logo

US query Russia to burst REvil hackers

REvil hackers

TL;DR Breakdown

  • US push Russian authorities to burst REvil hackers.
  • FSB confiscate $5.5m in cash, crypto after the raid.

REvil hackers are the latest criminals to feel the wrath of Russian authorities who conducted a major raid operation on the notorious ransomware gangs.

On Friday, Russia’s Federal Security Service, or FSB, announced that they conducted a series of raids on 25 addresses associated with 14 REvil hackers in Moscow, St. Petersburg, and Lipetsk.

However, authorities did not specify the number of suspects arrested during the raid. News outlet RIA Novosti released a video depicting several arrests.

During the raid operation, the FSB said it confiscated 426 million rubles ($5.5 million) in cash and cryptocurrency, as well as $600,000 in USD and 500,000 euros. They also seized an unspecified number of crypto wallets and 20 luxury cars.

US behind raid on REvil hackers in Russia

The FSB, in its announcement, stated that the raid was in response to requests from US authorities, which had identified REvil’s leadership. Russia’s ecosystem of cybergangs, especially those focused on ransomware, has become a central issue in relations between the US and Russia over the past year.

For a long time, the American President, Joe Biden has been on the pursuit of the hackers and putting an end to their operation. They became a priority for his government after hackers hit various US establishments and infrastructure in 2021.

Hackers hit the US colonial pipeline in May 2021, impacting computerized equipment managing the pipeline. In response, Colonial Pipeline Company halted all of the pipeline’s operations to contain the attack. With the assistance of the FBI, Colonial Pipeline paid the requested ransom (75 bitcoin or $4.4 million) within several hours after the attack. The hackers then sent Colonial Pipeline a software application to restore their network.

They also hit top American meat supplier, JBS forcing them to pay $11 million ransom to have access back to their systems.

US authorities conducted more aggressive international operations to find leaders of ransomware gangs. A consistent allegation has been that Russian President Putin tacitly condones the operations of cybercriminals within Russia as long as they do not target Russian entities.

Muhaimin Olowoporoku

Muhaimin Olowoporoku

Muhaimin loves writing on crypto news aside from being a crypto enthusiast. He has a knack for analysing issues and updating people on what's happening around the globe. He believes that blockchain and cryptocurrency are the most useful systems of mutual trust ever devised.

Related News

Hot Stories

Top Cryptocurrencies to Invest In December: Chainlink (LINK), Cardano (ADA), and Orbeon Protocol (ORBN)
The Bitcoin Experiment, which made MIT Students Rich
Sebatechnology.com Review: Why is This Broker taking over The Trading World?
A Conversation with Lan Yue, Co-founder & COO of BIT Crypto Exchange: The Master Developer Discusses his Journey, Giving His Life to BIT and the Future of Crypto
CFTC commissioner proposes new tiered crypto regulations for retail investors

Follow Us

Industry News

OpenSea ends 2022 with major partnerships and $1B in NFT royalties
Dealbook interview: New York Times continues to defend SBF & FTX collapse
Terra’s Do Kwon former colleagues targeted by the  latest arrest warrant
Sam Bankman-Fried first ever interview after FTX collapse
PoW crypto mining banned by NY governor: Will mining become extinct? 

Add Your Heading Text Here