A foreign national has admitted his central role in ransomware attacks that disrupted businesses across the United States.
The defendant, extradited from abroad, entered the plea in federal court on charges of conspiracy and computer fraud, says the U.S. Department of Justice.
Prosecutors link him directly to the Ryuk ransomware strain used in operations against U.S. companies during 2019 and 2020.
Authorities describe the scheme as a coordinated effort that encrypted victim systems and demanded payments for decryption keys.
“Vardanyan worked with his co-conspirators to attack a company in Michigan that paid 200 bitcoin or over $1.1 million at the time of payment to restore access to their network. They also attacked a company in Wilsonville, Oregon, and in February 2020 attacked a school in Texas.
Vardanyan and his co-conspirators illegally accessed computer networks of victim companies and deployed ransomware on hundreds of compromised servers and workstations. Vardanyan and his co-conspirators are alleged to have received approximately 1,610 bitcoins in ransom payments from the victim companies, which was valued at over $15 million at the time of payment.”
The guilty plea resolves the case without a trial and highlights ongoing international efforts to hold ransomware operators accountable.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Foreign National Admits Guilt in $15,000,000 Bitcoin Ransomware Attacks on U.S. Firms appeared first on The Daily Hodl.
An Armenian national extradited to the U.S. pleaded guilty to conspiracy and computer fraud charges tied to Ryuk ransomware attacks that targeted American companies from 2019 to 2020.
The post Foreign National Admits Guilt in $15,000,000 Bitcoin Ransomware Attacks on U.S. Firms appeared first on The Daily Hodl. Scams, Hacks & Breaches, Bitcoin, BTC, Michigan, News, ransomware, scam
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.