryptocurrencies. Stake and Rollbit did not comment on the situation.
Over the past two years, a number of high-profile cyber attacks have one thing in common – the participation of a small online community, The Com, consisting mainly of young people who commit audacious intrusions into networks. Teenagers and young adults under the age of 20 are increasingly committing high-profile hacks, demonstrating a high level of skill and openly bragging about their exploits in language full of racism and misogyny, with The Com serving as a radicalizing medium for some of these cybercriminals. This year, The Com hackers attacked Nvidia, Samsung, Microsoft and other large corporations.
