Can crypto actually be non-traceable? I remember currencies like Monero or ZCash advertising privacy from the last crypto craze. I mean if you have 100M in some account, can you actually run it trough "private" currencies to remove traces? BTC, ETH etc. all seems super traceable, even more so than in regular banking. Also how are criminals getting their money out with no one noticing, does Panama/Malta etc. have Krak…
DarkSide ransomware gang quits after servers, Bitcoin stash seized
41–50 of 623 posts
Re: DarkSide ransomware gang quits after servers, Bitcoin stash seized
#42Earlier quoted context omitted.
I think it's still just pseudo-anonymity, even for monero. Which means, practically, that I don't think it would have done more for these guys than just delay the seizure.
Nope. Monero is actually private and untraceable.
Re: DarkSide ransomware gang quits after servers, Bitcoin stash seized
#43Statements like this seem to point to ransomware activities being far more coordinated and "business-like" than they often get credit for.
I do wonder if ransomware is (in a strange way) a(n illegal) free-market response to what is perceived to be an under-valuation of tech skills - aggrieved people who can carry out attacks and gain access to deploy ransomware are likely to be able to earn more through this route, even factoring in their "risk of being caught".
If a market correction occurs (ransomware becomes a real fear, organisations rapidly start to value security skills more and pay "megabucks" for the skills and hire them at-scale), the risk/reward of being caught starts to mean access brokers reduce in number, and the compensation reaches a free market equilibrium (accounting for the "getting caught" risk of criminal activity).
A lot of the time I still see people trying to hire entry-level people into live/ operational security roles, without the experience they'd need. I wonder if this is partly due to a desire to cut costs, rather than accept the need to pay rock-star compensation?
Re: DarkSide ransomware gang quits after servers, Bitcoin stash seized
#44Re: DarkSide ransomware gang quits after servers, Bitcoin stash seized
#45As a result, the ransom had the optics of an attack on infrastructure. As evidenced by the coverage of Americans desperately filling up containers.
This created the impetus for the US to treat this as an incident far and above the ambient ransomware activities leading up to this.
It also gave the US an opportunity to show how effective it could be when it had the political cover to do so.
Re: DarkSide ransomware gang quits after servers, Bitcoin stash seized
#46why are ransomware groups transacting in BTC, which can be easily traced?
Just curious, what alternatives are there, and how would they work?
Re: DarkSide ransomware gang quits after servers, Bitcoin stash seized
#47Re: DarkSide ransomware gang quits after servers, Bitcoin stash seized
#48>“However, a strong caveat should be applied to these developments: it’s likely that these ransomware operators are trying to retreat from the spotlight more than suddenly discovering the error of their ways”
Re: DarkSide ransomware gang quits after servers, Bitcoin stash seized
#49If this is the US taking action, they should go after distributed denial of secrets next ( https://en.m.wikipedia.org/wiki/Distributed_Denial_of_Secret... ). This group is doxxing people for their donations, which isn’t “hacktivism” - it’s just a criminal breach of privacy. Crime doesn’t become a non-crime just because it is left-biased. Enough with the unchecked rise of cyber crimes.
How do you feel about Wikileaks and the prosecution of Julian Assange?