RATE Group | Court Sentences Bitcoin Ransomware Creators to Community Service
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Court Sentences Bitcoin Ransomware Creators to Community Service

26 Jul Court Sentences Bitcoin Ransomware Creators to Community Service

Posted at 23:06h in Bitcoin News by

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The developers behind the CoinVault and BitCryptor ransomware were sentenced to 240 hours of community service in a Dutch court on Thursday.

Melvin and Dennis van de B., aged 25 and 21, were convicted of accusing 1,259 computers in the Netherlands and other Western European countries with the ransomware and demanding bitcoin payments as a ransom to fix the computers. The two reportedly made roughly 10,000 euros each between 2014 and 2015, Dutch website NU.nl reported.

CoinVault would cut off victims’ access to files on their computers and demand 1 bitcoin as a ransom – equivalent to several hundred euros at that time. Almost a hundred victims paid the fee, according to NU.nl.

After the news of the malware spread, cybersecurity firm Kaspersky Lab tipped the Dutch police on the names of the hackers. The firm said it had found a bug in the CoinVault code and could see “one of the suspect’s first names in the pdb path.” Kaspersky also issued around 14,000 decryption keys for the…

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