Arrested Clop gang members laundered over $500M in ransomware payments

Catalin Cimpanu reports:

The members of the Clop ransomware gang that were arrested last week in Ukraine as part of an international law enforcement action also operated money laundering services for multiple cybercrime groups.

According to cryptocurrency exchange portal Binance, the group engaged in both cyber-attacks and “a high-risk exchanger” that laundered funds for the Clop ransomware gang and other criminal groups.

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