Threat Actor: Russian nationals | Russian nationals
Victim: Coins.ph | Coins.ph
Price: Millions of dollars worth of digital assets
Exfiltrated Data Type: Cryptocurrency
Key Points :
- Two Russian nationals, Sergey Medvedev and Igor Tsvetkov, former employees of Coins.ph, have been indicted for hacking and stealing millions of dollars worth of digital assets.
- The cyberattack involved advanced techniques to breach Coins.ph’s security systems and transfer the stolen cryptocurrency to various accounts.
- The Department of Justice, Interpol, and the FBI collaborated to track down the suspects, highlighting the importance of international cooperation in combating cybercrime.
Manila, Philippines – Two Russian nationals, Sergey Medvedev and Igor Tsvetkov, who were former employees of the cryptocurrency exchange Coins.ph, have been indicted for allegedly hacking into the company’s systems and stealing millions of dollars worth of digital assets. The Department of Justice (DOJ) identified the suspects as members of an international hacking group.
The sophisticated cyberattack involved advanced techniques to breach Coins.ph’s security systems, allowing the hackers to transfer the stolen cryptocurrency to various accounts. The DOJ, with help from Interpol and the FBI, tracked down the suspects, highlighting the need for international cooperation in combating cybercrime.
Justice Secretary Jesus Crispin Remulla emphasized the government’s commitment to pursuing justice for the victims. In response to the breach, Coins.ph has implemented stronger security measures and worked with cybersecurity experts to prevent future attacks.
This indictment underscores the growing threat of cybercrime in the digital age and serves as a reminder for businesses to prioritize cybersecurity. The DOJ continues to urge companies to review their security protocols and report any suspicious activities.