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Bitzlato Virtual Currency Exchange Taken Down in International Effort

The digital infrastructure of the Bitzlato virtual currency exchange was taken down in an international operation involving authorities from the US, France, Belgium, Cyprus, Portugal, Spain and the Netherlands.

How cyber-criminals abuse cryptocurrency exchanges.

Authorities said that nearly half of Bitzlato’s transactions were tied to criminal activity. Five people have been arrested in all: three in Spain, one in Cyprus, and one in the US.

Authorities said that nearly half of Bitzlato’s transactions were tied to criminal activity. Five people have been arrested in all: three in Spain, one in Cyprus, and one in the US.

Note

  • Defeating ransomware has three parts. Step one is making available best practice guidance to protect oneself from ransomware attack; see the ‘Blueprint for Ransomware Defense.’ A second step is not to pay the ransom; over the last year great progress has been made. The third step is removing the currency exchanges used by cybercriminals. Effort along all three parts is necessary, else the cybercriminal will continue targeting organizations.

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