FBI Busts Alleged BreachForums Admin in $250 Bitcoin Sting
The post FBI Busts Alleged BreachForums Admin in $250 Bitcoin Sting appeared on BitcoinEthereumNews.com. A British man accused of operating under the alias “IntelBroker” on cybercrime forums has been indicted for allegedly selling stolen data in a case that caused more than $25 million in damage. The US Southern District of New York Attorney’s Office announced Kai West’s indictment on Wednesday. West allegedly operated on online black markets under the IntelBroker pseudonym and caused in excess of $25 million in damage to victims. Former US Securities and Exchange Commission (SEC) Chair and attorney Jay Clayton was among the people responsible for unsealing the indictment. “This action reflects the FBI’s commitment to pursuing cybercriminals around the world,” he said. West reportedly conspired with online cybercrime group CyberN***ers to steal data from multiple companies. Those included a telecommunications company, a municipal healthcare provider, an internet service provider and over 40 other corporations. Undercover purchase triggered charges According to the complaint, an undercover law enforcement agent sent a private message to IntelBroker to purchase data of a victim for $250 worth of Bitcoin (BTC). An address attributed to West was provided, and after the payment, the data was delivered, allegedly including three admin-level usernames and passwords. West and his online collaborators reportedly offered the illicitly acquired data for sale for over $2 million. He was then arrested in France in February, and the US is currently seeking his extradition. FBI Assistant Director in Charge Christopher Raia said West is a “serial hacker” and that he was able to “sell it for millions in illicit funds.” IntelBroker was active on the now-defunct cybercrime forum BreachForums. Related: Coinbase data leak could put users in physical danger: TechCrunch founder According to the announcement, a review of the 158 threads allegedly started by West offered stolen data for sale, in Forum-1 credits (BreachForums’ internal currency), as well as for free. He was…
The post FBI Busts Alleged BreachForums Admin in $250 Bitcoin Sting appeared on BitcoinEthereumNews.com.
A British man accused of operating under the alias “IntelBroker” on cybercrime forums has been indicted for allegedly selling stolen data in a case that caused more than $25 million in damage. The US Southern District of New York Attorney’s Office announced Kai West’s indictment on Wednesday. West allegedly operated on online black markets under the IntelBroker pseudonym and caused in excess of $25 million in damage to victims. Former US Securities and Exchange Commission (SEC) Chair and attorney Jay Clayton was among the people responsible for unsealing the indictment. “This action reflects the FBI’s commitment to pursuing cybercriminals around the world,” he said. West reportedly conspired with online cybercrime group CyberN***ers to steal data from multiple companies. Those included a telecommunications company, a municipal healthcare provider, an internet service provider and over 40 other corporations. Undercover purchase triggered charges According to the complaint, an undercover law enforcement agent sent a private message to IntelBroker to purchase data of a victim for $250 worth of Bitcoin (BTC). An address attributed to West was provided, and after the payment, the data was delivered, allegedly including three admin-level usernames and passwords. West and his online collaborators reportedly offered the illicitly acquired data for sale for over $2 million. He was then arrested in France in February, and the US is currently seeking his extradition. FBI Assistant Director in Charge Christopher Raia said West is a “serial hacker” and that he was able to “sell it for millions in illicit funds.” IntelBroker was active on the now-defunct cybercrime forum BreachForums. Related: Coinbase data leak could put users in physical danger: TechCrunch founder According to the announcement, a review of the 158 threads allegedly started by West offered stolen data for sale, in Forum-1 credits (BreachForums’ internal currency), as well as for free. He was…
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