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Cyber News BleepingComputer 1 week ago

Man admits to running network of 15,000 money mules for cybercriminals

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CyberNew Threat Research Desk
• Original Reporting: BleepingComputer
CyberNew Threat Intel Assessment
Assessed Severity: INFORMATIONAL
Impacted Surface
Enterprise Perimeter & Network Defense
Intelligence Sector
Cyber News

Analyst Takeaway

"A Ukrainian-Russian dual citizen has pleaded guilty to running a massive money laundering operation that laundered millions for cybercriminals worldwide. 42-year-old Oleg Korniev was one of the leaders of Your Mule Cashout (YMCO), a criminal organization that has operated since September 2007 and used more than 15,000 money mules from the United States. Four other individuals who were involved..."

Recommended Defense & Mitigation

  • Threat Monitoring: Ingest published IOCs into SIEM/EDR detection rules for continuous telemetry monitoring.
  • Security Awareness: Alert staff and maintain baseline endpoint hardening across endpoints.
Curated & Verified by CyberNew Threat Intelligence Desk Standard Defense Framework (NIST / MITRE ATT&CK)

hacker money laundering dollars

​A Ukrainian-Russian dual citizen has pleaded guilty to running a massive money laundering operation that laundered millions for cybercriminals worldwide.

42-year-old Oleg Korniev was one of the leaders of Your Mule Cashout (YMCO), a criminal organization that has operated since September 2007 and used more than 15,000 money mules from the United States.

Four other individuals who were involved with YMCO were arrested overseas more than a decade ago, extradited to the Western District of North Carolina, and pleaded guilty to conspiracy to commit money laundering. They received prison sentences ranging from 37 to 63 months and were also ordered to each pay more than $9.1 million in restitution to U.S. victims.

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Source Verification & Original Intelligence

This threat report was reviewed by CyberNew analysts and cross-referenced with primary security disclosures from BleepingComputer.

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