A Chinese national named YunHe Wang was arrested for operating a proxy service aiding cybercriminals, generating roughly $99 million from compromised IP addresses.
Wang's service, '911 S5,' compromised millions of computers globally for activities like ransomware, fraud, cyber attacks, and child exploitation, later reconstituted as 'CloudRouter.'
FBI highlighted the significance of using compromised U.S. IP addresses for cybercrime, which aids in attacking businesses and defrauding the government.
Deputy Assistant Director of FBI's Cyber Division discussed the ease of accessing financial accounts with U.S. IP addresses, emphasizing 911 S5's role in facilitating criminal activities.
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