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US Prosecutes Russian Hacker For Orchestrating $200-M Attack
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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

US Prosecutes Russian Hacker For Orchestrating $200 Million Crypto-Ransomware Attacks

Christian Encila
Christian Encila
2 years ago
3 mins read
Russian hacker

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In a significant development revealing the ever-looming threat of cybercrime, the US Department of Justice has recently leveled charges against a Russian hacker for his alleged involvement in a nefarious crypto-ransomware conspiracy targeting critical US infrastructure.

The gravity of the situation was highlighted as the DOJ, in a press release dated May 16, announced the unsealing of two indictments against this individual, shedding light on the intricate web of criminal activities that have the potential to disrupt vital systems and compromise national security.

Mikhail Pavlovich Matveev, who is known by various aliases such as m1x, Wazawaka, Uhodiransomwar, and Boriselcin, was identified as the accused individual after the unsealed charges made his identity public.

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A Multi-Faceted Attack

According to a press release from the DOJ, Matveev’s attack was directed against a variety of targets across the US mainland, including law enforcement organizations in New Jersey and Washington, DC, as well as the healthcare industry and a number of other fields worldwide.

Federal officials announced a $10 million reward for information leading to the arrest of Matveev on Tuesday.

Russian hacker

Russian hacker Mikhail Pavlovich Matveev in a wanted poster. Image from KrebsonSecurity

According to court documents, federal officials have charged Matveev with conspiring to transmit ransom demands, conspiring to damage protected computers, and intentionally damaging protected computers.

He faces more than 20 years behind bars if found guilty of his crimes.

Russian Hacker Makes Easy $200 Million

Ransomware variations of LockBit, Babuk, and Hive were used in the attack, which dates all the way back to 2020. According to reports, Matveev demanded up to $400 million and seized $200 million.

James E. Dennehy, FBI-Newark special agent in charge, said:

“These malicious actors believe they can operate with impunity – and don’t fear getting caught because they sit in a country where they feel safe and protected. That may be the case now, but the safe harbor may not exist forever.”

In quotes by USAToday and published on Yahoo! News, Dennehy added that when they have an opportunity, they will do “everything in our power to bring Matveev and his ilk to justice.”

The Russian hacker allegedly launched global attacks on hospitals, government organizations, and other targets using several ransomware variants from his base of operations in Russia.

“These international crimes demand a coordinated response. We will not relent in imposing consequences on the most egregious actors in the cybercrime ecosystem,” Assistant Attorney General Kenneth A. Polite, Jr. of the DOJ Criminal Division, said of Matveev.

The US Federal Bureau of Investigation (FBI) has listed Matveev as one of the most wanted cybercriminals. The FBI describes Matveev’s connections to Kaliningrad and St. Petersburg, Russia, and asks people all over the world to be on the lookout for his distinctive physical features, including four fingers on his left hand and a tattoo sleeve on his right arm.

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Coordinated Effort Needed To Defend Key Infra

The charges brought against Matveev mark a step forward in the process of holding accountable those who are responsible for disrupting key infrastructure, as law enforcement agencies continue their fight against cyber threats on a global scale.

In 2022, there were 23% fewer ransomware attacks than the year before. It is predicted that there were 236.1 million ransomware assaults worldwide in the first six months of 2022, data by AAG IT shows.

The need for joint effort to defend the digital landscape and susceptible institutions from the potentially devastating impacts of cyberattacks is highlighted by the requirement for international cooperation to combat these crimes.

-Featured image from Telangana Today

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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