Colonial Pipeline hackers received $90,000,000 in bitcoin before shutting down.
” business model, meaning the hackers develop and market ransomware tools and sell them to other criminals who then carry out attacks. Ransomware is a type of malicious software that’s designed to block access to a computer system. Hackers demand a ransom payment — typically cryptocurrency — in return for restoring access.
after losing access to its servers and as its cryptocurrency wallets were emptied. DarkSide also blamed “pressure from the U.S.,” according to a note obtained by Intel 471.Tuesday, Elliptic said DarkSide and its affiliates bagged at least $90 million in bitcoin ransom payments, originating from 47 distinct cryptocurrency wallets. The average payment from organizations was likely $1.9 million, Elliptic said.
Of the $90 million total haul, $15.5 million went to DarkSide’s developer while $74.7 million went to its affiliates, according to Elliptic. The majority of the funds are being sent to crypto exchanges, where they can be converted into fiat money, Elliptic said.