According to the Associated Press, Spanish police arrested a gang of criminals, consisting of citizens of Russia and Ukraine, which, according to the prosecution, participated in the theft of more than 1.24 billion US dollars, and the stolen funds were laundered with the help of cryptocurrency.
According to statements by the Spanish police and Europol, the leader of the gang, a Ukrainian known as “Dennis K.” and three other persons of Russian and Ukrainian origin, were arrested in the Spanish city of Alicante. In 5 years of its activity, the criminals reportedly stole more than € 1 billion (1,24 billion) from various financial institutions around the world.
The criminals were mainly engaged in cybercrime. Among the victims of more than 100 different financial institutions, and some of the crimes they brought about 10 million euros. According to the police as a result of the activities of this group suffered almost every Russian Bank.
The gang had gained access to internal Bank networks using phishing emails with attachments. With the help of a special program, the attackers had gained control of banking systems and withdraw almost unlimited amounts of money through ATMs.
AP reports that the cybercriminals did not waste cash, but instead change them to bitcoins. After the conversion to crypto-currencies, criminals used these funds to purchase real estate and vehicles mainly in Spain.