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SecurityWeek
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October 12, 2026 at 11:24 UTC
Mastermind of 15,000-Mule Cybercrime Laundering Network Pleads Guilty in US
By Ionut Arghire
AI Summary
Oleg Korniev pleaded guilty in the U.S. to leading YMCO, a money mule network comprising approximately 15,000 mules that laundered proceeds for cybercriminals by moving funds out of the United States. The network provided infrastructure-as-a-service for cybercrime cash-out operations, representing a significant disruption to the underground financial ecosystem supporting ransomware and fraud groups. The guilty plea is a notable law enforcement win against cybercrime financial infrastructure.
Relevance score: 72.0/100
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