Home Monero Hackers Double Down On Bitcoin Demanding $11m In Latest Ransomware Attack

Hackers Double Down On Bitcoin Demanding $11m In Latest Ransomware Attack

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Stories have emerged that hackers have been paid $11 million in Bitcoin following an assault on JBS USA Holdings, a meatpacking agency that provides 1/5 of the nation’s meat.

Following the latest Colonial Pipeline hack debacle, which raised doubts on the story’s legitimacy, observers are watching this newest cyberattack with wariness.

Hacker Group REvil Demanded Bitcoin

Analysts say the JBS assault is a part of a brand new offensive concentrating on important service suppliers, together with hospitals, transport operators, and oil refiners. Beforehand, hackers tended to deal with data-rich operations similar to retailers and banks.

The JBS CEO Andre Nogueira mentioned he first turned conscious of the assault early morning Sunday, Might 30. Workers knowledgeable him of irregularities with the corporate’s servers. Additional investigation turned up a message demanding a ransom cost to regain management of techniques.

Nogueira contacted the FBI and ordered system shutdowns to sluggish the unfold of the assault. Forensic evaluation failed to indicate how the hackers managed to search out their means in. However the FBI has pinned the assault on a hacker group referred to as REvil.

Consultants overseeing the restoration cautioned Nogueira that the hackers should have entry. They advisable persevering with negotiations.

Nogueira mentioned he approved the ransom cost in Bitcoin to guard his agency from additional disruption and reduce the influence alongside the availability chain.

“It was very painful to pay the criminals, however we did the fitting factor for our prospects.”

Colonial Pipeline Story Doesn’t Stack Up

JBS wasn’t the one high-profile cyberattack in latest weeks. The Colonial Pipeline hack, which occurred in late April, was accountable for disrupting gas provides throughout the East Coast.

Since then, the FBI claims to have recovered a lot of the 75 Bitcoin ($4.4 million) ransom paid to the DarkSide hacker group. Nonetheless, a scarcity of particulars surrounding the case generally and oddities within the story have led to speak of conspiracy.

Most odd was the restoration of a part of the Bitcoin, with experiences claiming the FBI recovered 63.75 BTC. On the time of the announcement, the FBI refused to present particulars on how they achieved this. It later emerged they’d seized a cloud server that saved the Bitcoin pockets’s non-public keys.

This then raises questions on why the FBI recovered solely a part of the BTC. And why an skilled hacker group would retailer Bitcoin non-public keys on a cloud server and with out additional protections.

Some have explained the incompetence as an newbie “unhealthy actor,” who contracted DarkSide to carry out the hack. The Bitcoin recovered represented the “unhealthy actor’s” portion, whereas the lacking the rest was DarkSide’s reduce of the spoils.

Any ransom cost made by a sufferer is then break up between the affiliate and the developer. Within the case of the Colonial Pipeline ransom cost, 85% (63.75 BTC) went to the affiliate and 15% went to the DarkSide developer.

On condition that the Bitcoin community is a public ledger and considerably hemmed in by KYC on/off ramps, it’s weird that hackers aren’t making life simpler for themselves by demanding ransoms be paid in Monero.

Hypothesis exists that this was a sham to discredit Bitcoin, not solely as a software for criminals but in addition as an unsecure retailer of worth.


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