Bitcoin (available on Coinbase) thief Sergey Sergeyevich Medvedev, a Russian national and co-founder of Infraud, has been arrested in Bangkok by the Federal Bureau of Investigation (FBI). At his time of arrest, the cybercrime expert had in his possession more than 100,000 Bitcoin (available on Coinbase)s. Infraud; a dark-web marketplace, was seized and taken offline by U.S authorities. The website was a one-stop-shop for cybercriminals.

Medvedev fled the country to Thailand six years ago but was arrested with the help of Thai authorities on Feb 2nd. Thailand’s Crime Suppression Division (CSD) raided Mr. Medvedev’s apartment with 30 officers and seized various documents and a laptop. The Bangkok Post reported, “judging by the evidence obtained during the Feb 2 raid, he had more than 100,000 Bitcoin (available on Coinbase).” At the time of the arrest, the stolen Bitcoin (available on Coinbase) would be worth around $900 million USD.

There has yet to be any other information regarding the raid, as I’m sure they are still finalizing their investigation. However, more information has been promised to the public soon.