September 17, 2024 at 06:11AM Cambodian tycoon Ly Yong Phat, his conglomerate, and O-Smach Resort have been sanctioned by the US Treasury for using forced labor to perpetuate cryptocurrency scams. Workers from various countries were lured under false pretenses, subjected to 15-hour work days, and faced abuse. Sanctions aim to combat cyber scams and address … Read more
August 16, 2024 at 11:03AM A 27-year-old Russian national, Georgy Kavzharadze, has been sentenced to over three years in prison for selling financial information and login credentials on the now-defunct dark web marketplace Slilpp. He is ordered to pay $1,233,521.47 in restitution and is estimated to have made over $200,000 in profits from the illegal … Read more
August 15, 2024 at 08:28AM A 27-year-old Russian national, Georgy Kavzharadze, has been extradited to the US and sent to prison for selling over 297,300 stolen credentials on the now defunct dark web marketplace, Slilpp. The credentials were used for fraudulent transactions totaling $1.2 million. The marketplace allegedly caused over $200 million in damages. After … Read more
May 30, 2024 at 07:54AM The US Justice Department arrested a Chinese national for allegedly running the 911 S5 botnet. The Treasury Department also sanctioned three individuals and three companies linked to the botnet’s creation. The botnet, responsible for infecting 19 million Windows devices, has been disrupted through an international operation involving multiple countries and … Read more
January 5, 2024 at 02:31PM The FBI is expanding cyber-related positions in American embassies, adding six new positions in Brasilia, New Delhi, and Rome. The move aims to enhance coordinated international law enforcement actions to combat cybercrime. This underscores the FBI and Justice Department’s heightened focus on actively disrupting criminal threat actors and reducing ransom … Read more
December 19, 2023 at 02:13PM ‘Operation HAECHI IV’ led to the arrest of 3,500 suspects for lower-tier cybercrimes, seizing $300 million in illicit proceeds. South Korea led the operation with 34 countries’ support. The operation targeted various cybercrimes, froze 82,112 bank accounts, and seized $199 million in hard currency and $101 million in digital assets. … Read more
December 1, 2023 at 05:13PM An international crackdown in Ukraine led to the arrest of a ransomware group responsible for attacks across 71 countries and linked to significant financial losses. Coordinated raids and arrests targeted affiliates of various ransomware strains. The operation saw contributions from multiple nations, including Norway, which suggests connections to prior high-profile … Read more