FBI Requests Bitcoin Wallet Details of Ransomware Perpetrators

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  • The FBI is asking for details on ransomware attackers’ crypto wallets.
  • The Bureau is attempting to stop ransomware attacks.
  • The agency has also requested DeFi platforms to increase their security measures.

A ransomware-like software known as Vice Society, which encrypts data and asks for payment in exchange for decryption, was brought to the attention of the general public by joint cybersecurity warning from the Federal Bureau of Investigation (FBI) as part of the #StopRansomware campaign.

An advisory was published jointly by the Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency, and the Multi-State Information Sharing and Analysis Center in the United States. The purpose of the advisory was to gather the information that may be used to reduce the number of ransomware assaults.

While preventative measures continue to be an essential component of ransomware defense, the FBI has requested Americans to provide information that might assist in locating the hackers. Pieces of Information related to Bitcoin (BTC) wallets, ransom letters, and IP addresses associated with the attacker are some of the main pieces of data that the FBI is looking for.

Recently, the Federal Bureau of Investigation (FBI) also issued a warning to investors about the risks associated with investing in decentralized finance (DeFi) platforms and requested that DeFi platforms increase their level of security measures.

According to the Federal Bureau of Investigation (FBI), which cited a report from blockchain analysis company Chainalysis, cybercriminals stole $1.3 billion worth of cryptocurrencies between January and March of 2022. Almost 97% of the crypto was taken via DeFi platforms.

The FBI has stated that criminals commonly exploit DeFi platforms by taking advantage of a flash loan vulnerability, bypassing signature verification, or manipulating trading pairs; the agency has also recommended that DeFi platforms have a strategy in place for countering exploits and warning investors.

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