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:

70-Year-Old Faces Manslaughter Charges After Fatal Accident
BY Abiodun Saheed Omodara June 4, 2025 0

LAGOS, Nigeria - A 70-year-old man, Isiaka Afolayan, has been detained for careless driving and the...


Police Arrest 49 years old Suspect for Abduction of Two-Month-Old Baby
BY Abiodun Saheed Omodara June 4, 2025 0

DELTA, Nigeria - The police in Delta reported the arrest of a suspect named Joy Temitope for the abd...


43 Lives Lost in Benue Armed Attacks
BY Abiodun Saheed Omodara June 4, 2025 0

BENUE, Nigeria - At least 43 individuals lost their lives when armed assailants targeted communities...


Health Equity: Nigeria's Push for Universal Health Coverage
BY Abiodun Saheed Omodara June 4, 2025 0

In alignment with the global effort towards Universal Health Coverage (UHC), Nigeria is striving to...


Road Maintenance Crisis: FERMA Requires N880 Billion Yearly Amid Budget Shortfalls
BY Abiodun Saheed Omodara June 4, 2025 0

ABUJA, Nigeria - The Federal Government needs approximately N880 billion each year for the upkeep of...


Okocha Urges Victor Osimhen to Consider Staying at Galatasaray
BY Abiodun Saheed Omodara June 4, 2025 0

Nigerian football icon Jay-Jay Okocha has shared advice with Victor Osimhen amid growing speculation...


60,000 Nigerians Abroad Register on Diaspora Data Mapping Portal
BY Abiodun Saheed Omodara June 4, 2025 0

Approximately 60,000 Nigerians residing overseas have registered on the Diaspora Data Mapping Portal...


PDP Leaders Slam Minister for Backing Tinubu's 2027 Campaign
BY Abiodun Saheed Omodara June 3, 2025 0

The People’s Democratic Party (PDP), New Nigeria Peoples Party (NNPP), Coalition of United Pol...


Gunmen Shot Dead Real Estate Investor, Abduct Wife
BY Abiodun Saheed Omodara June 4, 2025 0

OWERRI, Nigeria - A real estate investor lost his life after being attacked and fatally shot by a gr...


JUST IN: Former Super Eagles Star Emmanuel Udoh Passes Away
BY Abiodun Saheed Omodara June 4, 2025 0

The team manager of Akwa United and a former defender for the Super Eagles, Emmanuel Udoh, has been...


More Articles

Load more...

Menu