bigstock-arrested-man-in-handcuffs-with-85128803_1.jpg

Russian National Arrested For Cyber Crime In Bangkok, Allegedly Had $8.2 Mln in BTC

Police have apprehended a Russian citizen believed to be the number two in an international cybercrime organization, the Bangkok Post reported.

Sergey Sergeyevich Medvedev was arrested in Bangkok last Friday, Feb. 2, by the Thai Crime Suppression Division (CSD) on a request from the US Federal Bureau of Investigation. A laptop and documents were taken as evidence by the CSD.

A source told The Bangkok post that evidence showed that Medvedev had over 100,000 Bitcoin (BTC) at the time of his arrest, approximately $8.2 mln.

Medvedev allegedly was an administrator for the Dark Web site Infraud – whose slogan was “In Fraud We Trust” – that dealt primarily in the sale of stolen credit cards and identities and illegally obtained government documents.

On Feb. 7 the US Department of Justice (DOJ) had released an indictment of 36 individuals, not including Medvedev, charged with participating in Infraud. The DOJ has now arrested 13 criminals from 17 countries for defrauding victims of over $530 mln as well as over $2.2 bln in losses.

AltcoinToday.com

Photo via Pixabay

Source: Cointelegraph







This is a paid-for submitted press release. BLOCKCHAINFEEDS DOES NOT ENDORSE, NOR IS RESPONSIBLE FOR ANY MATERIAL INCLUDED BELOW AND ISN’T RESPONSIBLE FOR ANY DAMAGES OR LOSSES CONNECTED WITH ANY PRODUCTS OR SERVICES MENTIONED IN THE PRESS RELEASE. BLOCKCHAINFEEDS URGES READERS TO CONDUCT THEIR OWN RESEARCH WITH DUE DILIGENCE INTO THE COMPANY, PRODUCT OR SERVICE MENTIONED IN THE PRESS RELEASE
Shares 0

John Harkes is a freelance writer who has written for several publications in the past about topics ranging from culture to cryptocurrency.