BTC Ransom gang member under the name “The Dark Overlord” got arrested and plead guilty in the US courts in connection with the ransomware group that demanded Bitcoin from victims are about to read more in the latest Bitcoin news.
Nathan Wyatt, a member of the BTC Ransom gang, pleaded guilty to multiple charges in the United States earlier this week. He extracted information and wanted to use it against victims by releasing it unless they pay in bitcoin. Wyatt was sentenced to five years in prison and was ordered to pay a fine of $1.5 million. The US Department of Justice sentenced the UK national to five years in prison earlier this week after he pleads guilty to being a member of a notorious hacking group according to the court documents. The Dark Overlord stole medical data, personal information, and much more from US companies and demanded $75,000 and $300,000 worth of BTC to return the information.
The hacking group hacked Netflix in 2017 as well among other high profile victim companies and hospitals. Wyatt’s role as was noted in the documents was to contact victims via phone or email and demand a Bitcoin ransom after the data was compromised. In some cases, he even threatened family members with the sensitive information of the victims. One such email that was sent to a victim’s daughter read:
“Maybe your [sic] just a dumb rich girl who doesn’t [sic] understand the dangers here. Im gonna try Chels. she may have an iq. stay hot.”
However, his criminal career didn’t last long. He was identified as part of the Dark Overlord gang after using a phone number that was registered to his name and he used it to contact some of the victims. This led to his arrest in 2017 and he was later extradited in the United States to face charges. Wyatt pleaded guilty in the US Federal court on six counts from conspiring to commit aggravated identity theft to computer fraud and he was also ordered to pay around $1.5 million in restitution.
Cybercrime and ransomware involving crypto are increasing among hackers. According to a report, ransomware has cost the victims over $7.5 billion in 2019 alone with the numbers expected to increase this year as more and more people are going online and have their systems exposed on the web.
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