oh look, another #fintech bankruptcy involving Evolve Bank & Trust.

some other fun places Evolve has popped up:

1. issuer of #FTX and #BlockFi debit cards (before those companies blew up and customers lost all their money)
2. #GeorgeSantos and #AndyOgles held their campaign money at Evolve
3. #Synapse bankruptcy which cost customers of a bunch of fintech "banks" like #Yotta most if not all of their money
4. Partnered with "anti-woke" fintech #GloriFi
5. Got hacked by Russia midway through Synapse bankruptcy proceedings
6. Anonymous crypto debit card issuer for #ZELF
7. Frequently found to be the bank used by #pigbutchering fraudsters
8. Sanctioned by federal reserve for #moneylaundering

The fact that Evolve has not been shut down is insane. Banking system cannot survive if these kinds of bad actors roam free like the wind.

* more on Evolve: https://fintechbusinessweekly.substack.com/p/evolves-problematic-partners-bankruptcies
* even more: https://fintechbusinessweekly.substack.com/p/evolve-hit-with-fed-enforcement-action

#EvolveBank #EvolveBankAndTrust #finreg #Banking #uspol #AML #BaaS #Russia #putin

U.S. seized $8.2 million in #crypto linked to '#RomanceBaiting' scams

https://www.bleepingcomputer.com/news/cryptocurrency/us-seized-82-million-in-crypto-linked-to-romance-baiting-scams/

#scam #privacy #PigButchering

Our latest blog post is live, check it out!

🗞️ https://opalsec.io/daily-news-update-sunday-march-30-2025-australia-melbourne/

* 👾 Obscure Programming Languages in Malware: Malware authors are getting creative, using less common languages like Rust, Nim, Phix, Lisp and Haskell to evade detection - and it works.
* 💔 $8.2 Million Seized in Crypto Romance Baiting: The DOJ just seized millions in USDT from "romance baiting" scams (aka pig butchering), with links to human trafficking in Cambodia and Myanmar. This is a stark reminder of the human element in cybercrime.

Don't forget, you can subscribe to our newsletter here to get the updates straight to your inbox!

📨https://opalsec.io/daily-news-update-sunday-march-30-2025-australia-melbourne/#/portal/signup

#cybersecurity #malware #ransomware #cryptoscams #threatintel #infosec #rustlang #phishing #APT29 #pigbutchering #usdt #doj #fbi #cybercrime #securityresearch #zerotrust #threatdetection #reversengineering

@jpmens

#fediverse #Scam #Pigbutchering ?

NYT deep-ish dive on the world's largest cryptocurrency driven marketplace for drugs, weapons, #moneylaundering services, slaves, etc: #HuioneGuarantee in Camboida.

* NYT: https://www.nytimes.com/2025/03/23/world/asia/cambodia-money-laundering-huione.html
* no paywall: https://archive.ph/CGkoc

#crypto #crime #cambodia #myanmar #SEAsia #pigbutchering #crime #corruption #Tether #EvolveBank

Maybe a success? #pigbutchering #scam #infosec
#Viber
why is it so difficult to report this!
Also very problematic in #Luxembourg

When able to write in such a chat make sure to try and
@all
or similar. Best would be to grab the entire raw list of users and automatically send a warning message.

Scammers are so fickle. I believe the response that I receive is akin to “eff you!”

🤣

#PigButchering #Scams

Decent attempt at a phone number validation operation which could lead to phishing or financial scams.

If you are on the fence, check whitepages.com to see which carrier the number belongs to. No Good Samaritan is going to be texting you from a VOIP service you’ve never heard of. Particularly not Onvoy, which the bad guys tend to prefer.

When in doubt, delete and report. And please have these conversations with your parents, and your children.

#fightback #phishing #scam #pigbutchering #spam #blockandreport

"Huione Pay, the banking arm of what’s been called the world’s 'largest ever illicit online marketplace' (#HuioneGuarantee) has been stripped of its banking license, the National Bank of #Cambodia confirmed to RFA this week."

There's been previous reports of tens of billions of dollars moving through Huiones "anything goes" marketplace for weapons, drugs, slaves, etc. so this is possibly an interesting escalation in the crackdown on Chinese organized crime in southeast asia that seems to have been orchestrated by the #PRC (though some are sceptical if it will end up making any real difference give Huione connections to the Cambodian government).

https://www.rfa.org/english/cambodia/2025/03/06/huione-cambodia-cyberscam-cryptocurrency/

#PigButchering #Huionepay #SEAsia #scams #Crime #fraud #asiapol #myanmar #thailand #laos

Ok y’all, we’ve talked about stock market manipulation and we’ve talked about crypto fraud and the First Crime Family, but have we talked about Howard Lutnick and how money managed by the chair of Trump's transition team keeps showing up in the hands of drug cartels, terrorists, and fraudsters?

The Cryptocalypse Chronicles has a multi post series, of which part two is a "follow the money" deep dive into how Howard Lutnick manages roughly $100 billion for #Tether, and does business with gangs and sanctioned individuals and nations like Hamas, North Korea and Iran, and funds #pigButchering scams and illegal weapons and drug trades.


#USpol #USpolitics #Trump #cantorfitzgerald #HowardLutnick #USDT #Terrorism #fraud #scams #Theft #cartels #DonaldTrump #SBF #crypto #cryptocurrency #bitcoin

https://cryptadamus.substack.com/p/trumps-transition-team-is-tethered