Fun

Russia Busts Revil Ransomware Group on US Request, Arrests 14 Members

News Feed - 2022-01-16 05:01:14

Russia Busts Revil Ransomware Group on US Request, Arrests 14 Members


Russian law enforcement agencies have dismantled the notorious hacking group Revil, believed to be behind ransomware attacks in the U.S. involving cryptocurrency. Although Moscow is unlikely to hand over Russian citizens to Washington, the operation has been carried out on request from the United States, despite heightened geopolitical tensions between the two powers. Russia’s FSB Hits Cybercrime Group Revil


On Friday, the Federal Security Service of the Russian Federation (FSB) announced it has conducted raids against Revil in the capital Moscow, St. Petersburg, Leningrad, and Lipetsk regions, together with the Investigative Department of the Ministry of Internal Affairs (MVD). Law enforcement officers searched 25 addresses and detained 14 alleged members of the organized crime group.


Funds worth over 426 million rubles ($5.6 million) including cryptocurrency, $600,000 and €500,000, as well as crypto wallets, computer equipment used to commit crimes, and 20 high-end vehicles purchased with money obtained from criminal activities were seized, the FSB detailed in a press release, emphasizing: As a result of the joint actions of the FSB and the MVD, the organized criminal community ceased to exist, the information infrastructure used for criminal purposes was neutralized.


FSB added that the arrested individuals have developed malicious software and organized the theft of funds from foreign bank accounts. Russian officials claim to have “established the full composition” of Revil and the involvement of its members in the “illegal circulation of means of payment and documented illegal activities.” US Welcomes Russian Actions Against Hackers


Russia’s main law enforcement agency also said that the operation has been conducted on request of the respective U.S. authorities who shared information about Revil’s presumed leader and his part in attacks on foreign high-tech companies through malicious software used to encrypt data and extort money for its decryption.


The Russian Interfax news agency reported that the Tverskoy Court of Moscow has held two Russians in custody until March 13 — Roman Muromsky, a 33-year-old entrepreneur and web developer with no previous convictions, and Andrei Bessonov, alleged Revil hacker. They have been charged with committing crimes under Part 2 of Art. 187 — “Illegal circulation of means of payment” — of Russia’s Criminal Code. The MVD has asked the court for similar measures against another three detainees.


Revil has been blamed for high-profile crypto ransomware hits in the United States, including the one on the Colonial Pipeline which caused gas shortages on the American East Coast last May. Its perpetrators used ‘Darkside’ encryption software believed to have been developed by the group. Another case was the attack on the world’s biggest meat packing company, JBS, as Reuters reported in June.


In its announcement, FSB noted that Russia has informed U.S. authorities about the results of the operation. The United States welcomed the arrests, with Reuters quoting a senior official as stating: “we understand that one of the individuals who was arrested today was responsible for attack against Colonial Pipeline last spring.” A source familiar with the investigation told Interfax that Russia is not going to extradite any Revil members with Russian citizenship to the U.S. Tags in this story Arrested, arrests, Colonial Pipeline, criminal group, Crypto, crypto ransomware, crypto wallets, Cryptocurrencies, Cryptocurrency, cyberattacks, Darkside, encryption software, fsb, Group, Hackers, MVD, operation, raids, ransomware, Revil, Russia, russian, U.S., U.S. request


Do you expect Russia and the U.S. to cooperate on other cases of cyberattacks involving ransomware and cryptocurrency? Tell us in the comments section below. Lubomir Tassev


Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration. Value Locked in Defi Jumps 2.3% in 7 Days, Ethereum NFT Sales Dominate, Fantom TVL Jumps 26% NEWS | 5 hours ago North Korean Hackers Stole $400 Million in Cryptocurrency Last Year — Ether Accounts for 58% of Stolen Funds NEWS | 19 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleValue Locked in Defi Jumps 2.3% in 7 Days, Ethereum NFT Sales Dominate, Fantom TVL Jumps 26% Next articleMeme Coin Markets Gain Close to 5% in 24 Hours, Dogecoin’s Value Jumps, 3 Meme Tokens See Triple Digit Gains 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 More Popular NewsIn Case You Missed ItNear Foundation Raises $150 Million to Bolster Web3 Adoption


On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% ... read more.Revolut Launches Banking Services in Spain Featuring Deposit Insurance Swiss National Bank Trials CBDC in Transactions With Five Banks Kingdom of Tonga May Adopt Bitcoin as Legal Tender, Says Former Member of Parliament

News Feed

Elon Musk Slams Semafor’s ‘Journalistic Integrity’ — Tesla Exec Says ‘Semafor Is Owned’ by FTX Co-Founder Sam Bankman-Fried
Elon Musk Slams Semafor’s ‘Journalistic Integrity’ — Tesla Exec Says ‘Semafor Is Owned’ by FTX Co-Founder Sam Bankman-Fried Following the significant amount of criticis
Biggest Movers: CVX Nearly 14% Higher, as RUNE Extends Friday’s Gains 
Biggest Movers: CVX Nearly 14% Higher, as RUNE Extends Friday"s Gains  CVX was trading nearly 14% higher to start the weekend, as RUNE extended yesterday’s gains, climbing
Bitcoin’s Hashrate Hits an All-Time High Nearing 300 Exahash per Second
Bitcoin"s Hashrate Hits an All-Time High Nearing 300 Exahash per Second While Bitcoin’s mining difficulty was expected to decrease two days ago on June 8, instead the diffic
Stablecoin Issuer Tether Fulfills Promise by Reducing Commercial Paper Holdings Down to Zero
Stablecoin Issuer Tether Fulfills Promise by Reducing Commercial Paper Holdings Down to Zero On October 13, 2022, Tether Holdings Limited announced that the stablecoin issuer has r
SEC reviews new rules for Bitcoin options trading
Ana Paula Pereira7 hours agoSEC reviews new rules for Bitcoin options tradingThe Securities and Exchange Commission is evaluating whether exchanges’ current surveillance and enforcement mechanisms can handle Bitcoin ex
While Politicians Worldwide Clamor Over Tax Evasion, Pandora Papers Show Bureaucrats Are the Worst Offenders
While Politicians Worldwide Clamor Over Tax Evasion, Pandora Papers Show Bureaucrats Are the Worst Offenders As bureaucrats across the globe continue to ask the common citizenry fo
Polymarket users complain of mysterious Google login wallet attacks
Christopher Roark10 hours agoPolymarket users complain of mysterious Google login wallet attacksThe attacker used a “proxy” function to swipe victims’ USDC balances, but only a small number of Google login users ha
EigenLayer’s EIGEN token unlock looms, futures tip a $6.8B FDV
Alex O’Donnell6 hours agoEigenLayer’s EIGEN token unlock looms, futures tip a $6.8B FDVEigenLayer’s EIGEN token is scheduled to unlock at 5:00 am UTC on Oct. 1 and will start trading on exchanges such as Binance so
Brayden Lindrea3 hours agoSam Bankman-Fried is low on meds, living on $3 peanut butter in prisonThe former FTX CEO’s lawyers say he’s being served a “flesh diet” in prison even though he’s vegan and so he’s b
Compound Finance site potentially breached — ZachXBT
Ezra Reguerra1 hour agoCompound Finance site potentially breached — ZachXBTCrypto investigator ZachXBT has warned users to avoid the Compound Finance website, which appears to have been hijacked and may be redirecting
Bitcoin NFT marketplace Bioniq eyes lofty goal of alleviating network congestion
Gareth Jenkinson10 hours agoBitcoin NFT marketplace Bioniq eyes lofty goal of alleviating network congestionBioniq operates on the Internet Computer Protocol, tapping into native Bitcoin integration to ease the network c
Corporate adoption is in ‘amateur league’ despite Bitcoin ETFs
Zoltan Vardai12 hours agoCorporate adoption is in ‘amateur league’ despite Bitcoin ETFsCorporations could pave the way toward more mainstream crypto industry trust, according to the co-founder of Trust Square.3229 To