Rogue Money Shredders

On 15 September 2017, Wapack Labs observed a new Tor onion involving rogue, foreign money shredders. They claim to be apart of a large network of shredders who devalue Swiss Franc currency by re-circulating, or converting, the Francs into other currencies: U.S. Dollars (USD), Euro (EUR), and the British Pound (GBP). The hard currency that is to be shredded must be deteriorated, have holes, or is a beyond a specific date - laundering only small amounts at a time. In order to procure the cash, they claim to use anonymous bitcoin bribes and violent threats. They state that the currency used is legitimate and legal; warning counterfeit currency is illegal. The legitimacy of their hard currency product(s) is unknown. Wapack Labs will continue to research the groups' capabilities and attempt to identify the actors involved in this currency operation...READ MORE

Wapack Labs has cataloged and reported extensively on Tor forums and money laundering in the past. An archive of related reporting can be found in the Red Sky Alliance portal.

WWW.WAPACKLABS.COM

Steal from the Rich, to Give to the Poor: A Cyber Brotherhood's Tale

Wapack Labs is researching a self-proclaimed cyber brotherhood that has pledged to halt the unjust distribution of money. For the past year, this brotherhood has been hosting a dark web domain where they provide stolen financial information. They offer stolen PayPal accounts, money-back guarantee, and a discount if more than one account is purchased. Before being granted access, prospective users are required to submit an application via TorBox email.

Wapack Labs has cataloged and reported extensively on carders in the past. An archive of related reporting can be found in the Red Sky Alliance portal.

WWW.WAPACKLABS.COM

Venmo Fraud Scam

Venmo is a mobile payment service owned by PayPal that allows users to transfer money using a mobile phone app or web interface. Threat actors have been noted purchasing reloadable gift cards online with stolen bank funds, and then transferring the money into a Venmo account. From the Venmo account, the actor will execute a wire transfer to another account, often an offshore bank in a country with lax banking rules. Venmo significantly reduces the time it takes to cash out stolen funds, which makes it harder for victim banks to stop illicit transfers. Financial sector scrutiny of the Venmo service is recommended.

Wapack Labs has cataloged and reported extensively on wire transfer scams in the past. An archive of related reporting can be found in the Red Sky Alliance portal.

WWW.WAPACKLABS.COM