{"id":44930,"date":"2021-06-24T17:37:23","date_gmt":"2021-06-24T14:37:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44930"},"modified":"2025-08-31T19:17:55","modified_gmt":"2025-08-31T16:17:55","slug":"binance-helped-identify-members-of-a-group-laundering-money-for-the-clop-and-petya-operators","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-helped-identify-members-of-a-group-laundering-money-for-the-clop-and-petya-operators\/","title":{"rendered":"Binance helped identify members of a group laundering money for the Clop and Petya operators"},"content":{"rendered":"<p>The cryptocurrency exchange Binance confirmed its involvement in a Ukrainian law-enforcement operation to identify individuals linked to the Clop and Petya ransomware operators.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Here&#8217;s how <a href=\\\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Binance<\/a> and international law enforcement were able to take down a $500 million cybercrime ring. <a href=\\\"https:\/\/t.co\/V7YeYFzGeh\\\">https:\/\/t.co\/V7YeYFzGeh<\/a><\/p>\n<p>\u2014 Binance (@binance) <a href=\\\"https:\/\/twitter.com\/binance\/status\/1408050223063212033?ref_src=twsrc%5Etfw\\\">June 24, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Binance&#8217;s statement describes a cybercrime group called FANCYCAT, which runs a &#8216;high-risk exchange&#8217; and launders funds obtained from darknet operations and the Clop and Petya ransomware attacks.<\/p>\n<p>The losses from FANCYCAT&#8217;s actions were estimated at more than $500 million linked to ransomware operations, and a further several million dollars from other cybercrimes.<\/p>\n<p>During the investigation into FANCYCAT&#8217;s activities, Binance&#8217;s specialized software detected suspicious activity on the platform. In cooperation with TRM Labs and Bitfury Group&#8217;s Crystal service, analysts tracked and analyzed the group&#8217;s activity.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;We found that it is connected not only with laundering funds from the Clop attack, but also with funds obtained from Petya attacks and other illicit sources&#8221;.<\/p>\n<\/blockquote>\n<p>The analysis helped identify the members of FANCYCAT, Binance said.<\/p>\n<p>Earlier last week, Ukrainian law enforcement <a href=\"https:\/\/u1f987.com\/en\/news\/ukraine-identifies-clop-ransomware-operators-sources-say-they-are-not-hackers\">reported<\/a> on the identification of the hackers behind the Clop ransomware.<\/p>\n<p>ForkLog sources said that the searches targeted not the hackers themselves, but OTC traders through which the ransomware operators&#8217; bitcoins passed.<\/p>\n<p>At the same time, ForkLog learned that Binance may have supplied the personal data of those involved in the investigation to Ukrainian law enforcement, on which they conducted their trades.<\/p>\n<p>Although Ukraine&#8217;s cyberpolice said they had disrupted the Clop hacker infrastructure, the criminals behind Clop later <a href=\"https:\/\/u1f987.com\/en\/news\/clop-publishes-new-batch-of-stolen-data-ukraine-had-previously-said-it-identified-hackers\">published<\/a> a batch of data allegedly obtained from breaches of two new victims.<\/p>\n<p>Binance <a href=\"https:\/\/u1f987.com\/en\/news\/ukraines-cyber-police-highlights-binances-role-in-the-arrests-of-criminals-who-laundered-42m\">already cooperated with Ukrainian law enforcement<\/a> \u2014 in 2020 the exchange helped track down suspects involved in laundering $42 million.<\/p>\n<p>Read ForkLog bitcoin news in our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Binance confirmed its involvement in a Ukrainian law-enforcement operation to identify individuals linked to the Clop and Petya extortionists.<\/p>\n","protected":false},"author":1,"featured_media":44931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1154],"class_list":["post-44930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-crimes"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44930"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44930\/revisions"}],"predecessor-version":[{"id":44932,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44930\/revisions\/44932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44931"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}