The post German And Ukrainian Police Carry Out Raid On Homes Of Alleged Black Basta Crypto Hackers appeared on BitcoinEthereumNews.com. Law enforcement from fiveThe post German And Ukrainian Police Carry Out Raid On Homes Of Alleged Black Basta Crypto Hackers appeared on BitcoinEthereumNews.com. Law enforcement from five

German And Ukrainian Police Carry Out Raid On Homes Of Alleged Black Basta Crypto Hackers

  • Law enforcement from five countries raided homes in Ukraine to dismantle the Black Basta hacking group.
  • Oleg Nefedov, the group’s alleged ringleader, is now on an Interpol wanted list for his part in the group.
  • The investigation uncovered evidence that linked the group to hundreds of millions in damages.

In January, authorities from Ukraine and Germany led several raids against the Black Basta ransomware group. According to reports, this gang spent years attacking hospitals, companies and government offices across the West. They also reportedly stole crypto, sensitive data and more.

Investigators say that these hackers are responsible for hundreds of millions of euros in damages, and this crackdown is a major win for international cybersecurity.

Coordinated Action to Disrupt the Black Basta Ransomware Group

Police from Germany, Ukraine, the Netherlands, Switzerland and the United Kingdom reportedly joined forces to track the group. 

Europol also provided support to help connect the dots across countries. According to reports, the Black Basta ransomware group has been active since early 2022 and used a “double extortion” method. 

Using this method means that they don’t stop at locking up a company’s files. They also steal private data and threaten to release it if the victim refuses to pay.

Law enforcement and the arrestees | source: Recorded Future

Ukraine’s cyber police focused their efforts on the western regions of the country and identified two Ukrainian nationals as members of the gang. 

These individuals allegedly worked as “hash crackers,” where their job was to take stolen data and use special software to figure out user passwords. Once they had these login credentials, the group could move deeper into a company’s internal systems to cause chaos.

Seizing Digital Evidence in Western Ukraine

Officers found more than just computers during the raids in the Ivano-Frankivsk and Lviv regions. They seized assets like crypto and various storage devices. While the police did not report the exact value of the seized crypto, these assets were likely used to pay for server hosting and other illegal tools.

The Black Basta ransomware group specifically targeted organisations they viewed as “economically viable.” This included Swiss industrial giant ABB and Ascension, the American healthcare provider. 

The hackers would hit these large entities and then demand massive crypto ransom payments. In Germany alone, the group reportedly managed to extort roughly 20 million euros from about 100 different victims over the last few years.

The Hunt for the Alleged Ringleader

While the arrests in Ukraine are important, the main target is still at large. Germany’s Federal Criminal Police Office (BKA) identified Russian 36-year-old Oleg Nefedov as the suspected leader. He allegedly picked the targets, recruited new hackers and managed the ransom negotiations.

Authorities have now placed Nefedov on Interpol’s international wanted list. He is also known to use many online aliases, including “tramp,” “gg” and “Washingt0n.” 

Investigators believe he may be hiding in Russia, where many ransomware leaders seek shelter. Nefedov also reportedly has ties to other notorious groups like Conti, which means that he might be a veteran when it comes to high-class extortion.

A Dark Connection to a Violent Crypto Heist

The investigation became much darker when the hacking group was linked to a fatal crime in Austria last year. 

According to reports, a 21-year-old Ukrainian man was found dead in a burned-out car in Vienna. Police say two men forced the victim to surrender passwords to his crypto wallets. 

Not only this, after draining the accounts, the attackers killed the man and set the vehicle on fire.

Two suspects (aged 19 and 45) were arrested for this murder, and while these men are not the same ones who were caught in the recent raid, the cases show Black Basta as a dangerous organisation. 

Source: https://www.livebitcoinnews.com/german-and-ukrainian-police-carry-out-raid-on-homes-of-alleged-black-basta-crypto-hackers/

Market Opportunity
BLACKHOLE Logo
BLACKHOLE Price(BLACK)
$0.0469
$0.0469$0.0469
+0.62%
USD
BLACKHOLE (BLACK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Buterin pushes Layer 2 interoperability as cornerstone of Ethereum’s future

Buterin pushes Layer 2 interoperability as cornerstone of Ethereum’s future

Ethereum founder, Vitalik Buterin, has unveiled new goals for the Ethereum blockchain today at the Japan Developer Conference. The plan lays out short-term, mid-term, and long-term goals touching on L2 interoperability and faster responsiveness among others. In terms of technology, he said again that he is sure that Layer 2 options are the best way […]
Share
Cryptopolitan2025/09/18 01:15
BlackRock Increases U.S. Stock Exposure Amid AI Surge

BlackRock Increases U.S. Stock Exposure Amid AI Surge

The post BlackRock Increases U.S. Stock Exposure Amid AI Surge appeared on BitcoinEthereumNews.com. Key Points: BlackRock significantly increased U.S. stock exposure. AI sector driven gains boost S&P 500 to historic highs. Shift may set a precedent for other major asset managers. BlackRock, the largest asset manager, significantly increased U.S. stock and AI sector exposure, adjusting its $185 billion investment portfolios, according to a recent investment outlook report.. This strategic shift signals strong confidence in U.S. market growth, driven by AI and anticipated Federal Reserve moves, influencing significant fund flows into BlackRock’s ETFs. The reallocation increases U.S. stocks by 2% while reducing holdings in international developed markets. BlackRock’s move reflects confidence in the U.S. stock market’s trajectory, driven by robust earnings and the anticipation of Federal Reserve rate cuts. As a result, billions of dollars have flowed into BlackRock’s ETFs following the portfolio adjustment. “Our increased allocation to U.S. stocks, particularly in the AI sector, is a testament to our confidence in the growth potential of these technologies.” — Larry Fink, CEO, BlackRock The financial markets have responded favorably to this adjustment. The S&P 500 Index recently reached a historic high this year, supported by AI-driven investment enthusiasm. BlackRock’s decision aligns with widespread market speculation on the Federal Reserve’s next moves, further amplifying investor interest and confidence. AI Surge Propels S&P 500 to Historic Highs At no other time in history has the S&P 500 seen such dramatic gains driven by a single sector as the recent surge spurred by AI investments in 2023. Experts suggest that the strategic increase in U.S. stock exposure by BlackRock may set a precedent for other major asset managers. Historically, shifts of this magnitude have influenced broader market behaviors as others follow suit. Market analysts point to the favorable economic environment and technological advancements that are propelling the AI sector’s momentum. The continued growth of AI technologies is…
Share
BitcoinEthereumNews2025/09/18 02:49
FTX to Dispense $1.6 Billion in Bankruptcy Repayments This Month

FTX to Dispense $1.6 Billion in Bankruptcy Repayments This Month

The third wave of payments will occur on September 30.
Share
Coinstats2025/09/20 06:01