The Federal Bureau of Investigation (FBI) has claimed that Sergey Sergeyvich Medvedev, a Russian nationwide just lately arrested in Bangkok, used to be the co-founder and 2d in command of the Infraud workforce – a infamous world cyber crime syndicate. It has been reported that on the time of his arrest, Mr. Medvedev used to be in ownership of greater than 100,000 bitcoins.
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Accused Cyber Crime Syndicate Co-Founder Arrested in Thailand
Sergey Sergeyvich Medvedev is accused of being the co-founder and 2d in command of the transnational crime syndicate, Infraud. The dark-web market related to the crowd used to be seized and brought offline via U.S. government.
Mr. Medvedev, a Russian nationwide, fled to Thailand six years in the past. Thailand’s Crime Suppression Division (CSD) recognized the thirty-one-year-old as being positioned in Bangkok following an investigation triggered via American requests for cooperation with the FBI.
Maj. Nathapol Ratanamongkolsak of the CSD said that “The United States […] requested assistance from Thai police, and the police commissioner ordered the Crime Suppression Division to work on this case in late 2017.”
Mr. Medvedev in Possession of Over 100,000 Bitcoins
Mr. Medvedev used to be arrested right through a raid on his rental in the Sukhumvit space, performed via 30 CSD officials. The CSD officials seized a lot of paperwork and a laptop computer from Mr. Medvedev.
CSD investigators have claimed that Mr. Medvedev used to be buying and selling unlawful merchandise on-line in change for bitcoin. Thai media outlet, Bangkok Post, has reported that “judging by the evidence obtained during the Feb 2 raid, [Mr. Medvedev] had more than 100,000 bitcoin[s]” – on the time valued at roughly $800 – $900 million USD.
Thailand’s Central Investigation Bureau (CIB) leader, Thitiraj Nhongharnpitak, has showed that the raid happened. However, the CIB leader has declined to factor additional main points in regards to the operation, pointing out that such is a world police topic and that additional information shall be made public quickly.
FBI Cracks Down on Infraud
It is claimed that Infraud used to be created right through 2001 via Mr. Medvedev in partnership with Svyatoslav Bondarenko in Ukraine. Infraud has been described as a big hub for bank card fraud, with Deputy Assistant Attorney General David Rybicki pointing out that the website online used to be “the premier one-stop shop for cybercriminals worldwide.”
Reports have indicated that identical operations designed to arrest 18 participants of Infraud had been performed in over a dozen other international locations – increasing on prior efforts via the FBI to crack down on Infraud, that have in the past noticed the arrest of 32 people suspected of prison involvement with the crowd.
Maj. Nattapol Rattanamongkol said “This is an operation by the [US] Department of Homeland Security that involves spontaneous [raids] in 14 countries.”
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Images courtesy of Shutterstock, Khao Sod
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