Ransom News

After sentencing the three kidnappers to 12 years each and ordering civil damages, the court noted that the masterminds behind the attack remain at large.

French authorities suspect the possibility of a criminal organization behind two recent crypto-linked alleged kidnappings, Le Parisien reports.

The Securities and Exchange Commission has questioned Coinbase’s 2021 claim that it had more than 100 million “verified users” in the ongoing investigation.

Coinbase rejected a $20 million ransom demand after insiders leaked user data in a phishing scheme. The exchange expects up to $400 million in reimbursement and remediation costs.

A UK gang that kidnapped, tortured and extorted a man for his cryptocurrency has been sentenced at Manchester Crown Court.

Ledger co-founder David Balland was kidnapped in France and safely released after police intervention. The incident involved a cryptocurrency ransom demand.

Ransomware attacks resulted in over $1 billion in cryptocurrency payments in 2023 as criminals targeted high-profile institutions and infrastructure.

SmokeLoader, RaccoonStealer (also known as RecordBreaker) and Vidar top the charts, according to BlackBerry’s list.

Attackers of this kind are supposedly “big game hunting” large-scale organizations with deep pockets to extract ”the most money possible” out of these firms.

The hack on Latitude Financial is Australia’s biggest cyberattack, with driver’s license numbers, passports and financial documents among the stolen information.

Since December 2022, the two malicious files — MortalKombat ransomware and Laplas Clipper malware — have been actively scouting the internet and stealing cryptocurrencies from unwary investors.

The Ransom Disclosure Act aims to help the Department of Homeland Security gather critical data on ransom payments in cryptocurrency and fiat.

Joe Biden said that the U.S. and Russia might have the beginnings of a "cybersecurity arrangement that begins to bring some order" within the next year.

Government officials did not specify the exact method used to seize the funds from the ransomware group.

As seen in the case of AA v. Bitfinex, targeting a crypto exchange over stolen funds is a high-risk, low-reward proposition.