On 15 September 2017, Wapack Labs observed a new Tor onion involving rogue, foreign money shredders. They claim to be apart of a large network of shredders who devalue Swiss Franc currency by re-circulating, or converting, the Francs into other currencies: U.S. Dollars (USD), Euro (EUR), and the British Pound (GBP). The hard currency that is to be shredded must be deteriorated, have holes, or is a beyond a specific date - laundering only small amounts at a time. In order to procure the cash, they claim to use anonymous bitcoin bribes and violent threats. They state that the currency used is legitimate and legal; warning counterfeit currency is illegal. The legitimacy of their hard currency product(s) is unknown. Wapack Labs will continue to research the groups' capabilities and attempt to identify the actors involved in this currency operation.
Wapack Labs has cataloged and reported extensively on Tor forums and money laundering in the past. An archive of related reporting can be found in the Red Sky Alliance portal.