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Agent Smith says Secret Service seized $102M in crypto in 254 cases since 2015
20.4.2022
The U.S. Secret Service says the immutable and transparent aspect of the blockchain ledger allows the agency to track transactions made by criminals easier than cash in some cases
Biden Administration Expanding Cryptocurrency Analysis to Find Criminal Transactions
2.6.2021
The U.S. government is expanding its cryptocurrency analysis in a strategy to find and pursue criminal transactions. This comes in the wake of a rising problem of ransomware involving cryptocurrency, such as bitcoin. “Combating ransomware is a priority for the administration,” said...
Task Force Pushes Biden Administration to Tighten Cryptocurrency Regulation
30.4.2021
A public-private task force has submitted a report to the Biden administration that includes recommendations to tighten the regulation of cryptocurrencies, including bitcoin, with the aim to combat ransomware. “The cryptocurrency sector that enables ransomware crime should be more closely...
Bitcoin Is Aiding the Ransomware Industry
19.1.2021
We are living in a world where the second-order effects of permissionless money – like the greater use of ransomware – are already evident
This Bitcoin Ransomware Rakes in $150 Million in BTC
10.1.2021
A new report by two cybersecurity firms has revealed that one ransomware family is particularly successful, raking in over $150 million in bitcoin. The ransom payments “sometimes amount to millions of dollars and typically run in the hundreds of thousands range.” Ransomware Makes $150...
Cyberattackers Demand $11M in Bitcoin From Japanese Gaming Giant Capcom
11.11.2020
Japanese gaming giant Capcom’s networks have reportedly come under attack, with criminals demanding a bitcoin ransom in exchange for not leaking confidential company information to the public
Over $1M in Ryuk Ransomware Bitcoin Was ‘Cashed Out’ on Binance: Report
24.8.2020
Researchers reportedly traced bitcoin sent as payments to Ryuk ransomware controllers and found a good portion passed through Binance
Travel Management Firm CWT Pays Out $4.5M in Bitcoin After Ransomware Attack
3.8.2020
The U.S. firm paid out a ransom of 414 bitcoin after its corporate files were locked up in a ransomware attack
UCSF Hospital Paid $1.14M in Bitcoin After Ransomware Attack
30.6.2020
Ransomware group Netwalker is believed to be behind the attack on UCSF which temporarily restricted access to the School of Medicine’s data
Crypto Extortion on the Rise, Says Academic Study
23.10.2019
Hackers can make up to $130,000 a month for a $10,000 investment