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PwC Discovers Iranian Link to Bitcoin (BTC) Laundering on WEX Exchange

Iranian nationals liked to the SamSam ransomware were using the WEX exchange to launder their funds, auditing giant PwC has discovered. Using data from the US Department of Justice (DoJ), the auditing giant established that hacker group used BTC-E, as the Russian exchange was previously called, before the market closed in September 2018.

BTC-E was used to liquidate as much as 95% of ransomware payments since 2014. The exchange allegedly laundered up to $4 billion, of which $1.9 billion came from the SamSam ransomware scheme, and also saw inflows from the Blue Athena threat group. The stream of dark business funds continued into the rebranded exchange, which c…

This article appeared first on Cryptovest

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