The Los Angeles Post
U.S. World Business Lifestyle
Today: April 05, 2025
Today: April 05, 2025

Russian man accused of being connected to multimillion-dollar ransomware gang is extradited to US

Russian man accused of being connected to multimillion-dollar ransomware gang is extradited to US
November 18, 2024
Sean Lyngaas - CNN

(CNN) โ€” A Russian man has been extradited from South Korea to the US to face charges in connection with a ransomware gang that allegedly extorted more than $16 million from victims around the world, US prosecutors said Monday.

42-year-old Evgenii Ptitsyn is accused of administering the sale, distribution and operation of Phobos, a type of ransomware that has been used in more than 1,000 ransomware attacks on public and private organizations, the Justice Department said. Victims of the ransomware include government agencies, health care facilities and schools.

The news is a win for the FBI, which typically has to wait until alleged ransomware kingpins leave Russia to try to arrest them because the US and Russia do not have an extradition treaty. Last year, ransomware operatives using Phobos extorted a North Carolina-based childrenโ€™s hospital for about $100,000, and a California-based public school system for about $300,000, according to the indictment.

Ptitsyn faces wire and computer fraud conspiracy charges, among others. He made his initial court appearance in the District of Maryland on November 4, the Justice Department said. CNN is trying to locate a lawyer for Ptitsyn for comment.

Ptitsyn allegedly had a senior role in the Phobos ransomware group, overseeing a cryptocurrency wallet that collected payments from โ€œaffiliates,โ€ or hackers who paid for access to the ransomware. The ransomware has been around since at least 2019, according to cybersecurity researchers.

The arrest of Ptitsyn is the latest example of an aggressive Justice Department effort to try to combat the scourge of ransomware, which has caused many millions of dollars in losses for American companies, schools and hospitals.

Cybercriminals extorted a record $1.1 billion in ransom payments from victim organizations around the world last year despite US government efforts to cut off their money flows, according to a report from crypto-tracking firm Chainalysis.

The-CNN-Wire
โ„ข & ยฉ 2024 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.

Related Articles

Poland's Tusk cites foreign interference after party hit by cyberattack Police take down 'Kidflix' child abuse platform, Europol says Stablecoin giant Circle reveals revenue growth in US IPO filing DOGE official at DOJ bragged about hacking, distributing pirated software
Share This

Popular

Americas|Crime|Political|World

Costa Rica looks to El Salvador's gang crackdown for path to stopping violence

Costa Rica looks to El Salvador's gang crackdown for path to stopping violence
Celebrity|Crime|Entertainment|US

โ€˜The most powerful type of liarโ€™: Tapper asks Anna Delvey how she views her criminal past

โ€˜The most powerful type of liarโ€™: Tapper asks Anna Delvey how she views her criminal past
Crime|Political|US

Prosecutors seek 7 years in prison for disgraced ex-US Rep. George Santos in federal fraud case

Prosecutors seek 7 years in prison for disgraced ex-US Rep. George Santos in federal fraud case
Crime|Election|Political|US

George Santos should serve over 7 years in prison, US prosecutors say

George Santos should serve over 7 years in prison, US prosecutors say

Technology

Business|Science|Technology|US

Musk and OpenAI jury trial to begin in spring next year

Musk and OpenAI jury trial to begin in spring next year
Business|Political|Technology|US

TikTok deal put on hold after China objects over tariffs, sources say

TikTok deal put on hold after China objects over tariffs, sources say
Business|Political|Technology|US

China hit brakes on TikTok deal after Trump announced wide-ranging tariffs, AP source says

China hit brakes on TikTok deal after Trump announced wide-ranging tariffs, AP source says
Business|Economy|Entertainment|Technology|US

Walmart denies ABC News report it could join investor group to buy TikTok

Walmart denies ABC News report it could join investor group to buy TikTok