<img src="http://www.bitcoingeek.me/wp-content/uploads/2018/02/Russian-National-Arrested-For-Cyber-Crime-In-Bangkok-Allegedly-Had-820-Mln-in-BTC.jpg" alt width="725" height="483" /><br>
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<p>Police have apprehended a Russian citizen believed to be the number two in an international cybercrime organization, the <a href="https://www.bangkokpost.com/news/general/1409694/police-nab-russian-cyber-gangster" target="_blank">Bangkok Post</a> reported.</p>
<p>Sergey Sergeyevich Medvedev was arrested in Bangkok last Friday, Feb. 2, by the Thai Crime Suppression Division (CSD) on a request from the US Federal Bureau of Investigation. A laptop and documents were taken as evidence by the CSD.</p>
<p>A source told The Bangkok post that evidence showed that Medvedev had over 100,000 <a href="https://cointelegraph.com/tags/bitcoin" target="_blank">Bitcoin</a> (BTC) at the time of his arrest, approximately $820 mln. However, the Post wrote that Medvedev’s 100,000 BTC was equal to about 100 mln baht, when it is actually equal to 26,523,087,316 baht.</p>
<p>Medvedev allegedly was an administrator for the Dark Web site Infraud - whose slogan was “In Fraud We Trust” - that dealt primarily in the sale of stolen credit cards and identities and illegally obtained government documents.</p>
<p>On Feb. 7 the US Department of Justice (DOJ) had released an <a href="https://www.justice.gov/opa/press-release/file/1032021/download" target="_blank">indictment</a> of 36 individuals, not including Medvedev, charged with participating in Infraud. The DOJ has now arrested 13 criminals from 17 countries for defrauding victims of over $530 mln as well as over $2.2 bln in losses.</p>
<p><img src="https://cointelegraph.com/storage/uploads/view/12bb8e9672ecdd145a3b3d9cbd24395e.png" width="1600" height="1413" /><br></p>
<p>The coordinated effort to apprehend the alleged perpetrators involved the US, Australia, the UK, France, Italy, Kosovo, Serbia, and additionally Thailand, according to the Bangkok Post.</p>
<p>Infraud was purportedly founded by Ukrainian national Svyatoslav Bondarek in 2010. Bondarek disappeared from online activity in 2015, which is when Medvedev reportedly took control over Infraud.</p>
<p>Cybersecurity news site <a href="https://www.cyberscoop.com/infraud-doj-arrests-svyatoslav-bondarenko-sergey-medvedev/" target="_blank">CyberScoop</a> claims that Medvedev allegedly operated the <em>“escrow service”</em>for Infraud, which, according to the DOJ’s <a href="https://www.justice.gov/opa/pr/thirty-six-defendants-indicted-alleged-roles-transnational-criminal-organization-responsible" target="_blank">Justice News release</a>:</p>

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<p>“facilitate[d] illicit digital currency transactions among its members and employed screening protocols that purported to ensure only high quality vendors of stolen cards, personally identifiable information, and other contraband.”</p>
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<p>It was forbidden within the organization to trade in stolen information from victims located in Russia, a rule common to many cybercrime groups, writes CyberScoop.</p>
<p>The Bangkok Post site is currently unavailable to those located in Russia, but Russian news outlet RBK posted an <a href="https://www.rbc.ru/society/09/02/2018/5a7d41c79a79471e96ee2fc0" target="_blank">article on Medvedev’s arrest</a> with a link to a <a href="https://webcache.googleusercontent.com/search?q=cache:LNJEVFWFThoJ:https://www.bangkokpost.com/news/general/1409694/police-nab-russian-cyber-gangster+&amp;cd=2&amp;hl=ru&amp;ct=clnk&amp;gl=ru" target="_blank">cached version</a> of the Bangkok Post article.</p>

<div>Source Cointelegraph</div>
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