Romanian Hackers Get 20 Years in Prison For Cryptojacking 400k Computers To Mine $4M In BTC & XMR

  • The conspirators include Bogdan Nicolescu and Radu Miclaus from the Bayrob Group.
  • A third conspirator will be sentenced in January 2020.

Bogdan Nicolescu, the leader of the Bayrob Group hacker gang from Romania, as well as his co-conspirator Radu Miclaus, have been found guilty of charges related to their cryptojacking malware.

The charges include 21 separate counts of wire fraud, money laundering, aggravated identity theft, and other crimes, according to a press release that was published on Friday. Now, as reported by CoinDesk and other news media websites, Nicolescu and Miclaus have officially been sentenced to 20 years in prison each, which will be served in US prisons.

The malware by these two hacker gang members, which also is believed to have mined Bitcoin and Monero with the victims’ processing power, infiltrated 400,000 computers. The mining software was addressed in a July 2016 indictment, using most of the processing power of the hosts without any secrecy.

The prosecutors explained, “Once a bot was instructed to mine for cryptocurrency, much of its processing speed and power would be unavailable to its legitimate owner.” According to prosecutors, the botnet allowed these three individuals to steal $4 million.

A third member of the Bayrob Group, Tiberiu Danet, pled guilty to eight charges back in November last year, though his sentencing is not scheduled until January 2020.

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Author: Krystle M

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