According to the latest crypto news coming from Romania, the exchange executive Vlad Nistor is involved much more deeply than first anticipated in illegal operations of a crypto company.
The reports show that Nistor was a member of a group that conducted phishing attacks in the United States between 2014 and 2015 when CoinFlux was at the beginning of their work. More than 14 Romanian citizens were indicted by federal authorities with Vlad Nistor just being one of them with a lot of business ties and was seen at the time as an upstanding citizen.
He is believed to have shared advice with some active cyber criminals and helped them conduct illegal activities with most of them being phishing attacks on US soil.
Roughly translated the report notes:
“Two of these methods were run online via phishing or through various fictitious sale ads (via eBay or through online platforms ). For example, Romanians were sending e-mails using instant messaging programs or telephone numbers where the user is advised to give confidential data to win certain prizes or was informed that they are necessary due to technical errors that led to loss of original data. A web address containing a clone of the site of a financial or trading institution was indicated in the e-mail.”
After obtaining the funds from phishing victims, the criminals created accounts on the new CoinFlux exchange to wash the funds via different crypto methods. Nistor advised the phishers how to dispose of their proceeds using the crypto exchange.
The court has given Nistor a week to make arguments about why he should not be extradited.
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