Fun

FBI Works With Europol to Arrest Ransomware Gang, $1.3 Million in Cryptocurrencies Seized

News Feed - 2021-10-06 11:10:53

FBI Works With Europol to Arrest Ransomware Gang, $1.3 Million in Cryptocurrencies Seized


A coordinated strike involving Europol, Interpol, and the U.S. Federal Bureau of Investigation (FBI) has led to the arrest of two “prolific” ransomware operators allegedly responsible for ransom demands of up to 70 million euros. In addition, $1.3 million in cryptocurrencies were seized. Ransomware Operators Arrested, Crypto Seized


The International Criminal Police Organization (Interpol) announced Monday: Two prolific ransomware operators suspected of carrying out a string of attacks, demanding ransoms of up to EUR 70 million [$81 million], have been arrested in Ukraine.


The arrests followed “a coordinated strike between the French National Gendarmerie (Gendarmerie Nationale), the Ukrainian National Police (Національна поліція України) and the United States Federal Bureau of Investigation (FBI), with the coordination of Europol and Interpol,” the European Union Agency for Law Enforcement Cooperation (Europol) explained. The arrests took place on Sept. 28.


The authorities conducted seven property searches. They seized $375,000 in cash, two luxury vehicles worth 217,000 euros, and $1.3 million in cryptocurrencies.


Europol detailed: The organized crime group is suspected of having committed a string of targeted attacks against very large industrial groups in Europe and North America from April 2020 onwards.


“The criminals would deploy malware and steal sensitive data from these companies, before encrypting their files,” Europol continued. “They would then proceed to offer a decryption key in return for a ransom payment of several millions of euros, threatening to leak the stolen data on the dark web should their demands not be met.”


What do you think about this coordinated attack? Let us know in the comments section below. Blockstream"s Liquid Sidechain Criticized Over Long Outage — Block Signing Issue Related to Upgrade NEWS | 12 hours ago Central Bank of Uruguay Describes Roadmap to Crypto Asset Regulation NEWS | 15 hours ago Tags in this story arrests, Europol, FBI, INTERPOL, ransomware, ransomware gang, ransomware operators, Ukraine


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

The New Medici Bank Is About to Take On Its First Crypto Clients
A new crypto-friendly bank with a historic pedigree is about to take on its first clients. Revealed exclusively to CoinDesk, Medici Bank is launching into private beta in October. T
Ethereum vs. Avax Social Media Battles Rage as L1 Fees Keep Rising
Ethereum vs. Avax Social Media Battles Rage as L1 Fees Keep Rising The Ethereum scaling wars are raging on social media due to the problems that this chain is facing, with fees on
Chinese Agency Scraps Plan to Eliminate Bitcoin Mining Industry
More than six months after the China National Development and Reform Commission proposed to categorize bitcoin mining as an industry to be phased out from the country, it appears the agency has now scrapped that plan.
Cardano Price Breakout: Bull Flag Rally Points To Another 50% Surge
Este artículo también está disponible en español. Crypto analyst CoreCrypto has predicted that the Cardano price could enjoy a massive breakout soon enough. The analyst h
Bitquery’s New Streaming API is Changing Web3 Infrastructure Space
Bitquery"s New Streaming API is Changing Web3 Infrastructure Space sponsored Bitquerylaunched its Streaming APIin early March, giving users to access blockchain data in real time.
Report: Walmart Trademark Filings Hint at Retailer’s Intent to Produce Metaverse and NFT Concepts
Report: Walmart Trademark Filings Hint at Retailer"s Intent to Produce Metaverse and NFT Concepts According to a recent report, the American multinational retail corporation that o
OpenAI’s move to for-profit: Is it indeed ‘illegal’?
Helen Partz11 hours agoOpenAI’s move to for-profit: Is it indeed ‘illegal’?OpenAI’s potential transformation into a for-profit corporation is not impossible, but it will likely not be an easy process.1219 Total v
HP-Branded Servers Hijacked to Mine $110,000 Worth of Cryptocurrency
HP-Branded Servers Hijacked to Mine $110,000 Worth of Cryptocurrency Hackers recently took control of a group of HP-branded servers and used them to remotely mine a cryptocurrency
Ana Paula Pereira7 hours agoStablecoins pose lower risk than bank deposits, says ex-Fed policy analystStablecoins cannot be compared to bank deposits in terms of risk, nor can they be compared to money market funds, argu
Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency
Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency While people tend to think of money as being all the same, the fact is governments and banks use
Russian Crypto Exchange Shuts Down Amid Accusations of Exit Scam
Russian Crypto Exchange Shuts Down Amid Accusations of Exit Scam The Russian cryptocurrency exchange Livecoin has shut down amid accusations that it has pulled a
Zhiyuan Sun2 hours agoUniswap to charge 0.15% swap fees beginning Oct. 17Fees will not be collected on inter-stablecoin trades, nor on wrapping Ether.1166 Total views7 Total sharesListen to article 0:00NewsJoin us on soc