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Ransomware actors and cryptocurrency scammers have joined nation-state actors in abusing cloud mining services to launder digital assets, new findings reveal.

“Cryptocurrency mining is a crucial part of our industry, but it also holds special appeal to bad actors, as it provides a means to acquire money with a totally clean on-chain original source,” blockchain analytics firm Chainalysis said in a report shared with The Hacker News.

Earlier this March, Google Mandiant disclosed North Korea-based APT43’s use of the hash rental and cloud mining services to obscure the forensic trail and wash the stolen cryptocurrency “clean.”

images from Hacker News