Russian Man Faces Trial Over a $1M Bribe in Bitcoin (BTC) to Plant Malware

Egor Igorevich Kriuchkov, a Russian citizen, has been arrested for attempted bribery of $1 million to a staff of a Nevada-based company to urge him to illegally plant malware in the company’s computer system as reported by the US Department of Justice (DOJ).

According to the announcement, Kriuchkov had planned a conspiracy with the Nevada staff member to set up a malware into a colleague’s computer as efforts to steal pieces of information from the company’s network. Hence, demand a ransom from the company with the threat of making the story go public if the company fails to pay up.

However, the plan failed and turned the opposite for Kriuchkov when the Nevada staff member whom he had contacted via Whatsapp and some dinner meetings and ended up creating a mutual acquaintance with, chose to call out to FBI to report Kriuchkov’s plot instead.

Further investigations revealed that the Russian man had claimed to belong to a big company where he initially offered his potential $500,000. He promised it would increase to $1 million after the malware has been successfully installed. He also promised the staff member an upfront payment of 1 BTC and assistance in creating a Bitcoin wallet on the anonymous browser, Tor.

Kriuchkov was planning to head out of the US when the law enforcement agents arrested him. Kriuchkov will be sentenced to up to five years in prison if he is found guilty and will pay a fine of $250,000.

Meanwhile, bribery seems to be the new strategy criminal uses to gain access to sensitive company information.

Coinfomania had recently reported a bribery attempt by an ex-Uber Chief Security Officer, Joseph Sullivan. He allegedly paid $100,000 in Bitcoin to hackers to hide massive data breach that happened in 2016. While the hackers that took part in the ploy are now convicted, Sullivan is set to face court trial and accompanying fines in the coming weeks.

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