Ransom News

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.

The USDT stablecoin issuer says it received a $23 million ransom demand payable by Monday. The deadline has since passed, and Tether isn't paying.

A former YouTuber has been sentenced to 50 years in prison for masterminding a kidnapping that demanded $100,000 in BTC for the victim’s safety.

An alleged “The Dark Overlord” hacking collective member has been extradited from the U.K. to face charges in the United States.

Authorities in Johannesburg are holding firm in their refusal to pay a ransom of 4 Bitcoin to hackers who targeted municipal systems last week.