US Senator Warren introduces bill to study crypto’s role in ransomware
The Ransom Disclosure Act aims to help the Department of Homeland Security gather critical data on ransom payments in cryptocurrency and fiat. Go to Source Powered by WPeMatico
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Kidnappers Kill Venezuelan Citizen for Not Paying Ransom Requested in Bitcoin
A Venezuelan merchant was kidnapped and killed after his family failed to gather a ransom that kidnappers explicitly asked to be paid in bitcoin. The perpetrators asked for a sum of 1.5 bitcoin to release the hostage, later lowering the ransom to 0.5 bitcoin. The family of the victim finally was unable to gather the … Read more
New analysis sheds light on DOJ Bitcoin seizure, as JBS pays massive $11M ransom
The FBI may have access to a lot more BTC in hacking group’s addresses. Go to Source Powered by WPeMatico
US officials recover $2.3M in crypto from Colonial Pipeline ransom
Government officials did not specify the exact method used to seize the funds from the ransomware group. Go to Source Powered by WPeMatico
The perils of suing crypto exchanges after ransomware attacks
As seen in the case of AA v. Bitfinex, targeting a crypto exchange over stolen funds is a high-risk, low-reward proposition. Go to Source Powered by WPeMatico
Tether hit with 500 Bitcoin ransom demand — but says it won’t pay
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. Go to Source Powered by WPeMatico
YouTuber Sentenced to 50 Years for Kidnapping and Bitcoin Ransom
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. Go to Source Powered by WPeMatico
Alleged Hacker Extradited to Face US Charges Over Corporate Extortion Racket
British authorities have extradited an alleged hacking collective member to the United States where he will face charges Go to Source Powered by WPeMatico
Johannesburg Authorities Refuse to Pay Hackers’ Bitcoin Ransom
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 Go to Source Powered by WPeMatico
Report: $1.2M Earned Through Bitcoin ‘Sextortion,’ Bomb Threat Scams
Cybersecurity company Symantec reports that scammers earned $1.2 million in Bitcoin through “sextortion” and bomb threat emails Go to Source Powered by WPeMatico
