Ukrainian police detain gang who laundered funds for Russian hacking groups

Ukraine's national police detained suspects on Monday for stealing funds from cryptocurrency wallets and laundering profits for cybercrime organizations. The post Ukrainian police detain gang who laundered funds for Russian hacking groups appeared first on The Record by Recorded Future.

Ukrainian police detain gang who laundered funds for Russian hacking groups
Ukraine-cyber-arrests

Ukraine’s national police detained suspects on Monday for stealing funds from cryptocurrency wallets and laundering profits for cybercrime organizations.

The arrests took place as part of a joint investigation with US authorities, the Ukrainian National Police (NPU) said in a press release on Monday.

An undisclosed number of suspects were detained following house searchers across the country.

Authorities said they seized both hardware resources and software programs used to infect users with malware and launder criminal proceeds.

“During the investigation, police found that the suspects were disguised under various nicknames on the Darknet network,” the NPU said on Monday.

“They used an extensive network of fictitious personas, as well as financial systems, and conducted complex operations to launder criminal proceeds in the interests of cybercriminals.”

A spokesperson for the US Department of Justice did not return an email sent on Monday seeking additional information on the investigation.

The post Ukrainian police detain gang who laundered funds for Russian hacking groups appeared first on The Record by Recorded Future.