Romanian duo convicted in US for using cryptocurrency malware-mining to steal millions

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Two Romanian residents have been convicted of infecting over 400,000 individual computers with malware in order to mine cryptocurrency and steal victims’ data to sell on the dark web.

Bogdan Nicolescu, 36, and Radu Miclaus, 37, were convicted by a US jury following a 12-day trial of conspiracy to commit wire fraud, conspiracy to traffic in counterfeit service marks, aggravated identity theft, conspiracy to commit money laundering, and 12 counts each of wire fraud.

The majority of the 400,000 computers Nicolescu and Miclaus hijacked reportedly belonged to US residents

Nicolescu and his co-conspirator Miclaus, who pleaded guilty to the charges, operated the criminal operation from Bucharest (Romania).

Their operation began in 2007 with the creation of proprietary malware,

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Read full article » https://thenextweb.com/hardfork/2019/04/12/romanian-duo-convicted-in-us-for-using-cryptocurrency-malware-mining-to-steal-millions/


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