From thehackernews.com
![ransomware payments](https://thehackernews.com/images/-gneL0c4Sbhs/YNV5BjyA3RI/AAAAAAAAC-8/jbdqjsELwR8Z_QnridTnhogfsY62o3eMQCLcBGAsYHQ/s728-e1000/ransomware-payments.jpg)
The cybercrime ring that was apprehended last week in connection with Clop (aka Cl0p) ransomware attacks against dozens of companies in the last few months helped launder money totaling $500 million for several malicious actors through a plethora of illegal activities.
“The group — also known as FANCYCAT — has been running multiple criminal activities: distributing cyber attacks; operating a high-risk exchanger; and laundering money from dark web operations and high-profile cyber attacks such as Cl0p and Petya ransomware,” popular cryptocurrency exchange Binance said Thursday.