Hackers Ransomware

Ransomware gang with $42 million laundered caught by Ukraine

Details of the Ukraine Cyber Police in collaboration with cryptocurrency exchange Binance show insight into how the group operated. As per reports, they also offered money laundering services of cryptocurrencies through underground forums which are a hotspot for criminals. This led to a source of money from various illegal activities including but not limited to:

  • Spreading malware;
  • Money received by hacking international firms;
  • Stealing money from foreign individual & company bank accounts.

All of these crimes could lead to a penalty time of up to 8 years in prison if convicted.

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