Tether hit with 500 Bitcoin ransom demand — But says it won't pay
The USDT stablecoin issuer says it received a $23 million ransom demand payable by Monday. The deadline has since passed, and Tether isn't paying. Hackers have threatened to release sensitive company documents supposedly belonging to USDT stablecoin issuer Tether unless the firm sends a 500 Bitcoin (BTC) ransom to a specified address. As revealed by the official Twitter account for Tether on Sunday, hackers purportedly threatened to leak documents that would “harm the Bitcoin ecosystem” if their ransom demands were not met. Tether has already stated that it will not pay the ransom, which....
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Just days after the conclusion of its long-running feud with the Office of the Attorney General of New York, Tether says it is now a victim of an extortion attempt. According to the stablecoin issuer, the blackmailers are threatening to release documents they claim “will harm the bitcoin ecosystem” if their demand for the payment of 500 bitcoins is not met. Tether Not Paying the Ransom However, in its statement dismissing the threat, Tether says the blackmailers were attempting to extort money using “forged documents.” According to Tether, the documents purport to....
A hacker group that refers to itself as the "Armada Collective" has contacted at least four Thai banks with the threat of cyberattacks if ransom demands aren't paid up in Bitcoin, according to an English news daily in the country. Although details are currently scarce, The Nation, a prominent English-language broadsheet in Thailand reports that a criminal hacker group called the "Armada Collective" has contacted at least four Thai banks via email with a threat to engage in cyber attacks. The publication also notes that the Armada Collective previously targeted Switzerland-based hosting....
One of the largest insurance companies in Israel has been hit by a ransomware attack, and the threat actors started to release sensitive data, as the firm doesn’t pay the requested ransom in bitcoin (BTC). Israel-Based Shirbit Still Refuses to Pay $3.8 Million Ransom According to The Jerusalem Post, the Black Shadow group is the mastermind of the ransomware deployed on the IT infrastructure of Shirbit on December 1, 2020, who requested a ransom of 200 BTC (over $3.8 million as of press time). Initially, the hackers asked for 50 BTC, but the insurance company refused to comply with....
Chinese authorities have jailed four individuals that were accused of kidnapping one person and demanding “hundreds of bitcoins” as a ransom payment. While the alleged kidnapping is reported to have occurred in the Philippines, the cooperation between the two countries eventually led to the arrest and eventual sentencing of the Chinese kidnappers.
A Ransom Demand
Four Chinese citizens accused of kidnapping and demanding bitcoin as ransom payment have been jailed, China’s Embassy in the Philippines has said. Two of the accused — namely, Liu and Zhang....
The rise of ransomware attacks is giving banks a cause for concern as they now have to buy and keep cryptocurrency in the event it is needed to pay criminals when their files are held to ransom. In an interview with Business Insider, Malwarebytes CEO, Marcin Kleczynski, said the situation has become so aggressive to the business environment in the last six to 12 months that companies from 25 people to 250,000 people are getting hit with ransomware. In the past year, the number of such recorded attacks – and the call for bitcoin-related payment for ransom – has been worrying. The Rise of....