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FBI Working With Europol To Catch Ransomware Gang, $1.3 Million Cryptocurrency Seized – Bitcoin News

lexmor by lexmor
October 6, 2021
in blog
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FBI Working With Europol To Catch Ransomware Gang, $1.3 Million Cryptocurrency Seized – Bitcoin News
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The FBI is working with Europol to catch a ransomware gang and seize $1.3 million in cryptocurrency

A coordinated strike involving Europol, Interpol and the US 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. In addition, $1.3 million worth of cryptocurrency has been seized.

Arrested ransomware operators, crypto grab

The International Criminal Police Organization (Interpol) announced on Monday:

Two prolific ransomware operators suspected of carrying out a series of attacks, demand ransoms of up to 70 million euros [$81 million]They were arrested in Ukraine.

The arrests came in the wake of “a coordinated strike between the French Gendarmerie Nationale (Genédarmerie Nationale), the Ukrainian National Police (Національна поліція України) and the US Federal Bureau of Investigation (FBI), in coordination with Europol and Interpol, the European Union. The Law Enforcement Cooperation Agency (Europol) explained The arrests took place on September 28.

Authorities conducted seven property searches. They confiscated $375,000 in cash, two luxury cars worth €217,000, and $1.3 million in cryptocurrency.

Europol in detail:

The organized crime group is suspected of perpetrating a series of targeted attacks against very large industrial groups in Europe and North America from April 2020 onwards.

Europol continued: “Criminals will spread malware and steal sensitive data from these companies, before encrypting their files.” They then proceed to offer the decryption key in exchange for a ransom of several million euros, threatening to leak the stolen data on the dark web if their demands are not met.

What do you think of this coordinated attack? Let us know in the comments section below.

photo credits: Shutterstock, Pixabay, Wikicommons

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 shall be liable, 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.



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