Following Money Through the Bitcoin Laundry Is Not So Easy

Rjain
By Rjain July 19, 2017 14:17

Following Money Through the Bitcoin Laundry Is Not So Easy

Just recently there was a small ransomware outburst called “Peyta” that attacked various computers around the world. The creators of Peyta didn’t make as much money as the Wannacry extortionists had made a few weeks earlier, as Petya only raked in around $8,000 worth of BTC. However, the money the hackers accumulated has moved and following those bitcoins has proven to be extremely difficult.

Petya Ransomware Funds Travel Through the Tumbling Process

The latest Petya ransomware wasn’t as crazy as the mainstream media portrayed it to be, and the creators only made off with $8,000 in extortion funds. One of the reasons the attackers didn’t make much money was due to their email being shut down. What’s interesting about the Petya ransomware is the hackers chose to use one particular address to collect funds as opposed to multiple addresses commonly used in these types of protocols. After a couple of days, the hackers started moving the money to different addresses. Individuals following the funds believe the money was sent through a tumbler or a platform that mixes bitcoins in order to obfuscate the sending process.

Read full news at bitcoin

Rjain
By Rjain July 19, 2017 14:17
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