Bitcoins collected from the Twitter hack that hijacked dozens of high-profile accounts last weeks are now in the process of being laundered, as the hackers started mixing the BTC using privacy-centric solutions like CoinJoin.

PayPal has reportedly partnered with peer-to-peer trading platform Paxos to launch its cryptocurrency service, as Paxos launched a brokerage service last week.

Argentina’s largest telecommunications firm, Telecom, was hit with a ransomware attack in which at least $7.5 million worth of XMR are being demanded.

Top stories in the Crypto Roundup today:

• Bitcoin Collected From the Twitter Hack Is in the Process of Being Laundered: Report
• PayPal Reportedly Partnered with Paxos to Launch its Crypto Service
• Argentina’s Largest Telecom Hit With Monero Ransomware Attack

At the time of writing, bitcoin (BTC) is trading at $9,184.05 (0.25%) with a daily Top Tier volume of $1.20 bn. As for ether (ETH), it is trading at $238.66 (1.60%) with a daily Top Tier volume of $465.43 million. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,190.00 (-0.30%).

Bitcoin Collected From the Twitter Hack Is in the Process of Being Laundered: Report

The bitcoin collected from the Twitter hack that saw attackers hijack dozens of high-profile accounts to promote a fake cryptocurrency giveaway is now in the process of being laundered, according to a report published by cryptocurrency tracing firm Elliptic.

The report, cited by CoinDesk, revealed that crypto wallets used to collect the over $123,000 worth of BTC the hackers got in total are now using the Wasabi Wallet to mix the coins. Elliptic says it identifies Wasabi wallets based on distinctive transaction patterns.

About 22%, or 2.89 BTC, of the funds received, were moved to a Wasabi Wallet, which uses CoinJoin to combine multiple Bitcoin payments from multiple spenders into a single transaction, making it harder for investigators to understand who moved the coins where.

If the investigators lose the trail, the hackers may be able to move their BTC to cryptocurrency exchanges that enforce know-your-customer (KYC) checks and launder the funds with ease, as the exchanges may not be able to determine the BTC came from the Twitter hack.

PayPal Reportedly Partnered with Paxos to Launch its Crypto Service

Fintech giant PayPal has reportedly partnered with Paxos Crypto Brokerage to launch its upcoming crypto service, with Paxos, a New York State trust charter holder, handling the supply of cryptoassets for the firm.

Paxos Crypto Brokerage was launched last week, and with it came an announcement that its first customer would be the American division of the U.K.-based fintech firm Revolut, which offers bitcoin trading to its users.

A formal announcement of the PayPal relationship with Paxos could come as soon as this week, according to sources familiar with the matter. It isn’t clear which cryptoassets PayPal plans to offer its users, but the move will make it one of the most prominent mainstream firms to offer crypto to its clients, next to Square and Robinhood.

PayPal is reportedly looking to let a portion of its 325 million users buy and sell cryptos via its platform and its Venmo subsidiary. Paxos would handle all regulatory compliance aspects through its brokerage solution.

Argentina’s Largest Telecom Hit With Monero Ransomware Attack

Argentina’s Telecom firm, the country’s largest telecommunications firm, was hit with a ransomware attack in which the attackers are demanding a ransom in Monero (XMR) that can go as high as $15 million.

The attackers’ initial demand was for $7.5 million worth of the privacy-centric cryptocurrency, but the ransom message seemingly included a threat that the ransom will double if it is not paid within a short amount of time.

The attack, according to the firm, did not affect its services but only targeted multiple Windows devices the firm controls that contain sensible and personal information. In the ransom, the attackers give the firm instructions on buying XMR.

Speculators suggest a popular ransomware organization, REvil, is behind the attack Whether the firm is paying the ransom is unclear

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