Articles
Crypto Market Analysis

DOJ and Europol take down SocksEscort network tied to crypto fraud

User Image

익명에 의해

생성됨 March 13, 2026|2 분 독서
Main Image

Law enforcement agencies seized 34 domains, 23 servers and froze $3.5 million in crypto linked to SocksEscort, a proxy service that hijacked 369,000 devices.

US and European authorities said Thursday they had disrupted SocksEscort, a malicious proxy service used by cybercriminals to hide their identities while carrying out fraud, including cryptocurrency account takeovers.

The DOJ said the service compromised at least 369,000 routers and other internet-connected devices in 163 countries, giving cybercriminals control over proxies that hid their true IP addresses.

The platform reportedly enabled crimes, including bank fraud and cryptocurrency account takeovers, since 2020. In one case cited by prosecutors, a victim in New York lost roughly $1 million in cryptocurrency.

Authorities said they seized 34 domains, disrupted about two dozen servers across seven countries and froze about $3.5 million in cryptocurrency linked to the operation.

To access the proxy service, customers used a payment platform that allowed them to purchase it anonymously with cryptocurrency, according to a statement by Europol.

Investigators estimate that SocksEscort received at least 5 million euros ($5.7 million) from its users.

“Proxy services like ‘SocksEscort’ provide criminals with the digital cover they need to launch attacks, distribute illegal content and evade detection,” Europol Executive Director Catherine De Bolle said.

“Operations like this show that when investigators connect the dots internationally, the infrastructure behind cybercrime can be exposed and shut down,” she added.

The takedown was part of a coordinated international effort that included law enforcement agencies from Austria, France, the Netherlands, Germany, Hungary, Romania and the US.

The FBI Sacramento Field Office, the Department of Defense Office of Inspector General’s Defense Criminal Investigative Service, and IRS Criminal Investigation Oakland Field Office were among the US agencies involved. Europol and Eurojust provided investigative and operational support for the cross-border operation.

Related: Sweden probes reported leak of e-government platform source code

The DOJ also acknowledged the assistance of Black Lotus Labs, the threat intelligence unit of the US telecom company Lumen Technologies, and the nonprofit organization Shadowserver Foundation, which provided technical intelligence during the investigation.

According to The Hacker News, SocksEscort relied on malware known as AVrecon, details of which were publicly documented by Black Lotus Labs in July 2023.

Magazine: All 21 million Bitcoin is at risk from quantum computers

Source: CoinTelegraph


최근에 발행된 다른 기사들

Crypto consolidates as volatility cools and futures markets tilt bearish
Crypto consolidates as volatility cools and futures markets tilt bearish

Bitcoin

Bitcoin holds a tight range as altcoins rally on low liquidity, but derivatives data and options ske...

Crypto snoozes into Good Friday as oil and macro stir: Crypto Daybook Americas
Crypto snoozes into Good Friday as oil and macro stir: Crypto Daybook Americas

Crypto Market Analysis

Your day-ahead look for April 3, 2026Source: CoinDesk...

Ethereum Foundation stakes another $93 million ether, reaching its 70,000 ETH target
Ethereum Foundation stakes another $93 million ether, reaching its 70,000 ETH target

Ethereum

The foundation deposited the bulk of its planned staking commitment in a single session, completing ...

Canada’s bid to ban crypto donations highlights transparency issue
Canada’s bid to ban crypto donations highlights transparency issue

Crypto Market Analysis

A new bill in Canada would ban crypto donations to political parties, a move which election overseer...

Crypto hackers steal $169M from 34 DeFi protocols in Q1: DefiLlama
Crypto hackers steal $169M from 34 DeFi protocols in Q1: DefiLlama

DeFi

January saw the largest attack against a DeFi protocol of the quarter, the $40 million private key c...

South Korean brokerage Korea Investment & Securities eyes Coinone stake: Report
South Korean brokerage Korea Investment & Securities eyes Coinone stake: Report

Crypto Market Analysis

The reported acquisition talks come as South Korea is considering a 20% cap on major crypto exchange...