WannaCry Money Laundering Attempt Halted

PaulRubens - August 4, 2017 - 01:19 PM

WannaCry Money Laundering Attempt Halted

A cryptocurrency exchange network has blacklisted the WannaCry criminals' Bitcoin wallets.

(CCM) — The hackers behind the WannaCry ransomware have been foiled in their attempt to launder the Bitcoins they received as ransom payments, according to a BBC report. The BBC says that the hackers attempted to use an exchange network called ShapeShift to switch the Bitcoins into another cryptocurrency called Monero which is designed to be more anonymous than Bitcoin.

But the money laundering attempt failed after staff at ShapeShift were alerted. "As of today, we have taken measures to blacklist all addresses associated with the WannaCry attackers that are known to the ShapeShift team," a spokesman for the network told Forbes, according to the report. "Additionally, we are engaging directly with law enforcement involved with the WannaCry case and will assist them with any needs they may request to apprehend the perpetrators," the spokesman said.

The WannaCry criminals are believed to have received over $140,000 in Bitcoin ransom payments, but the funds are under such scrutiny that the they may never be able to convert them into any conventional currencies without giving away their identities. Many victims of the ransomware made payments of up to $600 to recover their data which had been encrypted by the malware.

Image: © iStock.


Add comment

Comments

Leave a comment