Author Topic: How did federal agents recover bitcoin and access a crypto wallet tied to the Colonial Pipeline cybe  (Read 336 times)

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Offline thackney

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I pondered about what category this belonged in, feel free to move....

How did federal agents recover bitcoin and access a crypto wallet tied to the Colonial Pipeline cyberattack?
https://www.marketwatch.com/story/how-did-federal-agents-recover-bitcoin-and-access-a-crypto-wallet-tied-to-the-colonial-pipeline-cyberattack-11623182259
June 8, 2021

...U.S. federal authorities are fairly tight-lipped on the method of recovering some $2.3 million in bitcoin paid to cyber-hackers of Colonial Pipeline Cos., last month. It is a rare, but not unprecedented, win for agents who are part of a newly formed Ransomware and Digital Extortion Task Force.

But the big question for crypto market participants may be how the government tactically tracked down the bitcoin BTCUSD, 6.24% allegedly obtained by the Eastern European hacking group known as DarkSide and how the federal agents obtained access to a password-protected wallet.

The U.S. Justice Department on Monday said a news conference that it seized about 64 bitcoin paid by Colonial to hackers, valued at roughly $2.3 million, from a virtual wallet....

...An unidentified special agent with the FBI’s cybercrimes squad, in an affidavit with the California’s Northerrn District, requesting a warrant to seize the digital assets, says that the agency used public blockchain explorers to track payments made to the hackers....
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Offline thackney

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Blockchain Explorer Tutorial – What Is A Blockchain Explorer
https://www.softwaretestinghelp.com/blockchain-explorer-tutorial/
May 30, 2021

...Blockchain explorers are the Google of cryptocurrencies and blockchain. They allow users to access different details related to transactions on specific wallet addresses and blockchains including amount transacted, sources and destination of funds, and status of the transactions.

They can be used to extract virtually any data related to transactions, wallets, and blockchains including rich lists and hidden messages....
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Online Cyber Liberty

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The people who have driving the price of Bitcoin up are a bit distressed to discover it can be looted out from under them by government.
For unvaccinated, we are looking at a winter of severe illness and death — if you’re unvaccinated — for themselves, their families, and the hospitals they’ll soon overwhelm. Sloe Joe Biteme 12/16
I will NOT comply.
 
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Offline jmyrlefuller

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The people who have driving the price of Bitcoin up are a bit distressed to discover it can be looted out from under them by government.
How ironic.

But hey, now the fad has moved from cryptocurrencies to NFT. All the opacity of the art market, now available on the blockchain.
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