Two Romanian hackers namely Bogdan Nicolescu and Rady Miclaus will be spending 20 and 18 years respectively in prison for infecting 400,000 computers with cryptominers and stealing sensitive financial and credential data. The duo is said to have stolen millions of dollars from countless unsuspected users.
Both the accused are members of the infamous Romanian hacking group called Bayrob. Nicolescu was the group leader whereas Miclaus served as the co-conspirator. The third accused, Tiberiu Danet, is also a member of the same group. In November 2018, Danet pleaded guilty to eight of the charges and will be sentenced on January 8, 2020.
See: Dutch Police Nabs Romanian Gang for Stealing $590K worth of iPhones
According to the official press release, the duo was found guilty of 21 counts of money laundering, wire fraud, identity theft, and malware development for mining bitcoin and monero cryptocurrencies through utilizing host computers’ resources apart from other crimes.
“These sentences handed down today reflect the dynamic landscape in which international criminals utilize sophisticated cyber methods to take advantage of and defraud, unsuspecting victims anywhere in the world,” said ..
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