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Conti Ransomware Hacker Sentenced After Group Attacked Over 1,000 Victims Worldwide
Ukrainian national Oleksii Lytvynenko sentenced to four years in US prison for his role in Conti ransomware attacks on 1,000+ victims.
Oleksii Oleksiyovych Lytvynenko, 44, pleaded guilty to conspiracy to commit wire fraud for working as a developer and intruder in the Conti ransomware operation, coding a malware loader and handling data stolen from 12 victims. Conti compromised over 1,000 victims across 47 US states and 31 foreign countries between 2020 and 2022, generating more than $150 million in ransoms. He was arrested in County Cork, Ireland in July 2023 and extradited to the US. The sentencing is part of a wider US investigation into the Conti and TrickBot ecosystem.
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Risky Bulletin: White House lets private companies carry out offensive cyber ops
A White House memo directs DHS to create a program letting vetted private companies conduct US-government-directed offensive cyber operations against cybercrime.
A presidential memo tasks the DHS National Coordination Center with building a program, under DOJ and DHS oversight, through which private-sector companies can conduct offensive cyber operations against large-scale cybercrime organizations. Requirements include secure facilities, vetted personnel, a $1 million escrow for damages, and written approvals co-signed by DHS and DOJ executive directors. The program must launch within 60 days, around October 11, expanding a March executive order targeting scam compounds, ransomware, and other large-scale cybercrime.
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U.S. Disrupts Xinbi Guarantee Scam Marketplace, Freezes $52.8 Million in Crypto
US DOJ and Treasury disrupt Xinbi Guarantee Telegram scam marketplace, sanctioning it and freezing $52.8M in USDT across 52 wallets.
The DOJ seized Xinbi Guarantee's Telegram channels and cryptocurrency wallets while OFAC sanctioned the marketplace, freezing $52.8 million in USDT from 52 wallets and bringing the Scam Center Strike Force's total restrained funds to roughly $938 million. Elliptic, which worked with the Secret Service, estimates Xinbi has processed $30 billion in transactions since around 2022, serving pig-butchering scam operators and links to North Korean hackers, Jin Bei Group, and Prince Group TCO. The strike force dismantled 13 scam compounds in Madagascar, seizing over 3,200 devices and interviewing roughly 400 arrestees, with about 30 Chinese compound leaders repatriated to China. After Tether froze funds, Xinbi began converting remaining USDT into the USDD stablecoin.
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