The Federal Bureau of Investigation (FBI) seized more than $2.2 million worth of bitcoin related to ransomware payments. Allegedly, the cryptocurrency belongs to affiliated companies of Gandcrab and Revil/Sodinokibi ransomware.

U.S. confiscates Bitcoin worth more than $2 million

Federal Bureau of Investigation (FBI) Seized According to a court document unsealed on Tuesday, nearly 40 bitcoins from a Russian resident were related to Revil and Gandcrab ransomware. The content of the confiscation complaint is as follows:

The United States of America filed this confirmed complaint against 39.89138522 bitcoins seized from the Exodus wallet, which is now located and managed by the Dallas branch of the Federal Bureau of Investigation (FBI).

At the time of writing, according to Bitcoin.com Markets, the price of Bitcoin is approximately $56,318.06. The total amount seized was nearly 2.247 million U.S. dollars.

The seizure occurred on August 3. Although the FBI did not disclose how it obtained the wallet, court documents explained that the wallet contained the Revil ransom, belonging to an affiliate called Aleksandr Sikerin (aka Alexander Sikerin and Oleksandr Sikerin), and its email address was engfog1337@gmail .com.

According to Bleeping Computer, the name “engfog” in the email address is related to the famous Gandcrab and Revil/Sodinokibi affiliate “Lalartu”.

The news media pointed out that the Gandcrab and Revil organizations operate in the form of ransomware as a service (RaaS), in which the core operator cooperates with third-party hackers called affiliates, and added that the ransom is paid between the affiliates and the core operator. Apportioned between. Operators usually get a ransom of 20% to 30%.

Earlier this month, the U.S. Department of Justice (DOJ) Announce It seized 6.1 million US dollars from the Russian Yevgeniy Polyanin, “responsible for deploying Sodinokibi/Revil ransomware to attack American companies and government entities.”

At the same time, the US government has been stepping up efforts to combat ransomware attacks.Ministry of Finance has Sanctioned Two cryptocurrency exchanges related to ransom payment.

What do you think of the FBI’s confiscation of bitcoin related to ransomware attacks? Please let us know in the comments section below.

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