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Crypto Wallet Hacker Is Arrested In Ukraine

10:53 26/12/2018

Ukrainian cyber police arrested a hacker who spread a stealer malware for hacking digital wallets, as the department’s website reports.

 

The 22-year-old man modified and encrypted various viruses in order to hack other people's devices and collect personal data as well as billing information. With this info, the attacker could gain access to the digital wallets of users and withdraw cryptos stored there.

Law enforcers conducted a search in the hacker's apartment and seized computers containing the stealer malware on hard drives. At the moment, the police is trying to identify the owner of the equipment, involved in the crimes.

 

To be anonymous while distributing malware among web users, the hacker used rented virtual servers. Infected devices transmitted passwords, logins, and data on crypto wallets to the fraudster.

 

Ukrainian legislation provides punishment for spreading malware. According to preliminary data, the hacker may be sentenced to two years in prison.

In November 2018, Ukrainian students were sentenced to two years in prison for cyber crimes. Two students, one of whom was a minor at the time of the offence, sold fraudulent software for stealing cryptos. The hackers pleaded guilty and got off with one year of probation.

 

As previously reported, the Ukraine regulators can increase pressure on the crypto sphere and conduct a series of searches in crypto firms due to the recently declared martial law.

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