Sun. Nov 17th, 2024

US Offers Up to $10 Million for Information on Cybercriminals

US Offers Up to $10 Million for Information on Cybercriminals

The US State Department has announced a reward of up to $10 million under the Transnational Organized Crime Enforcement Program for information leading to the arrest and/or conviction of Timur Shakhmametov and Sergey Ivanov, who are involved in transnational organized crime.

A separate reward (up to $1 million) is being offered for information leading to the identification of other leaders of the Joker's Stash criminal market (in addition to Shakhmametov), ​​as well as other key figures in the transnational criminal groups UAPS, PM2BTC and PinPays (in addition to Ivanov), reports "Voice of"America.

This was announced on Thursday, September 26, by State Department spokesman Matthew Miller.

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The Treasury Department is imposing sanctions on Ivanov and the Russian virtual currency exchange Cryptex, while issuing an order designating PM2BTC as an entity that poses a high-priority threat for money laundering in the context of illicit financial transactions linked to Russia.

These actions are being taken in the context of a coordinated international effort to disrupt Russian criminal activity in cyberspace.

According to the Secret Service, Shakhmametov appears to be the creator/operator of Joker's Stash, one of the most profitable online marketplaces for stealing credit card data and compromised personal information.

Ivanov laundered funds obtained from Joker's Stash. The Secret Service says Ivanov has been a trusted, long-term provider of money laundering services for high-profile cybercriminals since about 2005.

By Sergey Daga

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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