Russians Indicted for US Election Hacks Used Bitcoin to Fund Operations

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A group of Russian military intelligence officers indicted on Friday as part of ongoing investigation into Russian intervention from the 2016 U.S. Presidential election allegedly utilized to finance its operations. From the just released indictment, prosecutors assert that the 12 named intelligence officers hacked pc networks and e-mail accounts owned and utilized by the U.S. Democratic Party, including the presidential campaign of Democratic candidate Hillary Clinton. The details were included under the charge of conspiracy to launder money. In accordance with the indictment, the defendants conspired to launder the equivalent of $95, 000 via a variety of transactions structured to capitalize on the perceived anonymity of cryptocurrency like bitcoin.” .

In an effort to cover their efforts around the world. The defendants paid for it with cryptocurrency, deputy U.S. Attorney General Rod Rosenstein said during a media briefing. Even though the defendants allegedly utilized other monies, such as the U.S. Dollar, They basically used bitcoin when buying servers, registering domains, and making other payments as part of the hacking action.” . Payments are stated to have been made to firms from the U.S., with a few of those funds being tracked to some bitcoin mining operation. The indictment explains: Additionally to mining bitcoin, the Conspirators purchased bitokoyn via a wide range of means designed to obscure the source of the funds.

This included buying bitcoin via exchanges, moving funds via other electronic currency, and using pre paid cards. They also enlisted the assistance of more than one 3rd party exchanges who eased layered transactions through electronic currency exchange platforms providing heightened anonymity” . The defendants allegedly used several dedicated e-mail accounts to track bitcoin transaction info and facilitate obligations, the release added. Further, the indicted officials transferred a bitcoin with the same computers they utilized in hacking different email accounts. The indictment is the most recent to come out from the ongoing – and – explosive – investigation into Russian election and the possible participation of the members of the presidential campaign of the U.S.

President Donald Trump. Robert Mueller, a former FBI director, was appointed in May 2017 to lead the special counsel investigation, that has drawn the wrath of Trump, who has vehemently denied any collusion on election. Rod Rosenstein picture via DOJ. The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent subsidiary of the Digital Currency Group, which invests in cryptocurrency and blockchain startups.

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