Sergeyevich Medvedev, arrested in Bangkok as part of an international crackdown on cybercrime site Infraud allegedly had $8.2 mln in BTC at the time of his arrest.
Police have apprehended a Russian citizen believed to be the number two in an international cybercrime organization, the Bangkok Post reported.
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.
A source told The Bangkok post that evidence showed that Medvedev had over 100,000 Bitcoin (BTC) at the time of his arrest, approximately $8.2 mln.
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.
On Feb. 7 the US Department of Justice (DOJ) had released an indictment 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.