Russian-Ukrainian Cybercrime Gang Arrested In Spain, Allegedly Used BTC To Launder $1.24 Bln


The Spanish police have arrested a cybercrime gang made up of Russian and Ukrainian nationals who have been allegedly considering stealing greater than $1.24 bln from monetary establishments international, due to this fact changing their illicit positive factors into Bitcoin (BTC), Related Press stories ^(http://newsroom.ap.org/detail/text/EU-Spain-Cybercrime/187814286d7147aebf3b670623aeea51) March 26.

In line with statements issued through the Spanish police and Europol, the chief of the crowd, a Ukrainian named “Denis Okay.” and his three suspected accomplices of Russian and Ukrainian foundation, had been known and arrested within the Spanish town of Alicante. Over a length of 5 years, the criminals have reportedly stolen greater than 1 bln euros ($1.24 bln) from monetary establishments around the globe.

The criminals have been allegedly engaged in cybercrime, focused on greater than 100 monetary establishments and infrequently managing to break out with up to 10 mln euros in every heist. As alleged through the government, virtually all Russian banks have been affected and about 50 of them did lose cash within the assaults.

The crowd won get admission to to inside banking networks through sending phishing emails with malicious attachments to financial institution officers. The malware equipped the alleged perpetrators with regulate over affected hardware, permitting them to compromise ATMs and use the machines to withdraw limitless sums of cash.

AP stories that the cybercriminals didn’t spend the ill-obtained money however as a substitute exchanged it into bitcoins. As soon as transformed, the cryptocurrency was once used for buying other belongings, together with actual property and automobiles in Spain.

Again in February 2018, Thai Police apprehended a Russian citizen, Sergey Medvedev, mentioned to be the quantity two individual in a global cybercrime group and administrator of the Darkish Internet website online Infraud. The portal was once used to promote stolen bank cards, identities and illegally acquired govt paperwork. On the time of arrest, Medvedev was once in ownership of over 100,000 Bitcoins (BTC), kind of equivalent to $820 mln on the time.