Cybercriminals’ heists have been hoist with their own petards in two stunning reversals achieved by the authorities over the past 24 hours.
The FBI demonstrated it could do busts through the blockchain, recovering most of the 75 bitcoins paid in a ransom to Russia-based hackers DarkSide, who shut down the Colonial Pipeline last month.
As the Justice department explained yesterday: “By reviewing the Bitcoin public ledger, law enforcement was able to track multiple transfers of bitcoin and identify that approximately 63.7 bitcoins, representing the proceeds of the victim’s ransom payment, had been transferred to a specific address, for which the FBI has the ‘private key,’ or the rough equivalent of a password needed to access assets.”
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