The Federal Bureau of Investigation seizes more than $2,000,000 worth of digital assets related to ransomware attacks by Aleksandr Sikerin, a Russian resident. This criminal is well-known for his connections to REvil, a cyber gang that attacked many US businesses in recent years.
REvil in the Spotlight Again
CNN reported that the ransomware attacks on cryptocurrency seized by Sikerin, who according to US law enforcement officials is part of ransomware gang REvil, were “traceable”. Further indicating his connections to the group, his last known address was in St. Petersburg.
This was done as part of an ongoing US effort in order to block funding sources for Russian or Eastern European cybercriminals. The White House appeals to Vladimir Putin, Russian President, to take action against criminal actors operating within Russia’s borders.
The Justice Department announced last month that it had seized more than $6 million in ransom payments that were allegedly made by YevgeniyPolyanin, a Russian resident linked to REvil. This criminal has carried out approximately 3,000 ransomware attack, some of which were on Texas municipalities.
Polyanin, despite being exposed by the US authorities is still at large. His exact location is believed to be in Russia, specifically the Siberian city Barnaul.
The FBI and the Secret Service track the activities of these criminals. However, the US Department of the Treasury began penalizing ransomware-related companies. Suex, a trading venue located in the Czech Republic, was the first to be sanctioned.
Wally Adeyemo, Deputy Treasury Secretary, claimed that Suex had been involved in facilitating transactions involving “illicit proceeds from at least eight variants of ransomware.” He also stated that 40% of the company’s transactions history was linked to illegal actors. Suex was immediately banned from doing business in the USA.
REvil’s Big Hit
REvil attacked JBS USA at the start of summer. JBS USA is the largest meat processor in the world, with annual sales of over $50 billion.
The perpetrators also locked sensitive information from JBS, which was common in similar hacks. They demanded $11 million to be paid in BTC.
Surprisingly, the meat producer agreed to meet the demand. JBS CEO Andre Nogueira explained that the payment was made because the company feared it would become another victim, further harming all customers who rely on its products.
Featured Image Courtesy Of TheIndependent
Marla Brooks – Financial Analysis
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