The U.S Section of Justice announced that Romanian duo who were cybercriminals have been caught guilty of infecting more than 400,000 computers with malware to mine crypto and to steal millions of dollars.

Department of Justice published a report on April 11, entitling ‘Two Romanian Cybercriminals Convicted of All 21 Counts’. Per the reports, these cybercriminals Bogdan Nicolescu ( Age – 36 ), and Radu Miclaus (Age – 37 ), were using malware to steal user’s data such as credit card and other information – intends to sell on the dark market websites later. There were almost 400,000 computers these Romanian hijacked and reportedly these computers are associated with US residents.

Moreover, they used to mine cryptocurrency and usually engage online auction fraud. Nonetheless, the reports were confirmed by Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and U.S. Attorney Justin E. Herdman of the Northern District of Ohio. Official reports mentioned that sentencing has been finalized for Aug 14 this year.

The duo was convicted after a 12-day trial of conspiracy to commit wire fraud, conspiracy to traffic in counterfeit service marks, aggravated identity theft, conspiracy to commit money laundering and 12 counts each of wire fraud.

These Romanian began operation in 2007 with sending malicious email messages claiming as it belongs to institutions such as Traditional western Union, Norton AntiVirus and the INTERNAL REVENUE SERVICE. Emails would be sent with file attachment and those who receive and click on a connected file, malware would then download email messages which meantime block sensitive information such as account password and credit card information.

Moreover, this activity is also used to mine cryptocurrencies – as such majority of these accounts belong to US residents, reports added.

However, this is not the first of its kind, while researchers and developers busy building in secure blockchain platform and custodian solutions, scammers or hackers are stepping up with new ideas to fraud people and mine crypto. In fact, the year 2017 recorded many such cases when Bitcoin was touching its peak price nearing $20k.

What do you think about the dark web and cryptocurrency? What’s the best way to combat such activities? Share your thoughts with us.

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Dark Web - Romanian Cybercriminals Caught Committing Fraud to Mine Cryptocurrency

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The U.S Section of Justice announced that Romanian duo who were cybercriminals have been caught guilty of infecting more than 400,000 computers with malware to mine crypto and thus to steal millions of dollars.

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