How Cryptocurrency Turns to Cash in Russian Banks

Credit to Author: BrianKrebs| Date: Wed, 11 Dec 2024 21:38:48 +0000

A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. Meanwhile, an investigation into the Vancouver street address used by this company shows it is home to dozens of foreign currency dealers, money transfer businesses, and cryptocurrency exchanges — none of which are physically located there.

Read more