Categories: Bitcoin Latest News

Iranian Hacking Crew Charged in Sprawling Theft Case — Including $6M Bitcoin Ransom

Bitcoin Magazine

Iranian Hacking Crew Charged in Sprawling Theft Case — Including $6M Bitcoin Ransom 

Feds have hit 17 Iranians with criminal charges for allegedly conducting a years-long campaign of cyber attacks — including trying to extort HBO for $6 million in bitcoin.

The U.S. Department of Justice said Tuesday that the 17 individuals were working with the Mabna Institute, which carried out hacking campaigns on ​behalf of Iran’s Islamic Revolutionary Guard Corps and other Iranian ​government and university clients.

Hundreds of U.S. and ⁠international universities, dozens of companies, and at least five ​state and federal government agencies were targeted in the campaign. 

Part of the indictment mentioned Behzad Mesri, who was previously charged with hacking entertainment giant Home Box Office — HBO — and stealing proprietary data. The crime then saw Mesri try and extort approximately $6 million worth of Bitcoin. 

Prosecutors added that five other defendants — Saeid Houshyar, Manouchehr Hashemloo, Keyvan Fayaz, Saber Shahbazi Ballojeh, and Arman Kahzadian — were directly involved in the hack. 

The State Department’s Rewards for Justice program is now offering up to $10 million for information on the location of the defendants. 

“Today’s charges, which include eight additional defendants, reveal the broader network allegedly behind a sweeping, state-sponsored campaign to steal research and intellectual property from American universities, businesses, and government institutions,” U.S. Attorney Jamie McDonald for the Southern District of New York said in a statement. 

Founded around 2013 by Gholamreza Rafatnejad and Ehsan Mohammadi, the Mabna Institute allegedly worked at the behest of Iran’s Islamic Revolutionary Guard Corps and other Iranian clients. 

The stolen research didn’t just go to Tehran’s intelligence services. Prosecutors say it was resold through two websites, Megapaper.ir and Gigapaper.ir, the latter renting out hijacked professor logins so Iranian customers could walk straight into foreign university libraries. 

U.S. institutions had spent some $3.4 billion acquiring the material in the first place. Separate victims racked up more than $20 million cleaning up the breaches.

This post Iranian Hacking Crew Charged in Sprawling Theft Case — Including $6M Bitcoin Ransom  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Read More[#item_full_content]Bitcoin Magazine

Recent Posts

Bitcoin Could Attract More Buyers As Fast Money Is Washed Out, Says Lyn Alden

Bitcoin Magazine Bitcoin Could Attract More Buyers As Fast Money Is Washed Out, Says Lyn…

4 minutes ago

Open Source vs. Source-Available: What the Coldcard Failure Teaches About Bitcoin Software Incentives

Bitcoin Magazine Open Source vs. Source-Available: What the Coldcard Failure Teaches About Bitcoin Software Incentives…

1 hour ago

Bitcoin ETF Inflows Hit $517M As Institutional Demand Returns

US spot Bitcoin ETFs recorded $517.2 million in net inflows for the August 19 session,…

4 hours ago

Bitcoin ETFs Add Over $1B as Investor Sentiment Turns Bullish

Bitcoin Magazine Bitcoin ETFs Add Over $1B as Investor Sentiment Turns Bullish Bitcoin exchange-traded funds…

4 hours ago

Treasury buybacks could set up Bitcoin’s next move toward $180,000, says strategist

Longtime bond market investor Mark Connors sees routine government bond buybacks improving liquidity and bringing…

5 hours ago

Bitcoin’s jump above $72,000 sets up bullish golden cross pattern

Bitcoin’s improving momentum could produce a golden cross, but the rally still faces an important…

6 hours ago