Clop Gang Partners Laundered $500 Million in Ransomware Payments

In The Hacker News - Original news source is thehackernews.com by Blog Writer

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The cybercrime ring that was apprehended last week in connection with Clop (aka Cl0p) ransomware attacks against dozens of companies in the last few months helped launder money totaling $500 million for several malicious actors through a plethora of illegal activities.
“The group — also known as FANCYCAT — has been running multiple criminal activities: distributing cyber attacks; operating a