Mueller Report: Russia Used Bitcoin into Fund DNC Hacks

cryptocuser 2 min read 140

Mueller Report: Russia Used Bitcoin to Fund DNC Hacks

Some of these findings were noted within an 2018 indictment in the DOJ. However, with its report, the Mueller analysis instills feelings that autocratic regimes such as North Korea and Russia are utilizing bitcoin and other cryptocurrencies to bypass U.S. and global sanctions. This shadow market, in effect, enables these regimes without instantly alerting global governments, to fund activities that are illicit the role bitcoin filled through its hindrance from the 2016 election. North Korea has orchestrated numerous South Korean crypto exchange hacks to fulfill its coffers while Russia pulled its reservations from mining.
Two military components of the GRU, the report continues some 30 pages after, hacked into computer hardware belonging to Clinton’s campaign, the Democartic National Committee (DNC) and the Democratic Congressional Campaign Committee (DCCC), leading to email leaks which revealed that the DNC gave Clinton preferential treatment throughout the 2016 Democratic primaries.

Within the write-up that is mammoth, a segment details bitcoin’s role in bankrolling the government endeavors.
The culmination of a recent analysis, the”Report On The Investigation Into Russian Interference From The 2016 Presidential Election” details the findings which Special Counsel Robert Mueller and his team detected through their inquiry into whether or not the Trump campaign colluded together with Russia to violate Hillary Clinton’s 2016 conduct to the presidency.
“… cyber intrusions (hacking) and sparks of hacked materials [were] harmful to the Clinton Campaign,” the report reads about its fourth page. “The Russian intelligence agency known as the Main Intelligence Directorate of the General Staff of the Russian Army (GRU) completed these operations.”
While CEX.io employs a strict KYC/AML plan, this didn’t impede Russian government agents from maintaining an account. However, Mueller’s team finally discovered Russia’s action, even though it evaded CEX.io and the regulations which are intended to keep tabs on these trades.

When asked in the Economic Club of Washington at January 2018 whether or not such action is a cause for concern, U.S. Treasury Secretary Steven Mnuchin affirmed,”I do not think that’s an issue,” adding that cryptocurrency trades are held to the same KYC regulations as banks.

A subunit of one of both of these subdivisions conducted”that a bitcoin mining procedure to secure bitcoins used to buy computer infrastructure used in hacking operations,” the report states. Others conducted”spearphishing campaigns” or created specified malware to obtain entry to DNC hardware and data.

An intelligence division of the Russian government utilized bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U.S. presidential election, the Mueller Report maintains.

According to the report, this IT unit saved these bitcoin on the U.K.-based CEX.io, a cryptocurrency cloud mining agency and swap. They also utilized a part of the mined bitcoin to anonymously buy the domain name “dcleaks.com” on April 19, 2016.