Russian accused of running Dark Web market nabbed in Thailand

[TomSea]

Russian accused of running Dark Web market nabbed in Thailand


A photo released by the Crime Suppression Division of the Thailand Police, Sergey Medvedev, 31, center, is arrested outside his Bangkok apartment, Feb. 2, 2018, for his alleged role in an international identity theft ring that sold stolen credit card information on the dark web, leading to losses of over $530 million.

BANGKOK -- Police in Thailand announced Friday they have arrested a Russian national accused by U.S. authorities of running an online cybercrime marketplace where everything from stolen credit card information to hardware for compromising ATM machines could be purchased.

Police said that Sergey Medvedev was arrested at his Bangkok apartment on Feb. 2 at the request of U.S. authorities.

The U.S. Justice Department on Wednesday announced indictments against 36 people accused of being active in the Infraud Organization -- founded in 2010 and operated under the slogan "In Fraud We Trust" -- which was an anonymous online forum that the department described as a "one-stop shop for cybercriminals." It said it had nearly 11,000 members who traded more than 4.3 million credit cards, debit cards and bank accounts worldwide, leading to losses of more than $530 million for legitimate users and businesses.

Read more at: https://www.cbsnews.com/news/us-russia-cybercrime-dark-web-market-suspect-sergey-medvedev-thailand/