Infraud on the Run
Sergey Medvedev, 31, was reportedly arrested by closely armed law enforcement officials in Thailand on Feb. 2.
Medvedev is the co-founder of Infraud, an internet market for prison consumers and sellers thinking about stolen identities, stolen bank card info, bank card skimming gadgets, ATM compromisers, narcotics, weapons, protected animals, illegally obtained authorities paperwork, and different unlawful wares. The group’s motto is “In Fraud We Trust.”
The Russian nationwide was arrested at his Bangkok condo on Feb. 2 by request of U.S. authorities, after fleeing to Thailand six years in the past.
According to experiences, 30 CSD officers raided Medvedev’s condo final Friday, the place they arrested the wrongdoer whereas seizing a pocket book pc and several other paperwork.
According to The Bangkok Post, the proof seized throughout the raid on the Medvedev’s condo means that he had over 100,000 Bitcoins, which have been accrued by way of unlawful actions.
Police Maj. Nathapol Ratanamongkolsak, a CSD inspector, mentioned:
Mr Medvedev is the top of a prison group which has affected the worldwide financial system and public typically. He hid his id in our on-line world and traded in illicit objects utilizing digital foreign money to keep away from arrest.
Medvedev is about to be extradited to face prosecution within the US.
Medvedev is just not the one Infraud cybercriminal arrested final week.
13 of 36 wished individuals allegedly concerned with Infraud have been taken into custody worldwide, with suspects arrested within the US, France, the United Kingdom, Italy, Australia, Kosovo, and Serbia. Those on international soil are awaiting extradition to the US.
According to US News, Infraud’s essential servers have been seized in Paris on Tuesday.
Thai Police Maj. Nuthapong Rattanamongkolsak, the arresting officer, claims officers have been monitoring members group for years. “Before the operation could possibly be prepared,” he defined, “they needed to recheck their targets in varied nations.”
As Bitcoin and cryptocurrency turn into increasingly more mainstream, world regulation enforcement is prone to turn into more and more extra savvy relating to catching cyber criminals.
Do you suppose the raids in opposition to Infraud will assist put a cease to widespread prison actions paid for with cryptocurrencies? Let us know within the feedback under!
Images courtesy of Shutterstock
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