A Russian-Ukrainian Gang of Cybercriminals Was Arrested in Spain

The Spanish police have arrested a gang of cybercriminals, consisting of citizens of Russia and Ukraine, who, according to suspicions, participated in the theft of more than $1.24 billion from financial institutions around the world. Subsequently, the illegal money was converted to Bitcoin, Cointelegraph reports.

The gang leader, a Ukrainian Denis K. and three suspected accomplices were identified and arrested in the Spanish city of Alicante, according to the statements by the Spanish police and Europol. During their more than 5 years of criminal activity, the scammers have stolen more than 1 billion euros ($1.24 billion) from more than 100 financial institutions around the world.

According to the authorities, almost all Russian banks were affected, and half of them lost money as a result of the attacks.

The criminal got access to internal banking networks by sending phishing emails with virus attachments to the bank officials. The program provided control over the infected equipment, allowing them to hack ATMs and use machines to withdraw unlimited amounts of money.

The attackers did not spend money, but exchanged them for BTC instead. After the conversion, the cryptocurrency was used to purchase various assets, including real estate and vehicles in Spain.

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