The U.S. Department of Justice, or DoJ, charged Andrey Turchin, known under the pseudonym „fxmsp,“ with various federal crimes. Turchin allegedly founded a cyber-crime group targeting the computer networks of several companies. After stealing the data of each company, Turchin’s group allegedly sold the data on the dark web.
Turchin, a 37-year-old citizen of Kazakhstan, is affectionately known on the dark web as „the invisible god of the networks“. He allegedly sold access to thousands of networks compromised by his malware attacks, amassing a fortune in crypto currencies of $1 million over the course of three years.
Bitcoin’s activity on the dark web grew by 65% in the first quarter of 2020, according to a study
The Western District of Washington is conducting criminal prosecution proceedings against Turchin, who is accused of attacking companies based in more than 40 countries.
There are still no arrests
The authorities in Kazakhstan and Britain also helped the U.S. unveil the indictment against „fxmsp. U.S. Attorney Brian T. Moran said
„Cyber crime knows no international boundaries, and stopping it requires cooperation between a number of international partners. I commend Kazakhstan for its assistance in this investigation. I hope that these critical international partnerships among cybercrime investigators will lead to Andrey Turchin being held accountable in a court of law.
Hackers steal a database of thousands of records from MongoDB and demand a ransom
Although the Justice Department announcement did not specify that Kazakhstan’s police had already arrested Turchin, the FBI also identified an unknown number of alleged conspirators. The indictment does not mention their identities.
Structure of fxmsp cyber crimes
The U.S. police detailed the criminal operations allegedly led by „fxmsp“ and how they managed to process the transactions:
A hacker steals a feature on Balancer’s COMP in a second attack within 24 hours
„Prices generally ranged from a couple of thousand dollars to, in some cases, over a hundred thousand dollars, depending on the victim and the degree of access and control of the system. Many transactions occurred through the use of a broker and an escrow account, which allowed interested buyers to sample network access for a limited period to test the quality and reliability of the illicit access.
Cointelegraph recently reported that the total USD value of Bitcoin (BTC) transferred on the dark web increased by 65 percent in the first quarter of 2020, despite a decline in transactions during the same period in 2019.