U.S. Seeks Forfeiture of $2.4M in Bitcoin Seized from Ransomware Group
The U.S. Department of Justice is pursuing the forfeiture of approximately $2.4 million in Bitcoin that was seized from a ransomware group known as Chaos. The move follows a detailed investigation that led federal agents to a cryptocurrency wallet believed to be tied to illicit cyber activities, specifically ransomware attacks targeting both public and private […]
US DOJ Doubles Effort to Target Crypto Ransomware Crimes
The United States Department of Justice (DoJ) has announced that it will double the size of its 2021-established crypto crime team by merging it with the Computer Crime and Intellectual Property Section. The Department of Justice published Nicole Argentieri’s remarks at the Center for Strategic and International Studies on July 20. In her address, Argentieri […]
FBI requests ransomware attackers’ Bitcoin wallet data
The FBI has requested Americans to disclose information that can be used to find the whereabouts of the hackers. This request was made in conjunction with two other federal agencies, CISA and MS-ISAC. Federal Bureau of Investigation (FBI), Cybersecurity and Infrastructure Security Agency, and Multi-State Information Sharing and Analysis Center released coordinated advice in an […]
Crypto transactions are legitimate but sanctions are still needed – Treasury official
The US Department of Treasury’s Deputy Secretary, Wally Adeyemo, stated that the department would likely be implementing harsher sanctions against corporations engaging in illegal ransomware payments. Adeyemo said the US government will certainly use sanctions when criminals endanger national security interests, speaking at an online event hosted by the Center for a New American Security […]
New Australian legislation allows for the seizure of cryptocurrencies
Australian lawmakers are taking a stronger approach against ransomware, as authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under the new legislation. Following a 60 percent increase in cyberattacks on Australian businesses and state agencies last year, the federal government announced new safeguards and a proposed Surveillance Legislation Amendment on Oct. […]