Ukraine dismantles billion-yuan cybercrime gang, seizes 3 million USD in cryptocurrency

ME News Report, April 16 (UTC+8), Ukrainian National Police and Internal Security Department conducted a joint operation in the Outer Carpathians, arresting a suspect involved in an international cybercrime group. The group is linked to over $100 million in fraud and money laundering cases targeting the United States and Europe, and has previously been listed as an international wanted person by the FBI. The suspect was found with forged identification documents and had even faked a death certificate to hide their whereabouts. The group used malware to steal personal and corporate data, then extorted victims for ransom payments. Their money laundering methods included purchasing real estate and concealing fund flows through relatives’ names. Authorities seized approximately $11 million in assets, including cash, real estate, vehicles, and about $3 million worth of cryptocurrency, and arrested two additional suspects connected to the case. The suspect faces charges of document forgery and money laundering. (Source: ChainCatcher)