A Report Traces the Trail of Money, Runs Aground

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Investigation delivers intriguing, but confined snapshot…

A new report posted today traces a bitcoin haul “earned” from a worldwide sextortion fraud, delivered by botnet, for the initially time.

Yet the investigation — by Uk-based security company Sophos, and husband or wife CipherTrace — also casts a light-weight on just how tricky it is to trace cash via a massively fluid ecosystem characterised by bitcoin wallets with shorter shelf lives, heavily obfuscated IP addresses and other approaches.

The fraud was delivered via a botnet that introduced thousands and thousands of spam emails to recipients about the world in many languages.

(Sextortion is a variety of cyber crime in which attackers accuse the recipient of their emails of browsing a pornographic web-site, then threaten to share video clip proof with their pals and loved ones unless of course the recipient pays. The ask for quantity is often about £650

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