He was also running a crypto exchange and authorities confiscated around 1,000 BTC from him. Sergey Medvedev, a Russian national, has pleaded guilty in the United States for his in cybercrime with an actual loss of $568 million. The 33-year old pleaded guilty last week before the US District Court for Nevada. He admitted that he founded and operated Infraud Organization, an international cybercrime organization offering the sale of credit cards and other theft equipment. “One of the leaders of the Infraud Organisation pleaded guilty today to RICO conspiracy,” the US justice department said in a statement. “Infraud was an Internet-based cybercriminal enterprise engaged in the large-scale acquisition, sale, and dissemination of stolen identities, compromised debit and credit cards, personally identifiable information, financial and banking information, computer malware, and other contraband.” He ran the cybercrime front for seven years and, according to the US authorities...