The post Crypto cyber gang FIN9 indicted in a $71m operation appeared on BitcoinEthereumNews.com.

The FBI has indicted four members of the infamous FIN9 group for orchestrating crypto-related hacking attacks on U.S. companies, which resulted in over $71 million in losses. FIN9 members — Ta Van Tai, Nguyen Viet Quoc, Nguyen Trang Xuyen, and Nguyen Van Truong — allegedly hacked into the computer networks of various U.S. companies. Between May 2018 and October 2021, non-public information — including private data on employee benefits, and funds — was stolen. According to the indictment, the cybercrime members infiltrated company networks through phishing campaigns and supply chain attacks.  The indictment details how members of FIN9 gained unauthorized access to company networks through phishing campaigns and supply chain attacks. Once inside, they deployed malware, stole sensitive data, and extorted money from their victims. They redirected digital employee benefits, such as gift cards, to accounts under their control and stole gift card information from certain victims. The defendants also stole personal information and credit card details from employees and customers of the targeted companies. To conceal their identities, they used the stolen information to register online accounts at cryptocurrency exchanges or server hosting companies. Tai, Xuyen, and Truong allegedly sold the stolen gift cards to third parties via an account registered with a fake name on a peer-to-peer cryptocurrency marketplace. The group’s operations specifically targeted a diverse range of U.S. companies, including those in the technology, manufacturing, and financial sectors.  FBI vs. FIN9 The FBI Newark’s Cyber Squad, led by Special Agent in Charge James E. Dennehy, led the effort. The FBI Little Rock Cyber Squad, under the direction of Special Agent in Charge Alicia D. Corder, assisted the investigation. The case is being prosecuted by Assistant U.S. Attorneys Anthony P. Torntore and Vinay S. Limbachia of the U.S. Attorney’s Cybercrime Unit in Newark. The defendants are facing various…

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Filed under: News - @ June 23, 2024 3:28 am