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An $8.4 Billion Chinese Hub for Crypto Crime Is Incorporated in Colorado

As the underground industry of crypto investment scams has grown into one of the world's most lucrative forms of cybercrime, the secondary market of money launderers for those scammers has grown to match it. Amid that black market, one such Chinese-language service on the messaging platform Telegram blossomed into an all-purpose underground bazaar: It has offered not only cashout services to scammers but also money laundering for North Korean hackers, stolen data, targeted harassment-for-hire, a...

Read more at wired.com

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