The Spanish police forces arrested a gang of russians and ukrainians nationals who are suspected in stealing more than $1.24 billion from financial institutions worldwide and converting them into Bitcoin (BTC). This is reported by Cointelegraph.
According to the Spanish police and Europol, the leader of the gang from Ukraine “Denis K.” and his three partners accomplices of Russian and Ukrainian origin, have been identified and arrested in the Alicante city. In 5 years criminals were able to still round EUR 1 000 000 000 ($1.24 bln) from financial institutions across the globe.
Criminal targeted more than 100 financial institutions; they alleged were able to get away every time with aroun 10 000 000 EUR. As alleged by police, almost all banks from Russian are the victims of the gang; about 50 of them did lose money in the attacks.
Gang used phishing emails with malicious attachments to bank officials to gain access to internal banking networks. Malware provided criminals with control over infected hardware, allowing them to compromise ATMs and use the machines to withdraw unlimited sums of money
Criminals didn’t spend the stolen cash but instead exchanged it into bitcoins. Once converted, the cryptocurrency was used for purchasing different assets, including real estate and vehicles in Spain.