he hacked into companies and sold access to cybercriminal groups, including Yanluowang. Which deployed ransomware and demanded huge crypto payments.
He caused more than $9 million in losses.
He was arrested in Rome, extradited to the US and ordered to pay $9.17 million in restitution.
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LeakBase was one of the biggest cybercrime forums on the internet and was shut down weeks ago by the FBI and Europol.
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The UK has froze multiple assets linked to Xinbi, an illicit crypto MP with $18b on chain volume for selling stolen data and helping scammers move money, and are trying to cut them off from the legit financial and crypto systems.
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He’s a Mumbai man that trafficked Indians into crypto scam compounds after luring them with fake job offers.
victims were promised jobs in Thailand, but then routed to a different country and forced into crypto fraud operations.
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Estimates wallet value: $4M+
TON address:
UQAWusKWe-G90fJ0tlNemjZ59hSPD8YXw6g-WfA63gi7LSDg
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The group leaked personal photos of Patel along with classified documents on their Telegram channel. This comes just days after the seizure of Handala's digital assets by the FBI.
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He said he will only share them if the FBI publicly issue official charges against the key participants of Conti Ransomware and LockBit. (people in the photo)
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He claims the US government doesn’t prosecute fraud that’s under $1.5M a year.
In the clip he wasn’t talking about com fraud specifically, but it may hint at why com fraudsters rarely face consequences.
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The first has reportedly been used to get many accounts banned even if they didn’t have a human pfp, with multiple users affected.
The second reportedly allows attackers to access accounts without a password, and several OG usernames have already been stolen and swapped.
If you have a valuable username, enable 2FA immediately and hide where your account is based in.
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in 2021, he drained $1.4M, then stole another $53.3M across 26 pools, laundering it through Tornado Cash.
He blew most of the money on Black Lotus, Alpha boosters, Pokémon cards, and Roman coins. Saying “Crypto is fake internet money anyway.”
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The stolen funds were bridged from eth to btc via THORChain.
Eth:
0xC55149BbD560435a9FbEabFdcF9711cf928acA21
Btc:
1D8f8956EEFLXN28AHfioEx4ywVbxCz8KN
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7,784 eth + 26.5 btc were transferred to the HitBTC exchange platform that allows crypto withdrawals without KYC.
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Attacker manipulated the LML/USDT price using loans and walked with $950k which was swapped to eth and deposited into TornadoCash to be laundered.
Attacker:
0x3c00b00007f11c84a6cf0bea4dff8de79be8fb51
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According to Reuters, after citing CCTV and Chinese security officials, he was identified as Li Xiong. Who’s is widely believed online to be the figure referred to as “Boss Xi” a lead in these illicit markets.
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Hackers artificially pumped token prices to trick the platform’s staking system, making their holdings look far more valuable and cashing out the difference.
Whalebit is also ran by a group previously indicted over a $340M ponzi scheme.
Attacker:
0x48880b3dD87638E5eA75905c3A150e8A3aa6CDA9
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The exact details behind the $220M exploit are still unclear.
Attacker:
7RoMqGAcU7S6ESAhPDvB9iSXvASUhuoE8u7dYRxGBew9
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