June 24, 2024 at 09:57AM The US Department of Justice has filed charges against four Vietnamese individuals for cyberattacks that resulted in over $71 million in damages to US companies. The defendants, believed to be part of the cybercrime group FIN9, utilized phishing and other methods to compromise victim networks and steal private information and … Read more
June 17, 2024 at 04:01PM Two men, Thomas Pavey and Raheim Hamilton, have been charged in a Chicago federal court for operating “Empire Market,” a dark web marketplace that facilitated over $430 million in illegal transactions, including the sale of drugs, counterfeit money, and stolen items. If convicted on all counts, they could face life … Read more
June 6, 2024 at 09:35AM The US Justice Department seeks to recover over $5 million stolen from a trade union by cyber scammers through a BEC scam. The fraud involved spoofing emails, recruiting money mules, and rapidly moving funds between bank accounts. The department aims to stop such scams, which cause estimated daily losses of … Read more
May 29, 2024 at 08:24AM The U.S. Department of Justice sentenced Malachi Mullings to 10 years for laundering $4.5 million through BEC and romance scams. He opened fake bank accounts and used the proceeds for luxury items. Meanwhile, Russian citizen Evgeniy Doroshenko has been indicted for selling access to corporate networks on cybercrime forums. Both … Read more
May 22, 2024 at 02:05PM Malachi Mullings, a Georgia resident, has been sentenced to a decade in prison for laundering $4.5 million obtained from scams targeting healthcare providers, private companies, and individuals. Facilitating business email compromise and romance scams, he defrauded victims, including elderly individuals, and used the money to make extravagant purchases while concealing … Read more
May 20, 2024 at 03:40PM Rui-Siang Lin, the owner of Incognito Market, a dark web marketplace for selling illegal narcotics, was arrested at JFK Airport. The market facilitated over $100 million in illegal drug sales. Lin had ultimate control over employees, vendors, and customers. He could face life in prison for several criminal charges. Lin … Read more
May 19, 2024 at 06:30AM Two Chinese nationals, Daren Li and Yicheng Zhang, have been charged by the U.S. Department of Justice for allegedly orchestrating a $73 million pig butchering scam involving cryptocurrency investment fraud. They face charges of money laundering and could be sentenced to 20 years in prison for each count if convicted. … Read more
May 17, 2024 at 02:36PM Three individuals have been arrested for allegedly facilitating North Korea’s attempts to fund its weapons program using US money. They are accused of using various methods, such as securing jobs and running a laptop farm, to extract funds from the US economy. The scheme involved defrauding major US companies and … Read more
May 17, 2024 at 12:06PM The U.S. Department of Justice charged two suspects for leading a crime ring that laundered over $73 million from cryptocurrency scams known as “pig butchering.” Victims were lured through messaging and social media platforms, with funds drained into accounts under the fraudsters’ control. The defendants face up to 20 years … Read more
May 15, 2024 at 02:37PM Two brothers, Anton Peraire-Bueno and James Pepaire-Bueno, were indicted by the U.S. Department of Justice for allegedly manipulating the Ethereum blockchain to steal $25 million worth of cryptocurrency in a scheme that took just 12 seconds to execute. If convicted, they face a maximum penalty of 20 years in prison … Read more