Reported 4 months ago
The United States Department of Justice reported the arrest of Chinese national Wang Yunhe, who was detained on charges related to the creation and distribution of malware used in cyber attacks, large-scale fraud, and child exploitation. The DOJ revealed that from 2018 to July 2022, Wang received $99 million from the sale of hijacked IP addresses which cybercriminals used to bypass financial fraud detection systems, resulting in billions of dollars in losses. Wang used the illicit proceeds to purchase properties and assets in various countries, including the United States, China, and Singapore.
Source: YAHOO