A Russian guy has been extradited from the Netherlands to the US on suspicion of taking part in a $70m cash laundering conspiracy.
Denis Mihaqlovic Dubnikov, 29, appeared in a federal courtroom in Portland yesterday ahead of a planned jury trial on Oct 4.
Together with various unnamed co-conspirators, he’s alleged to have assisted to launder tens of tens of millions of dollars extorted by menace actors making use of the infamous Ryuk ransomware.
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Dubnikov is personally accused of laundering at least $400,000 in proceeds.
Greatly thought to have been the solution of the similar threat actors powering the notorious Conti strain, Ryuk initially appeared in August 2018.
In accordance to the DoJ, it was employed to concentrate on countless numbers of victims globally across multiple sectors, with legislation enforcement notably worried about the menace it posed to US health care suppliers.
In point, data from November-December 2020 revealed that Ryuk and REvil ended up generally liable for a 45% surge in attacks on the health care sector, as hospitals battled the COVID-19 pandemic.
In January 2021, it was revealed that the team produced at least $150m, according to an examination of 61 cryptocurrency deposit addresses connected to Ryuk. Nevertheless, the overall is probably to be much bigger. A separate analysis claims the Conti/Ryuk procedure could have manufactured as a lot as $2.7bn.
Dubnikov’s case was dealt with by the DoJ’s Ransomware and Digital Extortion Undertaking Drive, an initiative set up by the Biden administration adhering to the Colonial Pipeline attack.
The activity pressure aims to disrupt and prosecute ransomware activity by “tracking and dismantling the advancement and deployment of malware, determining the cyber-criminals liable, and holding all those men and women accountable for their crimes.”
It has previously had some achievements in monitoring and returning some resources paid to ransomware actors by their victims.
In July, $500,000 was returned to several corporate victims of the Maui variant such as two hospitals.
Dubnikov faces a most of 20 yrs guiding bars if uncovered responsible.
Some components of this article are sourced from:
www.infosecurity-journal.com