Business NewsRegulations News

The FBI blocked $130 million in crypto ransomware

In an official statement published yesterday, the U.S. Department of Justice announced that for months, the FBI have been disrupting a vast campaign of ransomware perpetrated by the Hive Network. By infiltrating some of the network’s computers, the Federal Bureau of Intelligence managed to protect victims, and avert more than $130 million in ransom demands.

The Hive group have managed in the year before that to attack more 1,500 victims in over 80 countries, and receive more than $100 million in crypto payments. By infiltrating the network, the FBI managed to recover encryption keys and distribute them to victims who had their systems encrypted by Hive members.

Stay ahead of the game with our Crypto News.
Boost your knowledge about Crypto with our Crypto Encyclopedia.

Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
Back to top button