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KuCoin to pay nearly $300 million in penalties after guilty plea
KuCoin’s operator, PEKEN Global Limited, pleaded guilty to operating an unlicensed money-transmitting business and agreed to pay $297 million in penalties to settle charges in the U.S. The cryptocurrency exchange was charged in March 2024 for its failure to implement the required anti-money laundering (AML) requirements, allowing cybercriminals to use the platform to launder their proceeds. According to the U.S.…
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Raccoon Stealer malware operator gets 5 years in prison after guilty plea
Ukrainian national Mark Sokolovsky was sentenced today to five years in prison for his involvement in the Raccoon Stealer malware cybercrime operation. According to unsealed court documents, Sokolovsky (also known as raccoon-stealer, Photix, and black21jack77777) and his conspirators rented the malware to other threat actors under a MaaS (malware-as-a-service) model for $75 per week or $200 monthly. After infecting a…
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