The FBI Ran an ‘Elon Musk’ Crypto Money Laundering Scheme for a Year
After being hijacked by the FBI, a cybercrime ring was operated by federal agents for close to a year, and it’s exactly as sketchy as it sounds.
As first reported by 404 Media, the FBI’s year-long operation of the dark web money laundering operation “ElonmuskWHM” advertised on shady forums like White House Market allowed criminals to “cash out” their cryptocurrency—profits from drug deals, ransomware attacks, and other nefarious deeds—without ever revealing their identities.
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Cybercriminals could send their digital loot and receive cash in the mail, with ElonmuskWHM (then the FBI) receiving a hefty 20 percent cut in exchange.
The FBI didn’t just infiltrate ElonmuskWHM the way…
