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Authorities Freeze $3.5M in Crypto as Europol, DOJ Disrupt ‘SocksEscort’ Proxy Network

Authorities Freeze $3.5M in Crypto as Europol, DOJ Disrupt ‘SocksEscort’ Proxy Network

In brief

  • Europol and partners announced the disruption of the “SocksEscort” malicious proxy service and the freezing of $3.5 million in cryptocurrency linked to the operation.
  • The network allegedly compromised more than 369,000 routers and IoT devices and offered customers more than 35,000 proxies.
  • The U.S. DOJ said the service enabled fraud including bank and crypto account takeovers, citing a New York victim allegedly defrauded of $1 million in crypto.

European and U.S. authorities have announced the dismantling of a major malicious proxy operation tied to malware-infected home and small-business routers, freezing $3.5 million in cryptocurrency and seizing infrastructure used to support fraud.

Europol said the March 11…

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