GAS

Newbie bitcoin guy here but I thought one of the biggest benefits to bitcoin was that the government couldn't seize it:confused:
In addition to what H4M said about carelessness.

Pure bitcoin, in a vacuum may be safe. The transactions are visible, but "anonymous," I believe. Probably difficult to hide your location/identity with such a large transaction from the entity that controls much of the internet.

Law enforcement connects all the other, unprotected, unencrypted, dots around the cryptocurrency transactions.

The hackers probably left clues and bread crumbs in order to carry out the attack. One thing probably led to another.

...

You can even buy "anonymous" bitcoin, from an ATM, using your debit card, at a gas station, that's monitored by video surveillance. :)
 
I think it involved counter hacking so likely was semi extra judicial seizure. I seem to recall they locked the hackers out of their own systems (basically counter ransomware attack) but it's understandable if the feds won't disclose their methods.

If the feds had that much control over the hackers' systems, they probably had all kind of access to passwords including wallets. I think the hackers were careless if that was the case

US military's hacking unit publicly acknowledges taking offensive action to disrupt ransomware operations
https://edition.cnn.com/2021/12/05/...mand-disrupt-ransomware-operations/index.html

Cyber Command, the US military's hacking unit, has taken offensive action to disrupt cybercriminal groups that have launched ransomware attacks on US companies, a spokesperson for the command confirmed to CNN Sunday.

The spokesperson declined to specify what actions the command had taken. But it's one of the first, unequivocal acknowledgements from Cyber Command since the Colonial Pipeline ransomware attack in May that the command has targeted criminal gangs that hold the computer systems of US businesses hostage.

New comments by Gen. Paul Nakasone, head of Cyber Command and director of the National Security Agency, which the New York Times reported earlier Sunday, signal that the US military's computer operatives have been increasingly willing to hack criminals, and not just state actors, who pose a threat to US critical infrastructure.

Security agencies across the US government have ramped up their pursuit of ransomware groups after hacks brought Colonial Pipeline, a major transporter of US fuel, and a major meat processor to a standstill earlier this year. CNN reported in June that the US government had taken offensive steps in response to ransomware, including compromising and surveilling cybercriminal networks, according to sources familiar with the situation.

Nakasone said last month that the US government had "conducted a surge" against ransomware operators, including by trying to cut off the hackers' sources of funding.

Nakasone reiterated that message in an interview with the New York Times this weekend.

"Before, during and since, with a number of elements of our government, we have taken actions and we have imposed costs," Nakasone told the newspaper. "That's an important piece that we should always be mindful of."

The US government counteroffensive against ransomware groups, many of which are based in Eastern Europe and Russia, has also included indicting alleged extortionists and sanctioning a cryptocurrency exchange accused of laundering money for the hackers.

The White House has tried to pressure the Russian government into cracking down on cybercriminals operating from Russian soil. It remains to be seen whether that will happen -- Moscow has often turned a blind eye to hackers who do not target Russian organizations, analysts say.

President Joe Biden will hold a video call with Russian President Vladimir Putin on Tuesday. The two men will discuss cybersecurity, according to the White House, six months after Biden exhorted Putin to take action against hackers during a meeting in Geneva.
 
US military's hacking unit publicly acknowledges taking offensive action to disrupt ransomware operations
https://edition.cnn.com/2021/12/05/...mand-disrupt-ransomware-operations/index.html

Cyber Command, the US military's hacking unit, has taken offensive action to disrupt cybercriminal groups that have launched ransomware attacks on US companies, a spokesperson for the command confirmed to CNN Sunday.

The spokesperson declined to specify what actions the command had taken. But it's one of the first, unequivocal acknowledgements from Cyber Command since the Colonial Pipeline ransomware attack in May that the command has targeted criminal gangs that hold the computer systems of US businesses hostage.

New comments by Gen. Paul Nakasone, head of Cyber Command and director of the National Security Agency, which the New York Times reported earlier Sunday, signal that the US military's computer operatives have been increasingly willing to hack criminals, and not just state actors, who pose a threat to US critical infrastructure.

Security agencies across the US government have ramped up their pursuit of ransomware groups after hacks brought Colonial Pipeline, a major transporter of US fuel, and a major meat processor to a standstill earlier this year. CNN reported in June that the US government had taken offensive steps in response to ransomware, including compromising and surveilling cybercriminal networks, according to sources familiar with the situation.

Nakasone said last month that the US government had "conducted a surge" against ransomware operators, including by trying to cut off the hackers' sources of funding.

Nakasone reiterated that message in an interview with the New York Times this weekend.

"Before, during and since, with a number of elements of our government, we have taken actions and we have imposed costs," Nakasone told the newspaper. "That's an important piece that we should always be mindful of."

The US government counteroffensive against ransomware groups, many of which are based in Eastern Europe and Russia, has also included indicting alleged extortionists and sanctioning a cryptocurrency exchange accused of laundering money for the hackers.

The White House has tried to pressure the Russian government into cracking down on cybercriminals operating from Russian soil. It remains to be seen whether that will happen -- Moscow has often turned a blind eye to hackers who do not target Russian organizations, analysts say.

President Joe Biden will hold a video call with Russian President Vladimir Putin on Tuesday. The two men will discuss cybersecurity, according to the White House, six months after Biden exhorted Putin to take action against hackers during a meeting in Geneva.

How can it be? I was told Biden was super weak when this happened?
 
Probably not too much this trading session, but is there anything that can leak out of this phone call that will rattle the markets?
What's the play? LNG maybe? What if Putin threatens to shut off Europe's natty supply just in time for January?
Coal again?
 
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