Russian confessed to cybercrime using bitcoin. Damage Exceeded $ 568 Million

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Russian Sergei Medvedev admitted involvement in the cybercriminal organization Infraud, which traded stolen personal data, compromised credit cards, malware, and other illegal things. About it reported US Department of Justice.

“Sergei Medvedev, aka Stells, segmed, serjbear, from the Russian Federation, pleaded guilty to US District Court judge James Mahan in Nevada,” the agency writes.

US law enforcement officers found that Infraud was founded in 2010 by a citizen of Ukraine Svyatoslav Bondarenko. Medvedev is also considered one of the organizers.

According to the Ministry of Justice, by March 2017, almost 11 thousand people were involved in the activities of Infraud. Payment through dacrnet marketplace was carried out using cryptocurrencies.

“Over the course of its seven-year history, Infraud caused an estimated loss of about $ 2.2 billion and more than $ 568 million in actual losses to a wide range of financial institutions, sellers and individuals,” the Justice Ministry said.

October 2010 through February 2018 through Infraud was sold 4 million of Visa, MasterCard, American Express and Discover Card customers’ payment card data, the court said.

Please note, the FBI delayed Medvedev in February 2018. At the same time, the Infraud server was closed.

During a search on Medvedev’s accounts, FBI employees discovered 100 thousand bitcoins.

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