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Tuesday 10 December 2019

Bitcoin ransomware hacker must pay $356K or spend 2 more years in prison


A jailed hacker responsible for distributing highly effective Bitcoin-demanding ransomware campaigns has been ordered to pay $355,671 (£270,000) to avoid seeing his prison sentence extended. 25-year-old computer science student Zain Qaiser was sentenced to more than six years in April after admitting he was part of a Russian-speaking cybercrime group that made huge profits from victims in over 20 countries. Prior to his arrest, Qaiser spent his gains on luxury hotels, prostitutes, gambling, and drugs. He also purchased a $6,586 (£5,000) Rolex watch, which he’s been ordered to sell to make the repayment. Qaiser was told to hand over $356,811.12 (£270,864.47)…

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