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Justice Dept 'clawed back' much of Bitcoin ransom paid by Colonial Pipeline by rinselberg
Started on: 06-08-2021 03:10 AM
Replies: 4 (91 views)
Last post by: maryjane on 06-09-2021 12:49 AM
rinselberg
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Report this Post06-08-2021 03:10 AM Click Here to See the Profile for rinselbergClick Here to visit rinselberg's HomePageClick Here to Email rinselbergSend a Private Message to rinselbergEdit/Delete MessageReply w/QuoteDirect Link to This Post
 
quote
[U.S. Department of Justice] officials said they had identified a virtual currency account--often referred to as a "wallet"--that DarkSide used to collect payment from a ransomware victim identified in court papers only as "Victim X," but whose hacking details match Colonial’s. The officials said that a magistrate judge in the Northern District of California had approved a warrant on Monday to seize funds from the wallet.

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"U.S. Seizes Share of Ransom From Hackers in Colonial Pipeline Attack"
 
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Investigators traced 75 Bitcoins worth more than $4 million through nearly two dozen cryptocurrency accounts.

Katie Benner and Nicole Perlroth for the New York Times; June 7, 2021.
https://www.nytimes.com/202...pipeline-attack.html

[This message has been edited by rinselberg (edited 06-08-2021).]

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Report this Post06-08-2021 04:55 AM Click Here to See the Profile for AustralianClick Here to visit Australian's HomePageClick Here to Email AustralianSend a Private Message to AustralianEdit/Delete MessageReply w/QuoteDirect Link to This Post
Pay them a few cents over and over and eventually track the payment.
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Notorio
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Report this Post06-09-2021 12:15 AM Click Here to See the Profile for NotorioSend a Private Message to NotorioEdit/Delete MessageReply w/QuoteDirect Link to This Post
I thought one of the points of cryptocurrency was that it couldn't be stolen from the digital wallet ...
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randye
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Report this Post06-09-2021 12:43 AM Click Here to See the Profile for randyeClick Here to visit randye's HomePageSend a Private Message to randyeEdit/Delete MessageReply w/QuoteDirect Link to This Post
 
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Originally posted by Notorio:

I thought one of the points of cryptocurrency was that it couldn't be stolen from the digital wallet ...


Obviously you are also smelling the unmistakable aroma of bullshit.
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maryjane
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Report this Post06-09-2021 12:49 AM Click Here to See the Profile for maryjaneSend a Private Message to maryjaneEdit/Delete MessageReply w/QuoteDirect Link to This Post
 
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Originally posted by Notorio:

I thought one of the points of cryptocurrency was that it couldn't be stolen from the digital wallet ...


https://en.wikipedia.org/wi...cy_and_crime#Bitcoin

 
quote
Bitcoin
There have been many cases of bitcoin theft.[8] As of December 2017, around 980,000 bitcoins have been stolen from cryptocurrency exchanges.[9]

One type of theft involves a third party accessing the private key to a victim's bitcoin address,[10] or of an online wallet.

[This message has been edited by maryjane (edited 06-09-2021).]

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