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U.S. Sanctions Russian Hacking Firm Operation Zero Over Cryptocurrency-Funded Theft of Confidential Software
Svmuu News: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against the Russian cybersecurity firm Operation Zero and its head, Sergey Sergeyevich Zelenyuk, on the grounds that the company allegedly used cryptocurrency to fund activities aimed at stealing U.S. trade secrets. The sanctions also target five other individuals linked to the group, who are accused of using cyberattack tools to endanger U.S. national security. This action stems from an investigation conducted by the U.S. Department of Justice last year. An Australian citizen, Peter Williams, has admitted to stealing proprietary software from the U.S. defense contractor where he worked and passing the classified information to Operation Zero in exchange for millions of dollars in cryptocurrency. Williams has pleaded guilty to two counts of trade secret theft. The U.S. Treasury Department stated that Operation Zero primarily deals in the trade of exploits—tools that can leverage software vulnerabilities to gain unauthorized access, steal data, or take control of devices. The company also pays individuals who carry out attacks through a bounty system. Treasury Secretary Scott Bessent stated that the U.S. government will hold accountable anyone who steals U.S. trade secrets and will continue to protect sensitive technology and national security.
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