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Blockchain Analytics Firm Tracks Down BTC Wallet of Hackers Who Caused US Gas Shortages

Blockchain analytics agency Elliptic says it has recognized the Bitcoin pockets that hackers used to obtain ransom fee from Colonial Pipeline, one of the most important gasoline pipeline operators within the US. 

The Eastern European prison group DarkSide is linked to the ransomware assault that compromised the pc system of Colonial Pipeline, inflicting a number of days of outage, gasoline scarcity, and gasoline worth enhance. 

The Georgia-based pipeline operator, which supplies about 45% of the east coast’s gasoline, reportedly paid practically $5 million in cryptocurrency to revive its disabled pc community.

Elliptic says that DarkSide’s Bitcoin pockets acquired 75 BTC from Colonial Pipeline on May eighth. An evaluation of blockchain transactions additionally reveals that the pockets acquired 57 funds from 21 totally different wallets, which embrace the 78.29 BTC from Brenntag, indicating that the chemical distribution firm was additionally a sufferer of DarkSide.

“The affiliate’s share (the half of the ransom that goes to the deployer of the malware) of each the Colonial Pipeline and Brenntag ransom funds have been despatched to the identical Bitcoin handle, suggesting that the identical occasion was liable for infecting each of these companies.”

The agency says it additionally found a beforehand unreported ransom fee of round $320,000 in BTC despatched on May tenth from the identical trade utilized by Colonial Pipeline. 

The prison group’s pockets has been energetic since March 4th, and Elliptic says it has thus far acquired a complete of $17.5 million in crypto funds. 

The US authorities is purported to have seized $5 million value of BTC from the pockets, however Elliptic says that even if so, DarkSide nonetheless managed to maneuver the bulk of the ransom fee out of the compromised pockets on May ninth. 

The analytics agency says that 18% of the cash have been despatched to a small group of exchanges and 4% went to Hydra, the most important darknet market that provides cash-out companies.

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Featured Image: Shutterstock/Anastassiya Bezhekeneva

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