FBI Seizes Bitcoin Worth More Than $2.2 Million From Ransomware Affiliate

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FBI Seizes Bitcoin Worth More Than $2.2 Million From a Ransomware Affiliate

The Federal Bureau of Investigation (FBI) has seized bitcoin worthy much than $2.2 cardinal tied to ransomware payments. The cryptocurrency allegedly belongs to an affiliate of Gandcrab and Revil/Sodinokibi ransomware.

US Seizes Bitcoin Worth Over $2 Million

The Federal Bureau of Investigation (FBI) has seized astir 40 bitcoins from a Russian nonmigratory tied to Revil and Gandcrab ransomware, according to a tribunal papers unsealed Tuesday. The forfeiture ailment reads:

The United States of America files this verified ailment successful rem against 39.89138522 bitcoin seized from Exodus wallet … that is present located and successful the custody and absorption of the Federal Bureau of Investigation (FBI) Dallas Division.

At the clip of writing, the terms of bitcoin is astir $56,318.06 based connected information from Bitcoin.com Markets. The magnitude seized totals astir $2.247 million.

The seizure took spot connected Aug. 3. While the FBI did not uncover however it gained entree to the wallet, the tribunal papers explains that the wallet contained Revil ransom payments belonging to an affiliate identified arsenic Aleksandr Sikerin (aka Alexander Sikerin and Oleksandr Sikerin), whose email code is [email protected]

According to Bleeping Computer, the sanction “engfog” successful the email code is tied to a well-known Gandcrab and Revil/Sodinokibi affiliate known arsenic “Lalartu.”

Gandcrab and Revil organizations operated arsenic Ransomware-as-a-Service (RaaS), wherever halfway operators spouse with third-party hackers, known arsenic affiliates, the quality outlet noted, adding that ransom payments are divided betwixt the affiliate and halfway operators. The operators usually gain betwixt 20% and 30% of the ransom.

Earlier this month, the U.S. Department of Justice (DOJ) announced that it had seized $6.1 cardinal from Yevgeniy Polyanin, a Russian “charged with deploying Sodinokibi/Revil ransomware to onslaught businesses and authorities entities successful the United States.”

Meanwhile, the U.S. authorities has been expanding its efforts to combat ransomware attacks. The Treasury Department has already sanctioned 2 cryptocurrency exchanges tied to ransom payments.

What bash you deliberation astir the FBI seizing bitcoin tied to ransomware attacks? Let america cognize successful the comments conception below.

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