Ransomware | Crypto Profit Bot

New Australian ransomware plan allows for seizure of crypto

October 13, 2021

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Australian authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under new legislation. 1804 Total views 21 Total shares Australian lawmakers are taking a tougher stance against ransomware with a new plan that increases penalties for offenders. The new measures and proposed Surveillance Legislation Amendment announced by the federal government on Oct. […]

US Senator Warren introduces bill to study crypto’s role in ransomware

October 6, 2021

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The Ransom Disclosure Act aims to help the Department of Homeland Security gather critical data on ransom payments in cryptocurrency and fiat. 438 Total views 37 Total shares As cryptocurrency adoption continues apace in the United States, lawmakers want to better understand how it’s used — for both legal and illegal purposes. The Ransom Disclosure […]

Democrat Senator lobbies agencies over the use of crypto in ransomware

September 17, 2021

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Senator Hassan wants federal agencies to take more action while Senator Lummis is more concerned with stifling innovation. 654 Total views 11 Total shares Some U.S. Senators are ramping up the anti-crypto rhetoric again, urging federal agencies to take action against the illicit use of digital assets. Democrat Senator Maggie Hassan is the latest to […]

Eastern European victims sent $815M to Ponzis and scams in the past year

September 2, 2021

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Scams make up the largest share of funds sent from Eastern Europe to illicit addresses. 1452 Total views 38 Total shares Recent research has revealed that Eastern Europe remains a very high source of cybercrime activity — both from victims to scams, and from users to darknet markets — in the cryptocurrency sector. Cryptocurrency addresses […]

US State Department offers up to $10 million in crypto rewards to white hat hackers

August 17, 2021

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The United States is offering crypto assets to incentivize white-hat hackers to uncover state-sponsored actors and potential terrorists on the dark web. 2823 Total views 12 Total shares The United States government is offering rewards in cryptocurrency for information relating to the operations of enemy state-backed hackers or suspected terrorists. The U.S. State Department’s new […]

Kaseya recovers data stolen in ransomware attack with mysterious decryption tool

July 27, 2021

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The IT firm denies that it paid a ransom to the Russian hacker group in exchange for the decryption tool. 1139 Total views 21 Total shares IT software provider, Kaseya, has announced it is providing its clients with a decryption tool to recover customer data that was locked in a ransomware attack earlier this month. […]

Driving ‘purists beserk’: Co-chair of blockchain caucus wants to ‘reverse’ crypto transactions

June 30, 2021

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Democratic Representative Bill Foster has called for legal power to identify wallet holders and reverse crypto transactions in instances of criminal behavior such as ransomware attacks. 3745 Total views 7 Total shares Bill Foster, Democratic Representative and co-chair of the Congressional blockchain caucus, has called for a regulatory framework that would enable third parties to […]

CNBC host boldly reveals he sold his BTC amid depths of bear market

June 22, 2021

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Jim Cramer, the host of CNBC’s Mad Money, announced he has liquidated nearly all of his Bitcoin (BTC) holdings. Speaking on June 21 during an interview with CNBC’s Squawk Box on the Street, Cramer asserted that BTC is ”not going up because of structural reasons,” highlighting China’s renewed regulatory clampdown. Cramer stated that China’s central […]

New analysis sheds light on DOJ Bitcoin seizure, as JBS pays massive $11M ransom

June 10, 2021

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JBS USA Holdings Inc. has paid an $11 million ransom in Bitcoin to cybercriminals as new details emerge over the FBI’s recovery of assets from a previous heist. The payment, estimated to be more than 300 BTC at current prices, was made to shield JBS factories from further disruption. The firm is the world’s largest […]

Coinbase says it was not involved in the DOJ’s Bitcoin ransom seizure

June 9, 2021

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Coinbase CSO says ‘good ol’ fashioned police work’ landed the FBI the private keys. 6441 Total views 8 Total shares Coinbase’s Chief Security Officer has refuted suggestions the U.S. crypto exchange was involved in any seizure of crypto assets related to recent Colonial Pipeline ransomware attack. CSO Philip Martin took to Twitter on June 8 […]

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Category: Ransomware