DOJ Seizes $500K in Ransom Payments, Cryptocurrency From State-Sponsored North Korean Hackers – Regulation Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

'Today, we have made public the seizure of those ransom payments, and we are returning the stolen funds to the victims.' crypto cryptocurrency bitcoin

“We are returning the stolen funds to the victims,” Deputy Attorney General Lisa O. Monaco said, adding that the seized funds include ransoms paid by health care providers in Kansas and Colorado.The U.S. Department of Justice announced Tuesday that it has seized and forfeited approximately $500K from North Korean ransomware actors and their conspirators.

Deputy Attorney General Lisa O. Monaco reiterated Tuesday at the International Conference on Cyber Security 2022, “We seized approximately half a million dollars in ransom payments and cryptocurrency used to launder those payments.” She added: “Thanks to rapid reporting and cooperation from a victim, the FBI and Justice Department prosecutors have disrupted the activities of a North Korean state-sponsored group deploying ransomware known as ‘Maui.

Last year, the North Korean group encrypted a Kansas medical center’s servers used to “store critical data and operate key equipment,” Monaco detailed. The attackers demanded ransom, which the hospital paid. The FBI and Justice Department prosecutors traced the ransom payment through the blockchain. “The FBI identified China-based money launderers — the type who regularly assist North Koreans in ‘cashing out’ ransom payments into fiat currency,” the deputy attorney general detailed. “Additional blockchain analysis revealed that these same accounts contained other ransom payments. The FBI traced those to another medical provider in Colorado and potential overseas victims.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good so much usdt is returned to people

Wow i am really proud of you guys

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DOJ: 4,000 beagles to be released from Virginia breeding, research facilityWASHINGTON — The Justice Department on Monday announced it has secured over 4,000 beagles for release from a Virginia company that was alleged to have been providing inhumane treatment of the dogs.
Source: WOKVNews - 🏆 247. / 63 Read more »

Casino mogul Stephen Wynn asks court to dismiss DOJ civil lawsuit alleging FARA violationCasino mogul and Republican megadonor Stephen Wynn asked a federal court on Monday to toss out a civil suit the Justice Department brought against him earlier this year seeking an order that he register under the Foreign Agents Registration Act.
Source: CNN - 🏆 4. / 95 Read more »

League City man sentenced to 35 years for exploiting child on Kik, possession of child pornography: DOJA League City man has been sentenced to 35 years in prison for exploiting a child on Kik, the U.S. Department of Justice said.
Source: KPRC2 - 🏆 80. / 68 Read more »