International Cybercriminal Arrested in Reykjavik After Multi-Month Investigation

The man, who used the alias "Shade" and whose real name is Dorian Reinhard VonRaven, was arrested yesterday evening in downtown Reykjavik in cooperation with international law enforcement agencies.

According to sources within the police, Shade was planning a massive attack on the international banking system that could have threatened billions of dollars in transactions worldwide.

"This arrest prevents what could have been one of the worst cyber attacks in history," said Chief Superintendent Guðmundur Ársælsson at this morning's press conference.

The investigation, conducted under the leadership of IT Audit Labs in cooperation with the European Law Enforcement Agency (Europol), tracked Dorian VonRaven through London, Paris, Dubai, Tokyo, and São Paulo before he arrived in Iceland.

In each city, Shade gathered components and contacts that would have been used in the large-scale cyber attack. Among what was found were:

• Specialized computer equipment hidden in a luxury car in Dubai

• Falsified identification documents from Yakuza organizations in Tokyo

• Encrypted communications about Bitcoin payments

• Technical programs designed to penetrate bank security defenses

  
  

Shade was supposed to launch the attack on May 22, 2025 from Reykjavik, where he believed he could take advantage of the country's powerful internet connection and limited surveillance systems.

Iceland was chosen as the final destination because it is considered safe for cybercriminals

Icelandic authorities are now working with international law enforcement agencies to review data found with Shade. This data is believed to lead to further arrests in connection with international cybercrime syndicates.

Shade is set to be extradited abroad to face charges in multiple jurisdictions, including the United States, United Kingdom, and France.

UPDATE:

Among Shade's belongings, Icelandic authorities discovered an encrypted phone containing recent messages from someone identified only as 'Diana Cross' - a name that appears in CIA personnel databases but was reported deceased in 2019.

Cybersecurity experts have partially decrypted one message dated May 4th, 2025, but a crucial portion remains encrypted.

"CUNAGBZ, lbhe pbire znl or pbzcebzvfrq. Vs lbh erprvir guvf, gur ARKHF flaqvpngr fhfcrpgf bhe bcrengvba. Ivxgbe xabjf jr'er pybfr gb rkcbfvat gur erny FJVSG nggnpx cyna. Znvagnva lbhe cbfvgvba ohg or cercnerq sbe vzzrqvngr rkgenpgvba. Lbhe fnpevsvpr sbe Bcrengvba Cunagbz Fuvryq jvyy abg or sbetbggra. Gur gehgu jvyy pbzr bhg riraghnyyl. Fgnl fnsr. - Q.P WSXRPGOAVMTRPE33WHMITHMHV4MI6EOGVZLRVZ2RCH"

This is a developing story and will be updated as more information becomes available.

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