Hackers Demand $70 million dollars in Bitcoin from US based Ransomware Victims
Published
11 months agoon
An alleged Russian group of hackers have demanded over $70 million in Bitcoin to restore the damage done to a number of US based companies in a recent ransomware attack. The incident came two months after the recent Colonial pipeline ransomware attack that happened in May, this year, 2021.
The hackers launched the attack during the 4th July independence celebration holiday last weekend. They claim Russian origin and are identified as the “REvil group”. About 200 companies in the United States were victims of the ransomware attack by the hackers. Over 100 other firms all over the world were affected by the recent hack as well.
The Russian group of hackers have demanded a sum of $70 million dollars in Bitcoin (BTC) to release the decryption codes to the affected companies to restore their data. They boast of having access to more than 1 million computers in the world and threatened that the only way the companies could restore their data was to pay the ransom. The affected companies risk leakage of their data to their public if they fail to comply.
Origin of the Attack Remains Unclear
See also:Vietnamese Prime Minister Asks the Central Bank to Look into Cryptocurrency
The United States has a history of battling with ransomware attacks which is believed to be mostly likely from Russia. President Biden is said to have appointed agencies to gather intelligence as regards the issue.
However, the President has cleared the air about the identity and origin of the hackers. He stated whether or not the attack from Russia remains unclear for now.
What do you think? Share your comments below
You may like
-
Poly Network Hackers Allegedly Returns Stolen Funds, Claims They Were Offered $500k
-
North Korean Hackers Charged by U.S Prosecutors for Stealing over $1bn
-
Hackers Attack the Louisiana Based Servers of a $850 Million Worth Crypto Exchange
-
Antivirus Firm, ESET Gives warning over Trojanized Tor Browser Targeting Bitcoin Users
Latest Episode on Inside Blockchain
Crypto News Update
Crypto Street
Trending
Crypto Bootcamp Community Celebrates Bitcoin Pizza Day Across Africa
The advent of Bitcoin has paved the way for seamless cross-border payments. The demand for third-party intervention in financial transactions...
Explore, Build Assets, Fight and Earn in the Supernova Space
A new economy was opened in 2017 when blockchain was integrated into gaming to produce the first Web3 game: CryptoKitties....
Owl.Games: The Rise of Crypto Games in the Casino Industry
Crypto gaming used to be new a few years ago but it’s going mainstream now. However, there are some sectors...
BCAT Africa: Reducing Unemployment in Africa
One of the greatest lines spoken in the Spiderverse is “with great power comes great responsibility”, although it can be...
Gamified NFT Platform Trove Announces Launch Partners SideQuest
Trove has announced its new Launch Partnership with SideQuest, a gamified risk-to-earn NFT collection. It was announced on Twitter today. ...
[…] post Hackers Demand $70 million dollars in Bitcoin from US based Ransomware Victims appeared first on […]
[…] Read more:Hackers Demand $70 million dollars in Bitcoin from US based Ransomware Victims […]
Lol, Russians don get liver oil but I feel say na those pained Chinese guys run am.