Security News > 2023 > September > ShinyHunters member pleads guilty to $6 million in data theft damages
Sebastien Raoult, a 22-year-old from France, has pleaded guilty in the U.S. District Court of Seattle to conspiracy to commit wire fraud and aggravated identity theft as part of his activities in the ShinyHunters hacking group.
"After Raoult and his co-conspirators hacked companies, a user going by the name ShinyHunters posted hacked data from many of those companies for sale on dark web forums, including RaidForums, EmpireMarket, and Exploit."
"A company's stolen data typically sold for thousands of dollars, and Shiny Hunters sometimes sold the same company's data multiple times," reads Raoult's plea agreement.
ShinyHunters sold the data from Victim-4 for $5,000, 13 different times, for a total of $65,000."
After they could no longer sell stolen data or it lost its value, the threat actors commonly distributed the data for free on hacker forums to gain reputation in the hacking community.
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