'Today, we have made public the seizure of those ransom payments, and we are returning the stolen funds to the victims.' crypto cryptocurrency bitcoin
“We are returning the stolen funds to the victims,” Deputy Attorney General Lisa O. Monaco said, adding that the seized funds include ransoms paid by health care providers in Kansas and Colorado.The U.S. Department of Justice announced Tuesday that it has seized and forfeited approximately $500K from North Korean ransomware actors and their conspirators.
Deputy Attorney General Lisa O. Monaco reiterated Tuesday at the International Conference on Cyber Security 2022, “We seized approximately half a million dollars in ransom payments and cryptocurrency used to launder those payments.” She added: “Thanks to rapid reporting and cooperation from a victim, the FBI and Justice Department prosecutors have disrupted the activities of a North Korean state-sponsored group deploying ransomware known as ‘Maui.
Last year, the North Korean group encrypted a Kansas medical center’s servers used to “store critical data and operate key equipment,” Monaco detailed. The attackers demanded ransom, which the hospital paid. The FBI and Justice Department prosecutors traced the ransom payment through the blockchain. “The FBI identified China-based money launderers — the type who regularly assist North Koreans in ‘cashing out’ ransom payments into fiat currency,” the deputy attorney general detailed. “Additional blockchain analysis revealed that these same accounts contained other ransom payments. The FBI traced those to another medical provider in Colorado and potential overseas victims.
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