Stablecoin

United

Mastermind

Read

<ul>
 <li>Wang’s botnet hijacked 19M IP addresses, facilitating $99M in sales to cybercriminals.</li>
 <li>Authorities seized $130M in digital assets and luxury items from Wang’s global operations.</li>
 <li>The botnet’s VPN service led to millions in illicit profits and $5.9B in fraudulent claims.</li>
</ul>
The American Justice Department (DOJ) has arrested Yunhe Wang, a 35-year-old Chinese national from St. Kitts and Nevis, for his role in a massive botnet scam. Wang is accused of stealing over 19 million compromised private IP addresses and selling them to other criminals.&nbsp;
Cybercriminal’s Sophisticated Scheme
According to the May 29 indictment, Wang created and disseminated malware to build a network of compromised residential Windows computers worldwide. The 911 S5 Botnet is a network that took over 19 million IP addresses.&nbsp;
Following Wang’s sale of these stolen IP addresses to online criminals, a number of crimes, including financial fraud, identity theft, and child exploitation, were made possible. Wang sold these stolen proxied IP addresses for over $99 million between July 2022 and 2018.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 BREAKING: DOJ Shuts Down World's Largest Botnet, '911 S5,' and Arrests Creator Yunhe Wang Scope of Botnet: Infected over 19 million IP addresses in 200 countries. Propagation Method: Malware spread through VPN services and torrent files. Financial Impact: $6 billion loss from…— Kyle Chassé (@kyle_chasse) <a href="https://twitter.com/kyle_chasse/status/1796144080537223311?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 30, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
Seizure of Assets
Authorities seized more than a dozen domestic and international bank accounts, over two dozen cryptocurrency wallets, several luxury wristwatches, 21 residential or investment properties across Thailand, Singapore, the UAE, St. Kitts and Nevis, and the United States, and 20 domain names.&nbsp;
The indictment also lists numerous assets to be confiscated, including luxury cars such as a 2022 Ferrari F8 Spider S-A, a BMW i8, a BMW X7 M50d, and a Rolls Royce.
Blockchain analytics firm Chainalysis <a href="https://x.com/chainalysis/status/1795906805991657737" target="_blank" rel="noopener noreferrer nofollow">revealed</a> that wallet addresses linked to Wang held over $130 million in digital assets earned through illicit activities. The 911 S5 Botnet provided deceptive free VPN services that secretly hijacked users’ IP addresses.&nbsp;
This service generated millions of dollars annually through a subscription model. DOJ officials noted that 911 S5 customers also targeted pandemic relief programs, resulting in over $5.9 billion in fraudulent unemployment insurance claims.
International Operation
A joint operation between law enforcement agencies in the United States, Singapore, Thailand, and Germany led to the seizure of 23 domains and over 70 servers supporting Wang’s operations. Authorities also confiscated $30 million in assets connected to the 911 S5 Botnet.&nbsp;
The DOJ’s successful arrest of Wang and the disruption of his botnet network marks a significant victory in the fight against cybercrime. This case highlights the importance of international cooperation in tackling global cyber threats.
The arrest of Yunhe Wang and the takedown of the 911 S5 Botnet demonstrate the DOJ’s commitment to combating cybercrime. This operation has prevented further financial fraud, identity theft, and exploitation, protecting millions of individuals and their data.
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/ftx-fires-three-of-its-prime-executives-wsj/" rel="noopener noreferrer nofollow">FTX fires three of its prime executives – WSJ</a></li>
 <li><a href="https://cryptonewsland.com/rfk-jr-makes-public-the-reasons-behind-doj-dropping-sbf-charges/" rel="noopener noreferrer nofollow">RFK Jr Makes Public the Reasons Behind DoJ Dropping SBF Charges</a></li>
 <li><a href="https://cryptonewsland.com/babel-finance-turns-to-stablecoin-to-overcome-lending-crisis/" rel="noopener noreferrer nofollow">Babel Finance Turns to Stablecoin To Overcome Lending Crisis</a></li>
 <li><a href="https://cryptonewsland.com/sbfs-emergent-fidelity-firm-files-for-bankruptcy-creditor-eyes-600m/" rel="noopener noreferrer nofollow">SBF’s Emergent Fidelity Firm Files for Bankruptcy, Creditor Eyes $600M</a></li>
 <li><a href="https://cryptonewsland.com/binance-compliance-fra-to-lead-monitoring-efforts/" rel="noopener noreferrer nofollow">Binance Compliance: FRA to Lead Monitoring Efforts</a></li>
</ul>
The post <a href="https://cryptonewsland.com/doj-seizes-130m-from-botnet-mastermind-yunhe-wang/" rel="noopener noreferrer nofollow">DOJ Seizes $130M from Botnet Mastermind Yunhe Wang</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

DOJ Seizes $130M from Botnet Mastermind Yunhe Wang

Crypto News Land

31 May 2024 tarihli diğer yazılar

Investors Show Renewed Interest in Terra

SimpleSwap Launches a Trading Contest With $12,000 prize pool

Biggest Crypto Airdrops To Checkout In June 2024

Chainlink Price Fluctuations and Algorand’s Strategic Alliances; BlockDAG Elevates Crypto Mining ...

Michael Saylor Celebrates Important Bitcoin Anniversary: Details

Best Crypto Investment in 2024: BlockDAG’s Dashboard & Roadmap Lead to 850% Price Surge, Outpacin...

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!