Killers in Russia take payment in cryptocurrency

Killers in Russia take payment in cryptocurrency

The use of cryptocurrency in crime and cybercrime

Contents

Killers in Russia take payment in cryptocurrency
CONTENT

  • Killers began to take payment in cryptocurrency

  • Drugs remain the most popular commodity purchased for bitcoin by darknet users

  • KYC procedure complicates the use of cryptocurrency by criminals

International consortium of news organizations, developing standards for transparency.

Killers in Russia take payment in cryptocurrency

Cryptocurrency has been spotted as a way to pay for contract killings. This was reported by the Investigative Committee of Russia.

Will be killed for bitcoin: killers began to take payment in cryptocurrency

Russian killers began to accept payment in cryptocurrency for contract killings. This was stated in an interview with TASS by the head of the department for investigating cybercrimes and crimes in the field of high technologies of the RF IC Konstantin Komarda. According to law enforcement officers, criminals use 15 to 20 anonymous crypto wallets to transfer and convert funds received for the murder of a victim. Hackers who use VPN services and various bitcoin mixers to disguise the identity of the recipient of the funds help to hide the traces of killers on the Internet..

“We are investigating cases against professional cybercriminals who are experts in the field of IT-technologies, who feel confident in the cyber environment, carefully plan crimes and use all possible arsenal of means in order to maintain their anonymity and go unpunished – from VPN programs to cryptocurrencies. For example, in cases of contract killings, it was established that one of the cryptocurrencies was used as a means of payment, ”commented Komarda.

Note that cryptocurrencies are still a popular means of payment on the darknet, despite the tightening of regulation of the circulation of digital coins around the world. Not so long ago, the BeInCrypto portal reported that the Law Enforcement Coalition carried out a comprehensive operation to identify and arrest drug dealers working for cryptocurrency on the darknet. 179 suspects were arrested and are awaiting a court decision.

It is also not uncommon for cryptocurrencies to be used to commit crimes related to human trafficking. Thus, the P2P platform Paxful previously announced that it was collaborating with the Cryptocurrency Consortium and sponsoring a number of events aimed at combating human trafficking around the world..

Cryptocurrencies are popular with drug dealers

Criminals still prefer to use cryptocurrencies for illegal activities. Bitcoin remains the main means of payment on the darknet. According to the analytical company Crystal, in the first half of 2020, an increase in the value of transferred cryptocurrencies in dollar terms was recorded. And if in 2019 the total number of bitcoins circulating on the darknet was $ 384 million, but in 2020 this figure increased to $ 411 million.The growth was caused by an increase in the value of the cryptocurrency itself.

Basic Attention Token (BAT), Bitcoin Cash (BCH), Binance Coin (BNB), Bitcoin (BTC), Ethereum (ETH) and others remain other popular means of payment on the darknet..

Narcotic substances remain a popular commodity. Moreover, almost 60% of the darknet drug market is still controlled by the Hydra Marketplace, which serves exclusively customers from Russia..

Killers in Russia take payment in cryptocurrency

Experts from Chainalysis claim that the darknet is becoming more sophisticated in terms of security every day. Merchants increasingly force their customers to use cryptocurrencies focused on anonymity like Monero. 

The most popular product, invariably, remains narcotic substances. Moreover, almost 60% of the darknet drug market is still controlled by the Hydra Marketplace, which serves exclusively customers from Russia..

Experts from Chainalysis argue that the darknet is becoming more sophisticated in security matters every day. Merchants increasingly force their customers to use cryptocurrencies focused on anonymity like Monero. 

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