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New analysis sheds light on DOJ Bitcoin seizure, as JBS pays massive $11M ransom

June 10, 2021. Summarized by summa-bot.

Compression ratio: 24.7%. 1 min read.

JBS has paid an $11M Bitcoin ransom and the regulatory pressure on crypto is mounting in the U.S.

As reported by Cointelegraph, the FBI managed to recover 63. 7 BTC from the 75 BTC ransom paid by the firm to another Russian-linked hacker group called DarkSide.

Evertas analyzed the transfers using a combination of open-source tools and subscription-based blockchain analytics to reveal that the hacker group split the ransom over three addresses in early May. The analysis reveals that DarkSide controlled multiple addresses containing a total of 114 BTC up until the middle of May. On 7 June, 63. 7 BTC were seized from one of the addresses and Evertas believes the FBI probably controls the rest:

“Evertas suspects that the FBI likely now controls the remaining almost 114 BTC and may be working to tie other payments made to DarkSide by other victims of the hackers’ RaaS [Ransomware as a Service] before effecting official seizures of the remaining funds. ”

by summa-bot

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