Armor: hackers sell stolen Fiat funds for bitcoins

Armor, a cybersecurity company, reports that a new service has appeared on the darknet markets – hackers transfer stolen Fiat funds to customers ‘ accounts for a 10% Commission in BTC.

Cybersecurity experts emphasize that in this way, customers who transfer stolen funds to their account put themselves at risk, and attackers remain absolutely unpunished.

“There are many hackers who offer to transfer stolen funds to your PayPal account, or send them using the Western Union system,” the researchers note.

The new “service” appeared only last year and during this time has become one of the most popular and popular in the darknet. To get $10,000, the client sends $800 in BTC to the hacker’s account and receives the stolen funds to their card.

However, in case of criminal prosecution, it is the client who will deal with law enforcement agencies. At the same time, the process has become much easier, since now such people do not need to buy data from stolen Bank cards or accounts.

At the beginning of the month, it was reported that the popular Whale Alert service, which tracks large cryptocurrency transactions, together with the BitcoinAbuse service, will track wallets associated with criminal activity.