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Is Banning Bitcoin the Solution to Ransomware Attacks?

After the Colonial Pipeline ransomware attack, some on Capitol Hill are wondering whether restrictions – or even an outright ban – on bitcoin are a solution for the growing problem of ransomware attacks. CoinDesk's Nik De weighs in.

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Markets

Головний законодавець США тисне на великі компанії щодо Крипто платежів із програмами-вимагачами

Плата міжнародним злочинцям за розблокування даних «поставить ще більшу мішень на задню частину критичної інфраструктури», — каже REP США. Керолін Мелоні.

Rep. Carolyn Maloney (D-N.Y.) demanded answers from Colonial Pipeline and CNA Financial about their ransomware payments, warning that paying these fees may lead to further growth in ransomware attacks.

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Elliptic: ‘Far Less Than 1%’ of All Bitcoin Transactions Are Criminal

Dr. Tom Robinson, Elliptic’s co-founder and chief scientist, explains why Elliptic is keeping the information about their discovery of the wallet used by Colonial Pipeline ransomware hackers private. Plus, his thoughts on blockchain analytics and the proportion of criminal transactions on the blockchain.

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Videos

DHS to Issue First Cybersecurity Regulations in Wake of Colonial Pipeline Hack

The Department of Homeland Security (DHS) is issuing a security directive that will require pipeline companies to report cybersecurity incidents to the agency. "The Hash" panel discusses how the Colonial pipeline ransomware hacking incident demonstrates the need for collaboration between government and industry on security.

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Finance

Відстежено схованку Bitcoin хакерів DarkSide

З березня хакери DarkSide могли отримати 321,5 BTC за викуп, а 107 BTC досі не враховані.

Detective board with evidence

Videos

The Bitcoin Wallet Used by Colonial Pipeline Hackers Is Identified; Now What?

Is bitcoin really untraceable? As blockchain analytics firms such as Elliptic and Chainalysis show, bitcoin transactions are not as secret as some people think. CoinDesk’s Nik De breaks down the story of how Elliptic identified the bitcoin wallet used by DarkSide, the hacker group behind the Colonial Pipeline shutdown.

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Videos

Ransomware Attack Forces Major US Pipeline to Shut Down

A ransomware attack, apparently carried out by a criminal group over the weekend, forced Colonial Pipeline, which carries nearly half of the East Coast's gasoline and diesel, to shut down. CoinDesk's privacy reporter Ben Powers breaks down the situation and discusses how this demonstrates the fragility of online infrastructure and data pipelines.

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