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The perils of suing crypto exchanges after ransomware attacks
18.4.2021
As seen in the case of AA v. Bitfinex, targeting a crypto exchange over stolen funds is a high-risk, low-reward proposition
Tether hit with 500 Bitcoin ransom demand — but says it won't pay
1.3.2021
The USDT stablecoin issuer says it received a $23 million ransom demand payable by March. 1. The deadline has since passed, and Tether isn't paying
Stablecoin Issuer Tether Says It Is a Victim of a 500 BTC Ransom Demand Infoleak Threat
1.3.2021
Just days after the conclusion of its long-running feud with the Office of the Attorney General of New York, Tether says it is now a victim of an extortion attempt. According to the stablecoin issuer, the blackmailers are threatening to release documents they claim “will harm the bitcoin...
Former UK Cyber Intelligence Official Pushes for Law Change to Stop Bitcoin Ransomware Payments
27.1.2021
A former U.K. cybersecurity chief has raised concerns that ransomware incidents are close to “getting out of control.” Ciaran Martin has also called for laws to prevent people from paying bitcoin to cybercriminals. Former Official Claims Most of the Cybercriminals Are Based in Russia...
DDoS Attackers Return With Massive Extortion Campaigns in the Wake of Bitcoin Prices Surging
25.1.2021
Threat actors have been finding opportunities in bitcoin’s bullish trend to increase their extortion campaigns. Hackers are actively threatening companies with DDoS attacks unless they pay for bitcoin ransoms. Bull Run Prices Push Extortionists to Increase Bitcoin Ransom Demands According...
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
Big Travel Firm CWT Pays $4.5 Million Bitcoin Ransom to Hackers
2.8.2020
CWT, one of the biggest travel companies in the U.S., this week paid $4.5 million in bitcoin to hackers who infiltrated the firm’s computer system, stealing sensitive corporate data. It is unclear whether customer information was also compromised. Reuters reported that the bitcoin wallet...
YouTuber Sentenced to 50 Years for Kidnapping and Bitcoin Ransom
4.3.2020
A former YouTuber has been sentenced to 50 years in prison for masterminding a kidnapping that demanded $100,000 in BTC for the victim’s safety
Alleged Hacker Extradited to Face US Charges Over Corporate Extortion Racket
20.12.2019
British authorities have extradited an alleged hacking collective member to the United States where he will face charges
Johannesburg Authorities Refuse to Pay Hackers’ Bitcoin Ransom
30.10.2019
Johannesburg authorities have said they will not concede to hackers’ demand of 4 Bitcoin in the aftermath of a major municipal systems breach last week
Bitcoin Ransomware That Infiltrated 100 US Enterprises Spreads to China
18.7.2019
Bounties demanded by the Ryuk hackers reach upwards of $5 million to be paid in bitcoin, according to the FBI