Altcoin News Official TheBitTimes.com

A Ukrainian man accused of using the Conti ransomware for cryptocurrency extortion was extradited from Ireland to the US yesterday to begin legal proceedings in Tennessee, according to the US Justice Department. Oleksii Oleksiyovych Lytvynenko was arrested and charged in 2023 for conspiring to infect people’s computers, encrypt their data, and hold it for ransom.  The 43-year-old and his co-conspirators allegedly extorted over $500,000 worth of crypto from two victims in Tennessee and shared a third victim’s stolen data online.  Lytvynenko’s alleged role involved managing the stolen data and helping out with the ransom notes given to Conti victims.  Europol bounty for Russian crypto ransomware gang wasn’t real Read more: LockBit ransomware gang sends ‘friendly advice’ to new FBI Director Kash Patel Conti is a ransomware-as-a-service tool created by Russian hacking collective “Wizard Spider” in 2019. The FBI claims that, as of January 2022, Conti ha...

Disgraced Terra founder Do Kwon has asked a US court to delay his trial against the Securities and Exchange Commission (SEC) so that he can attend, as extradition proceedings from Montenegro have been delayed. Kwon, who was arrested in Podgorica last year attempting to board a plane with a fake ID, is wanted in the US, South Korea, and Singapore to face accusations of mass fraud, after his Terra Luna ecosystem collapsed. According to the SEC, four of Kwon’s crypto assets were unregistered securities. These include TerraUSD and Luna, whose crashes had long-lasting effects on the market. Kwon’s lawyers deny the claims. Extradition from Montenegro was delayed after Kwon successfully appealed in a Podgorica court. The case must now be revisited. He has previously expressed his desire to be extradited to South Korea instead of the US. However, his next destination will ultimately be decided by the local court. CRYPTO IN THE COURTS: Do Kwon Wants to Attend SEC Terraform Labs...