A 35-year-old Chinese man has been arrested in Singapore in connection with a global cybercriminal network that defrauded the US government of billions of dollars. The man, YunHe Wang, is accused of helping assemble a botnet, a network of infected computers, that was used for various criminal activities including bomb threats, child exploitation materials, and financial fraud.
The botnet was also used to submit fake applications for federal relief during the coronavirus pandemic, resulting in losses of approximately $5.9 billion. Authorities seized luxury assets worth $4 million, including watches, sports cars like Ferrari and Rolls-Royce, and $30 million in real estate properties across different regions.
