Home / Today Tech / Infraud Kingpin Arrested, More Than 100,000 Bitcoins Seized by Thai Police

Infraud Kingpin Arrested, More Than 100,000 Bitcoins Seized by Thai Police

Adam James · February 11, 2018 · 7:00 pm

The reigning kingpin of cybercrime market Infraud was once reportedly arrested in Thailand, after which laws enforcement officers seized over 100,000 Bitcoins — just lately worth roughly $822 million. Infraud on the Run Sergey Medvedev, 31, was once reportedly arrested by carefully armed regulation enforcement officers in Thailand on Feb. 2.  Medvedev is the co-founder of Infraud, an internet based mostly marketplace for jail customers and sellers involved with stolen identities, stolen financial institution card information, financial institution card skimming items, ATM compromisers,

Read More

End Excerpt –>

The reigning kingpin of cybercrime market Infraud was once reportedly arrested in Thailand, after which laws enforcement officers seized over 100,000 Bitcoins — just lately worth roughly $822 million.


Infraud on the Run

Sergey Medvedev, 31, was once reportedly arrested by carefully armed regulation enforcement officers in Thailand on Feb. 2. 

Medvedev is the co-founder of Infraud, an internet based mostly marketplace for jail customers and sellers involved with stolen identities, stolen financial institution card information, financial institution card skimming items, ATM compromisers, narcotics, weapons, secure animals, illegally obtained govt paperwork, and completely different illegal wares. The workforce’s motto is “In Fraud We Trust.”

The Russian nationwide was once arrested at his Bangkok condominium on Feb. 2 by request of U.S. authorities, after fleeing to Thailand six years up to now.

According to opinions, 30 CSD officers raided Medvedev’s condominium ultimate Friday, the place they arrested the perpetrator while seizing a laptop computer laptop and quite a lot of different paperwork.

According to The Bangkok Post, the proof seized all around the raid on the Medvedev’s condominium signifies that he had over 100,000 Bitcoins, which have been amassed by way of illegal actions. 

Police Maj. Nathapol Ratanamongkolsak, a CSD inspector, acknowledged:

Mr Medvedev is the highest of a jail group which has affected the worldwide financial system and public normally. He hid his id in our on-line world and traded in illicit items using digital overseas cash to avoid arrest.

Medvedev is able to be extradited to face prosecution within the USA.

Infraud on the Run

Medvedev isn’t the one Infraud cybercriminal arrested ultimate week.

13 of 36 wanted people allegedly involved with Infraud had been taken into custody worldwide, with suspects arrested within the USA, France, the United Kingdom, Italy, Australia, Kosovo, and Serbia. Those on worldwide soil are looking forward to extradition to the USA.

According to US News, Infraud’s main servers had been seized in Paris on Tuesday.

Thai Police Maj. Nuthapong Rattanamongkolsak, the arresting officer, claims officers had been monitoring contributors group for years. “Before the operation could be ready,” he outlined, “they had to recheck their targets in various countries.”

As Bitcoin and cryptocurrency develop to be more and more extra mainstream, world laws enforcement is liable to develop to be increasingly savvy within the case of catching cyber criminals.

Do you assume the raids in opposition to Infraud will help put a forestall to well-liked jail actions paid for with cryptocurrencies? Let us know inside the suggestions beneath!


Images courtesy of Shutterstock

bitcoinCyber crimeInfraudSergey Medvedev Show suggestions

This article was once first and at first revealed at following web site on-line – Source link . All the content material materials and copyrights belong to their distinctive authors.


Source link

About todaytechlife

Check Also

Multi-Million Dollar Properties Are Selling for Bitcoin in San Diego

Adam James · February 16, 2018 · 4:00 pm Since getting crypto rich has grow …

Leave a Reply

Your email address will not be published. Required fields are marked *

Powered by keepvid themefull earn money

%d bloggers like this: