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House Tech Ransomware gang member extradited to All of us from Canada, $28M inside BTC seized

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A previous Canadian government employee offers been extradited to america to face cable fraud charges and conspiracy to commit personal computer fraud regarding the his role inside the notorious ransomware gang NetWalker.

According to a Section of Justice (DoJ) declaration, Sebastien Vachon-Desjardins conspired to harm a protected personal computer to transmit a ransom need intentionally.

U.S. authorities have already been heading after Vachon-Desjardins for quite a while and liaised making use of their Canadian counterparts to bust him. On January 27, 2022, Canadian authorities arrested him in Gatineau, Quebec, and executed a research warrant in his house, where they discovered and seized 719 BTC, valued at only over $28 million at that time and CAD 790,000.

While exemplified by the seizure of cryptocurrency by our Canadian partners, we shall use all legally offered avenues to pursue seizure and forfeiture of the alleged proceeds of ransomware, whether situated domestically or even abroad, Assistant Attorney Common Kenneth A. Polite Jr. commented.

He additional that the U.S. authorities will keep seeking and seizing electronic asset ransoms, therefore thwarting the efforts of ransomware actors to evade police by using virtual foreign currency.

NetWalker ransomware was initially uncovered in August 2019. It functions by compromising a system and encrypting all gadgets linked to it. When executed, it uses an embedded construction which includes a ransom note, ransom note document names, along with other configuration choices, Israeli cybersecurity organization Cynetnotes.

In its news release, the DoJ claimed that NetWalker acquired targeted various victims globally, from multinational businesses, municipalities and hospitals to police agencies, colleges and college districts.

Attacks have particularly targeted the healthcare industry through the COVID-19 pandemic, benefiting from the worldwide crisis to extort victims, DoJ added.

Seeing that CoinGeekreporteda 12 months ago, U.S. authorities disrupted the ransomware within an procedure that brought together police agencies from six countries. They relied on blockchain analytics equipment from Chainalysis, and Sebastien had been among the key users of the ransomware gang they determined at that time.

As information by Chainalysis demonstrated, NetWalker was among the ransomware that got received the best amount of ransom previously five years.

View: CoinGeek NY panel, Investigating Criminal Exercise on the Blockchain

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