According to a report by blockchain analysis firm TRM Labs, Russian cybercriminals are likely behind the laundering of over $35 million in cryptocurrency stolen from LastPass users. This amount is directly linked to the 2022 LastPass password manager breach and has been gradually withdrawn over several years, potentially extending until the end of 2025.
TRM Labs states that hackers use security protocols and mixing services such as Wasabi Wallet and CoinJoin to conceal the flow of funds, then transfer the assets to platforms connected with Russia. A significant portion has been traced back to Cryptex – a trading platform currently sanctioned by OFAC – and Audi6, another service within the Russian cybercrime ecosystem.
Despite using anonymity technologies, analysts have successfully “unmixed” transactions through on-chain behavior analysis, thereby clarifying the role of cryptocurrency platforms in Russia in facilitating global cybercrime activities.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
