US law enforcement officials from the Justice Department on Monday announced the seizure of $2.3 million worth of crypto assets paid to Colonial Pipeline hackers. Deputy Attorney General Lisa Monaco told a news conference that federal agents “withdrew the majority of the colonial ransom paid to the Darkside Network.”
FBI Recovers Private Keys for Over 63 Bitcoins, Investigator Says Using Real-Time Blockchain Monitoring
- On May 14, Bitcoin.com News Reported The hackers are extorting Colonial Pipeline on the Darkside network for about $5 million. Last month, Colonial’s CEO said that the firm has authorized the payment of approximately $4.4 million in digital assets.
- Justice Department famous The full amount of the seizure on Monday was 63.7 bitcoins, valued at approximately $2.3 million at the time of the seizure.
- “Earlier, the Justice Department has found and recovered most of the ransom consignment paid to the Darkside Network in the wake of last month’s ransomware attack,” Deputy Attorney General Lisa Monaco commented during TODAY. news conference. Ransomware attacks are always unacceptable—but when they target critical infrastructure, we will spare no effort in our response,” she said.
- Monaco continued to explain that federal agents flipped the script on the infamous hacker gang. “Today, we turned the tables on the darkside,” insisted Monaco. “Following the entire ecosystem promoting ransomware and digital extortion attacks, including criminal proceeds in the form of digital currency, we will continue to use all of our tools and all of our resources to increase the costs and consequences of ransomware attacks. and other cyber-enabled attacks.”
- “The private key to the subject’s address is with the FBI in the Northern District of California,” an FBI agent’s affidavit stated. filed on 7 June 2021.
- William Callahan, Director of Government and Strategic Affairs Blockchain Intelligence Group Intelligence (CSE: BIGG) wrote to Bitcoin.com News about the FBI’s seizure.
- “From the moment the FBI received intelligence that an illegal actor was threatening to shut down the Colonial Pipeline, a direct threat to our national security, and the lives of millions of people on the East Coast, federal agents, intelligence analysts and prosecutors Influencing teams from the Department of Justice, Homeland Security and other branches of government focused on basic techniques that criminal investigators use in all financial-related crimes, ‘follow the money.’ While these are basic techniques, cryptocurrency investigation training and analysis requires advanced tools and learning,” Callahan told Our Newsdesk.
- “In Colonial’s case, investigators ‘followed the coin’ by exploiting data contained in the bitcoin blockchain, a public ledger,” said Blockchain Intelligence Group investigator Callahan. “Investigators and analysts use software to track and trace the flow of bitcoin in real-time monitoring [transactions]. This type of software, working alongside traditional investigative techniques and with our foreign law enforcement counterparts, is essential to disrupt and destroy these ransomware gangs. “
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