Karen Vardanyan Pleads Guilty to Participating in Ryuk Ransomware Attacks

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Summary

Karen Vardanyan pleaded guilty to participating in Ryuk ransomware attacks against three U.S. organizations in 2019–2020. He agreed to pay nearly $1.2 million in restitution and faces up to 15 years in prison.

Key points

  • Vardanyan pleaded guilty to computer fraud and conspiracy to commit fraud and extortion.
  • He admitted participating in Ryuk attacks from November 2019 to April 2020 against a Michigan company, an Oregon technology company, and a Texas school.
  • He agreed to pay nearly $1.2 million in restitution and faces up to 15 years in prison; sentencing has not been scheduled.
  • Prosecutors previously accused Vardanyan and co-conspirators of deploying Ryuk across hundreds of servers and workstations between March 2019 and September 2020.
  • Justice Department officials said Vardanyan and his co-conspirators received about 1,160 bitcoins in ransom payments, valued at more than $15 million at the time.

Article Details

Event Type
Guilty plea in a Ryuk ransomware case
Impact
Karen Serobovich Vardanyan pleaded guilty to participating in Ryuk ransomware attacks against three U.S.-based organizations between November 2019 and April 2020. The attacks affected a Michigan company, an Oregon technology company, and a Texas school; the Michigan company paid nearly $1.2 million in ransom. Vardanyan agreed to pay nearly $1.2 million in restitution and faces up to 15 years in prison. Sentencing has not been scheduled.

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