Would you like to receive notifications on latest updates of the following headlines?

Chinese National Arrested for Global Cyber Attacks and Fraud

POSTED ON May 30, 2024 •   Uncategorized      BY Samuel O . Adeniyi
The seal of the United States Department of Justice is seen on the building exterior of the United States Attorney's Office of the Southern District of New York in Manhattan, New York City | Photo Credit: Yahoo Finance

The United States Department of Justice (DOJ) announced that a Chinese national, Wang Yunhe, was arrested in an international operation for allegedly creating and using malware involved in cyber attacks, large-scale fraud, and child exploitation. 

Wang, 35, was apprehended in Singapore on May 24, as reported by the Straits Times.

This arrest follows a significant operation last August, where ten Chinese citizens with multiple nationalities were charged with laundering over $2 billion through the Asian financial hub. 

The DOJ's statement from May 29 details that Wang and unnamed accomplices allegedly developed and spread malware to compromise millions of residential Windows computers globally from 2018 until July 2022. 

Wang reportedly earned $99 million from selling access to these infected IP addresses, receiving payments in both cryptocurrency and fiat currency.

Cybercriminals used compromised IP addresses to bypass fraud detection systems, leading to the theft of billions of dollars from financial institutions, credit card issuers, and federal lending programs. 

This included $5.9 billion in fraudulent unemployment insurance claims from 560,000 compromised IP addresses.

Wang allegedly used the illicit proceeds to acquire properties and assets worldwide, including in the United States, St. Kitts and Nevis, China, Singapore, Thailand, and the United Arab Emirates.

His assets included sports cars, numerous bank accounts, cryptocurrency wallets, luxury watches, and 21 properties across several countries.

Matthew S. Axelrod, assistant secretary for export enforcement at the U.S. Department of Commerce’s Bureau of Industry and Security, compared the case to a screenplay, describing a complex scheme that enabled global criminals to steal billions, transmit bomb threats, and exchange child exploitation materials, with profits used to buy luxury items and real estate.

READ ALSO
Eno enhances healthcare with N200m contribution to UUTH
BY Abiodun Saheed Omodara February 16, 2025 0

In an effort to enhance healthcare services, the Governor of Akwa Ibom State, Pastor Umo Eno, has co...

READ ALSO
Ododo Reorganizes the Tourism Board, Kogi Hotels
BY Ebiakuboere England December 3, 2024 0

KOGI- Kogi State Governor Alhaji Ahmed Ododo has appointed former Kogi Hotels and Tourism Board Chai...

READ ALSO
Rivers Varsity Suspends Four Students For Assault
BY Benedicta Bassey June 16, 2024 0

The Rivers State University, Nkpolu-Oroworukwo, Port Harcourt has suspended four of its students con...

READ ALSO
French Embassy Unveils Waste Management Project Worth €753,000 in Varsities
BY Benedicta Bassey June 14, 2024 0

The French Embassy, via the Cooperation and Cultural Department, has launched a plastic waste manage...

READ ALSO
ATBU Enhances Research Capacity For Lecturers
BY Benedicta Bassey June 14, 2024 0

The management of the Abubakar Tafawa Balewa University, Bauchi, has enhanced research capabilities...

READ ALSO
Russia Dismisses Claim of Recruiting Nigerian Students For Ukranian War
BY Benedicta Bassey June 13, 2024 0

The Russian Embassy in Nigeria has debunked the claims of recruiting African students, particularly...

READ ALSO
Soludo Warns Tinubu Against Accepting Unsustainable Minimum Wage
BY Benedicta Bassey June 13, 2024 0

Anambra State Governor Charles Soludo on Thursday warned President Bola Tinubu against approving &ld...

READ ALSO
Obi Cubana Lauds Burna Boy For Settling Patients' Hospital Bills
BY Ebiakuboere England June 12, 2024 0

Award-winning Nigerian music star Damini Ogulu, also known as Burna Boy, has been praised by million...

OUR CHANNELS:

FG Targets Two Million Jobs with Social Housing Programme
BY Abiodun Saheed Omodara July 28, 2025 0

The Federal Government has set an ambitious target of creating over two million jobs throughout Nige...


Nigeria, South Africa World Cup Qualifier Set for September 9 in Bloemfontein
BY Abiodun Saheed Omodara July 28, 2025 0

FIFA has announced that South Africa's 2026 World Cup qualifying match against Nigeria will take pla...


EU Reaffirms Support for Peace-building in Nigeria
BY Abiodun Saheed Omodara July 28, 2025 0

The head of the European Union delegation to Nigeria and ECOWAS,Reuben Alba,reaffirmed the EU's dedi...


Ogun Imams Raise Alarm over Proposed Daytime Curfew for Traditional Rites, Cite Constitutional Breach
BY Abiodun Saheed Omodara July 28, 2025 0

The League of Imams and Alfas in Ogun State raised concerns on Sunday regarding traditionalists' int...


Tinubu Promises Grand Celebration as Super Falcons Clinch 10th WAFCON Title
BY Abiodun Saheed Omodara July 28, 2025 0

President Bola Tinubu has promised the Super Falcons a grand celebration when they return from Moroc...


NDLEA Uncovers Creative Concealment Methods, Nabs Chinese Businessman in Drug Busts
BY Abiodun Saheed Omodara July 28, 2025 0

The National Drug Law Enforcement Agency (NDLEA) has detained a Chinese businessman, Liang Tak You,...


Three Israeli Soldiers Killed in Gaza, Raising Toll to 462 Since Ground Offensive Began
BY Abiodun Saheed Omodara July 28, 2025 0

The military reported that two Israeli soldiers lost their lives in combat in southern Gaza, on Sund...


Yilwatda's Emergence Rekindles Debate on APC's 2027 Muslim-Muslim Ticket
BY Abiodun Saheed Omodara July 28, 2025 0

The rise of Prof Nentawe Yilwatda, a northern Christian from Plateau State, as the National Chairman...


Inter Miami Struggles Without Messi, Settles for 0-0 Draw Against FC Cincinnati
BY Abiodun Saheed Omodara July 27, 2025 0

Inter Miami, missing the suspended Lionel Messi, failed to capitalize on an opportunity to close the...


Nigerians in Diaspora Commission Calls for Increased Funding Amidst Budget Constraints
BY Abiodun Saheed Omodara July 27, 2025 0

The Director-General of the Nigerians in Diaspora Commission, Abike Dabiri-Erewa, has called for enh...


More Articles

Load more...

Menu