Colonial Pipeline Ransomware Recovery On June 7, 2021, the US Department of Justice announced that they had seized 63.69 BTC of the 75 BTC ransom Colonial Pipeline had paid to DarkSide. This ransom recovery is the first undertaken by the…
CipherTrace provides critical cryptocurrency intelligence to the Ransomware Task Force to trace the criminal actors that perpetuate this threat. Ransomware not only impacts individuals; it also targets healthcare, education and even tech giants like Apple. Ransomware continues to plague both the public and private…
In a December 9 CipherTrace-ACFCS Webinar on “How Cryptocurrency Intelligence Tipped the Scales in 2020 Sanctions Evasion,” over 500 attendees from various Financial Institutions were asked if they felt confident detecting cryptocurrency related payments flowing through their institutions and/or investigations.…
According to the US Department of Treasury, since 2013 there has been a consistent decrease in reported bulk cash seizures by agencies throughout the United States. This could be indicative of increased cryptocurrency use by criminals in favor of cash. The lack…
On August 3, cybersecurity firm McAfee released new researching showing the activities of NetWalker—ransomware that has collected more than 2,795 bitcoin by operating a ransomware-as-a-service (RaaS) model. Using CipherTrace Inspector, McAfee was able to trace through NetWalker ransomware transactions to follow the coins and uncover intelligence on the…
On January 30, the Office of the Comptroller of the Currency (OCC) issued the first cryptocurrency-related enforcement action against a U.S. bank—M.Y. Safra Bank (MYSB), which is headquartered in New York City. The enforcement action consisted of a cease and…
If you travel a lot – especially during January 2020, which was National Slavery and Human Trafficking Prevention Month – you likely saw ads exhorting you to look out for evidence of human trafficking and report what you see to…
CIPHERTRACE GLOBAL ALERT: New Phishing Attack Claims to Have Webcam Video of Victims Performing Embarrassing Act – Asks for Ransom in Bitcoin Global Alert, December 11, 2019: In early December 2019, CipherTrace researchers received multiple reports of a new strain…