• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

U.S. Charges Russian In Ransomware Scheme Worth Up To $200 Million

May 24, 2023
in Crypto News
Reading Time: 2min read
0 0
A A
0
U.S. Charges Russian In Ransomware Scheme Worth Up To $200 Million
0
SHARES
5
VIEWS
ShareShareShareShareShare
Image Source: Pixabay

The U.S. Department of Justice (DOJ) has indicted a Russian man for his alleged participation in several ransomware schemes.

According to a press release from the Justice Department, the individual, identified as Russian national Mikhail Pavlovich Matveev, has carried out cyberattacks on victims across the United States, including on law enforcement agencies and companies in several important sectors.

Matveev, who is also known under the aliases Wazawaka, m1x, Boriselcin, and Uhodiransomwar, participated in conspiracies to deploy three ransomware variants: LockBit, Babuk, and Hive, the DOJ said.

The total ransom received from victims in the attacks is estimated to be up to $200 million, or about half of the estimated $400 million originally demanded by Matveev.

The press release did not saw which cryptocurrencies were demanded as ransom in the attacks.

Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Department’s Criminal Division stated, “From his home base in Russia, Matveev allegedly used multiple ransomware variants to attack critical infrastructure around the world, including hospitals, government agencies, and victims in other sectors.”

He further emphasized the need for a coordinated response to combat such cybercrimes.

The indictments outlined several specific incidents, including attacks on a law enforcement agency in New Jersey, a non-profit healthcare organization, and the Metropolitan Police Department in Washington, D.C.

In each case, the ransomware was deployed to encrypt victim data, and ransom demands were made. Failure to comply often led to the public exposure of sensitive information on data leak sites.

Matveev faces charges of conspiring to transmit ransom demands, conspiring to damage protected computers, and intentionally damaging protected computers.

The investigation into Matveev’s activities involved the cooperation of numerous agencies, both domestic and international, including the FBI, local law enforcement, and cybercrime units from multiple countries.

If convicted, he could face over 20 years in prison.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Binance CEO Says Recent ‘Big Deal’ Development Historically Leads to Bull Runs

Next Post

Top Analyst Issues Dogecoin Warning, Says DOGE Hinting at Danger for All Memecoins

Next Post
Top Analyst Issues Dogecoin Warning, Says DOGE Hinting at Danger for All Memecoins

Top Analyst Issues Dogecoin Warning, Says DOGE Hinting at Danger for All Memecoins

You might also like

Appeals Court Upholds Sam Bankman-Fried’s 25-Year Fraud Sentence in FTX Case: Report

Appeals Court Upholds Sam Bankman-Fried’s 25-Year Fraud Sentence in FTX Case: Report

June 15, 2026
Fireblocks Says Institutional ETH Staking Is Moving Toward Standardized Rails

Fireblocks Says Institutional ETH Staking Is Moving Toward Standardized Rails

June 12, 2026
Spot Bitcoin ETFs Snap Five-Day Outflow Streak With $85.8 Mi

Spot Bitcoin ETFs Snap Five-Day Outflow Streak With $85.8 Mi

June 14, 2026
Bitcoin Addresses Holding Between 100 and 10,000 BTC Hit a 7-Week High

Physical AI Gains Traction, NVIDIA Calls It ‘Next Wave’

June 10, 2026
Why The Bitcoin Price Could Mark A Generational Bottom And Rise Over 200%

Why The Bitcoin Price Could Mark A Generational Bottom And Rise Over 200%

June 11, 2026
Why Is Crypto Up Today? – October 15, 2025

BTC Jumps 3% on Iran Peace Deal But Fed Meeting Keeps Institutions Cautious

June 12, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Analysts Split on Bitcoin’s Bottom, but See Strong Upside Ahead

Analysts Split on Bitcoin’s Bottom, but See Strong Upside Ahead

June 16, 2026
Strategy Buys Another $100M in Bitcoin as BTC Trades Below Cost Basis

Strategy Buys Another $100M in Bitcoin as BTC Trades Below Cost Basis

June 16, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.