An Armenian national, Hambardzum Minasyan, appeared in a U.S. federal court after prosecutors accused him of being a leading developer and administrator of the RedLine infostealer and he faces up to 30 years in prison following extradition and indictment on multiple conspiracy charges. Prosecutors say he maintained RedLine’s infrastructure, ran domains and repositories, collected affiliate payments, provided technical support to hackers, and laundered proceeds via cryptocurrency while the malware has been used in thousands of attacks worldwide to steal credentials and financial data. #RedLine #HambardzumMinasyan
Keypoints
- Hambardzum Minasyan was arrested, extradited to the U.S., and appeared in federal court facing up to 30 years in prison.
- He is indicted for conspiracy to commit access device fraud, conspiracy to violate the Computer Fraud and Abuse Act, and conspiracy to commit money laundering.
- Prosecutors allege Minasyan maintained RedLine’s digital infrastructure, including administrative panels, servers, domains, and code repositories.
- Minasyan reportedly collected payments from affiliates, provided customer support to hackers, and laundered earnings through cryptocurrency exchanges.
- RedLine has been sold on underground forums since 2020 and was used in thousands of attacks across more than 150 countries to exfiltrate credentials, payment data, and crypto wallets.
Read More: https://therecord.media/redline-malware-developer-extradited-to-us-faces-30-years