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International Operation Disrupts Ransomware Group Netwalker by Tracing Cryptos With the Help of Blockchain Analysis – Security Bitcoin News

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In collaboration with Bulgarian authorities, the U.S. Department of Justice (DOJ) disrupted a well-known ransomware gang’s infrastructure. Law enforcement seized their servers and traced the illicit funds with the help of blockchain forensic analytics via Chainalysis.
US Authorities Seized Over $454,000 Worth of Cryptocurrencies
Per the U.S. Department of Justice’s announcement, the coordinated action took down Netwalker, a highly active ransomware group over the last year, specifically targeting the health care sector.
The U.S. authorities also indicted a Canadian national, Sebastien Vachon-Desjardins, who allegedly obtained $27.6 million as a “Netwalker affiliate.”
The authorities seized a server that hosted their site on the dark web, where the gang redirected their victims to arrange the ransom negotiations. Moreover, the U.S. DOJ said that $454,530.19 in cryptocurrency from ransom payments were seized.
With the support of blockchain analysis, law enforcement took advantage of investigative tools of Chainalysis to trace Netwalker transactions. In fact, the blockchain firm had traced more than $46 million worth of funds in Netwalker ransoms since it first came on the scene in August 2019.
The U.S. authorities believe the ransomware gang targeted 205 victims from 27 different countries during its lifetime, including 203 in the U.S.
Speaking with news.Bitcoin.com, Brett Callow, threat analyst at malware lab Emsisoft, commented on the authorities’ action against Netwalker:
Ransomware groups have operated with almost complete impunity for a very long time, which means there’s very little deterrent. The rewards are enormous, while the risks are small. The action against Netwalker changes that. In addition to disrupting the group’s revenue stream, it also sends a clear message that cybercriminals are not beyond the reach of the law. Will that create a deterrent? No, but it’s certainly a step in the right direction.
Netwalker ransomware works with an affiliate scheme, where external people could deploy the ransomware and share revenues with the gang. Chainalysis elaborates on what the blockchain analysis unveiled about the infrastructure:
Typically, there are four roles that receive proceeds from Netwalker attacks: the likely administrator or developer (8-10%), the affiliate (76-80%), and two commissioned roles (2.5%-5% each). An affiliate, like Vachon-Desjardins, is usually responsible for obtaining access to the victim network and deploying the malware. There are also cases when one wallet gets 100% of the payment, which we believe belongs to the Netwalker administrator and indicates that he or she may also be directly involved in some of the attacks.
The analytical firm says that there were fewer than 20 unique affiliates. Some of them rarely deployed the ransomware, while others moved on to other similar ransomware strains. That’s why a tool used by the authorities named Chainalysis Reactor traced payments received by the affiliates from other variants.
To confirm the fact that some affiliates moved to other strains, Chainalysis found out that Netwalker administrator published an advertisement on darknet forums. The admin was seeking new affiliates, as vacancies “had freed up.”

Tracing Suspected Netwalker Affiliate
On how the authorities traced Vachon-Desjardins’ activities, Chainalysis explained:
Blockchain analysis revealed at least 345 addresses associated with Vachon-Desjardins going back to February 2018 with transactions continuing to the date of this writing (January 27, 2021). He allegedly received more than $14 million worth of bitcoin at the time of receipt of the funds, ultimately possessing at least $27.6 million given its rising value.
Citing government partners, Chainalysis claims Vachon-Desjardins was involved in at least 91 attacks using Netwalker ransomware since April 2020, deploying the malware as an affiliate and receiving 80% of the ransom. The analytical firm also suspects the alleged Netwalker affiliate was involved in the deployment of other ransomware strains.
What do you think about this massive operation against the Netwalker ransomware gang? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Source: https://obligationfinance.com/2021/01/29/international-operation-disrupts-ransomware-group-netwalker-by-tracing-cryptos-with-the-help-of-blockchain-analysis-security-bitcoin-news/

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Blockchain Object Storage Company Filebase Raises $2M, Aims to Incorporate Filecoin and Arweave Networks – Blockchain Bitcoin News

Filebase, a decentralized object storage company revealed the business has closed an initial seed round gathering $2 million from investors.

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Blockchain Object Storage Company Filebase Raises $2M, Aims to Incorporate Filecoin and Arweave Networks

Filebase, a blockchain-based object storage company built on top of the Sia network has revealed the business has closed an initial seed round gathering $2 million from investors. Interest in decentralized storage networks has blossomed in recent months and Filebase expects the growth of global data to surpass 175 Zettabytes by 2025. The project is currently working with three distributed storage projects and plans to expand to Arweave and Filecoin by the end of 2021.

Filebase Raises $2 Million

In the future, blockchain advocates believe that distributed ledger networks will help bolster decentralized storage rather than leveraging centralized clouds and API services used today. In 2021, there are a number of blockchain projects dedicated to data-storage solutions and a company called Filebase utilizes a number of the most-used decentralized storage systems.

Essentially, Filebase is a multi-tenant, S3-compatible API service that is built with the Sia network. However, Filebase decided to branch out and the project also supports Skynet and Storj networks as well. The project further announced this month that the team has raised $2 million in a seed round from well known blockchain investors.

The round for $2 million in funding was led by Kyle Samani of Multicoin Capital, Boris Wertz of Version One Ventures, and the founder of Messari.io Ryan Selkis. Filebase details that since the inception of the project in early 2018, the protocol has seen three network integrations and has processed 150 million objects.

“These numbers represent a growing and significant portion of the Web3 ecosystem,” the Filebase team explained. After working with the Sia network, Filebase realized the “API interface should be standardized on the S3 API, the de-facto gold standard of cloud-native object storage.”

The project team further noted:

We could do this for many networks, not just Sia.

Project’s Plans to Integrate With Filecoin and Arweave

The seed round announcement details that the team plans to use the funding to accelerate customer onboarding and hire more staff. The blog post published by Filebase also cites a study that shows in five years data storage will exceed 175 Zettabytes. Filebase believes it’s just a matter of time for when distributed ledger storage systems are adopted en-masse.

The team adds that in 2021, Filebase plans to integrate with two more popular decentralized storage projects. By the end of the year, the expansion will tether Filebase to the Filecoin and the Arweave networks.

“The Filebase platform has had the ability to scale horizontally across multiple underlying networks from an early stage,” Filebase says. “We intentionally decided to build our platform in a modular fashion, allowing us to add more networks as time went on.”

What do you think about Filebase raising $2 million and the project integrating with the Filecoin and the Arweave networks? Let us know what you think about this subject in the comments section below.

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Amazon Storage, API service, Arweave, Blockchain, Blockchain storage, Blockhain Data Storage, cloud, Decentralized Storage, Filebase, Filecoin, Object Storage, S3 API, Sia, Storj, technology

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Source: https://news.bitcoin.com/blockchain-object-storage-company-filebase-raises-2m-aims-to-incorporate-filecoin-and-arweave-networks/

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GreenBox POS to Attend the H.C. Wainwright Cryptocurrency, Blockchain, & FinTech Virtual Conference April 26-27, 2021

SAN DIEGO, CA, April 22, 2021 (GLOBE NEWSWIRE) — GreenBox POS (NASDAQ: GBOX) (“GreenBox”, the “Company”), an emerging financial technology company…

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SAN DIEGO, CA, April 22, 2021 (GLOBE NEWSWIRE) — GreenBox POS (NASDAQ: GBOX) (“GreenBox”, the “Company”), an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions is pleased to announce it will attend the H.C. Wainwright Cryptocurrency, Blockchain & FinTech Virtual Conference on April 26-27, 2021.

Chairman Ben Errez will provide an overview of the company, discuss its growth strategy and upcoming token deployment. The presentation will be available for on-demand viewing beginning at 7:00 a.m. ET on Tuesday, April 27, 2021 to registered attendees of the conference.

Mr. Errez will also be available for one-on-one meetings with investors who are registered for the conference on April 26th-27th. If you are an institutional or retail investor and would like to listen to the Company’s presentation or schedule a 1×1 meeting, please click on the following link (www.hcwevents.com/crypto ) to register for the conference.

About GreenBox POS

GreenBox POS (NASDAQ: GBOX) is an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions. The Company’s applications enable an end-to-end suite of turnkey financial products, reducing fraud and improving the efficiency of handling large-scale commercial processing volumes for its merchant clients globally. For more information, please visit the Company’s website at www.greenboxpos.com.

Forward-Looking Statements Disclaimer

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking statements include, among others, statements we make regarding guidance relating to net income; anticipated customer onboardings; and expected operating results, such as revenue growth and earnings. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set out in the Company’s SEC filings. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.

Investor Relations Contact
Mark Schwalenberg
MZ Group – MZ North America
312-261-6430
GBOX@mzgroup.us
www.mzgroup.us

Source: https://www.globenewswire.com/news-release/2021/04/22/2215590/0/en/GreenBox-POS-to-Attend-the-H-C-Wainwright-Cryptocurrency-Blockchain-FinTech-Virtual-Conference-April-26-27-2021.html

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The Money Roundup: Making Cents of Blockchain Fundraising News – Finance Bitcoin News

From crypto trading to DeFi, the most exciting areas in blockchain fintech development and innovation are attracting serious investments.

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From crypto trading to defi, the most exciting areas in blockchain fintech development and innovation are attracting serious investments from all industry corners. To introduce more tools and complementary services to the ecosystem, the recipients of these capital allocations are endeavoring to promote greater adoption by removing many existing participation obstacles and taking a more mass-market approach.

Projects Focused on Usability and User Experience Lead the Charge

Between Atani’s all-in-one trading infrastructure, Enso’s decentralized finance (defi) strategy sharing platform, Don-Key’s social yield-farming initiative, MakiSwap’s AMM for professionals, Sheesha’s Defi mutual fund, The Defiant Defi-driven informational platform, and Consensys’ sizeable cash pile, take a closer look at the impressive fundraising figures that continue to multiply as investor demand spikes.

Defi Portfolios Arrive Just in Time

As defi’s total value locked (TVL) figures continue their upward march after climbing above $50 billion, several outfits are attempting to help bridge the accessibility quandary inhibiting more widespread participation. Among them is Sheesha Finance, a UAE-based organization that has just concluded a $9.44 million capital raise through its unique liquidity generation event (LGE).

Sheesha Finance contributors will receive Liquidity Provision (LP) tokens, which can be staked for the native Sheeshatoken and grant access to valuable Defi projects without requiring direct investment, much like a mutual fund. Accordingly, investors who stake their LP tokens will automatically be eligible for pool rewards and awards in the form of Sheesha tokens while mitigating Defi portfolio risk and concurrently maximizing its potential.

The All-In-One Crypto Trading Ecosystem Closes Another Round

When it comes to resolving the crypto ecosystem’s fragmented approach to services, Atani has stood out for its comprehensive approach to trading and related activities. Fresh off a $6.25 million seed round, which brings its total capital raised to $7 million, Atani is endeavoring to build a more modern, user-friendly cryptocurrency trading platform emblematic of the all-inclusive services offered by online brokers in traditional financial markets.

Through integrations with more than 20 exchanges through API keys in its free non-custodial desktop platform, embedded tax reporting features, and tools like portfolio aggregation, advanced order types, and price alerts, Atani seeks to provide the complete suite of financial services for crypto traders. The latest fundraising will be allocated towards developing premium features like API trading that functions even when a desktop platform is offline.

Defi Traders Join Forces

Given the ever-evolving nature of defi opportunities, specifically for liquidity pooling and yield farming, Enso has set out to simplify the ecosystem for greater trader accessibility. The organization is building a destination for traders to create and find permissionless strategies, creating a capable asset management ecosystem. After raising $5 million from investors, Enso will be allocating these funds towards platform and community development, with plans to roll out the mainnet during the second quarter.

This more social approach to navigating the defi environment will help creators and followers access all manner of profitable Defi activities in a more simplified format. Traders can either invest directly in strategies or leverage the strategy creator’s token. Moreover, traders can build meta strategies, which effectively combine multiple strategies in a diversified manner.

Yield Farming Becomes More Sociable

As it seeks to replicate Etoro’s success in financial markets and cryptocurrency trading, Don-Key is developing its own social approach to yield farming. Following its successful fundraising, which saw the company attract $2.2 million from a consortium of investors, Don-Key intends to break down barriers for yield farmers seeking capital and liquidity providers hunting for opportunities.

The main problem the organization attempts to address is the current degree of stratification that accompanies yield farming. This copy-trading approach will significantly lower entry barriers between the risks, the high capital requirements, and the accompanying skillset needed to maneuver in this tricky area. Additionally, it intends to invite more participation from liquidity providers with substantially less capital while granting farmers the chance to magnify their returns.

DEX Takes the Lead in Enriching the Professional Trading Experience

Among the common complaints centered on the blockchain trading ecosystem, the high degree of fragmentation and absence of more sophisticated tools that professionals are accustomed to employing top the list. To address the latter half of the equation, Huobi Eco Chain’s biggest decentralized exchange (DEX), Makiswap, is expanding its feature set to address professional needs like analytics, advanced order types, and more sophisticated charting.

After concluding a $1.4 million funding round from a group of investors, Makiswap intends to bring more feature-rich functionality to its already popular ecosystem. It is also pursuing greater yield-farming engagement by incentivizing greater adoption amongst its large user community in the Asia-pacific region.

Defi Data and Information Collection Efforts Expand

Just like Bloomberg became the preeminent data provider of the traditional financial services industry, The Defiant is busily positioning itself as the must-have defi informational resource. What started as an industry newsletter in 2019 has quickly snowballed into a defi multimedia powerhouse that is bent on delivering quality, reputable, objective, independent reporting for borrowers, lenders, traders, liquidity providers, and yield farmers.

The $1.4 million pre-seed round raised from a group of investors will ensure that The Defiant can build a comprehensive informational portal that brings trusted data, analysis, and research to defi participants. Funds will be used to construct an accessible data platform and a web3-native media outlet focused on quality content. Together, these efforts will help newcomers gain valuable perspective on the ecosystem while experienced professionals apply its expert-level information and analysis.

Financial Giants Grow Their Exposure to Blockchain’s Prospects

As greater institutional adoption of blockchain takes hold, more traditional financial firms are seeing the writing on the wall and taking note. Big names including JP Morgan, UBS, and Mastercard are voting with their feet following a $65 million investment in Consensys, a blockchain infrastructure development firm.

Consensys, run by Ethereum Co-Founder Joseph Lubin, works to build cryptocurrency’s financial infrastructure through its software development arm. Now, with defi protocols ranking amongst Ethereum’s hottest applications, Consensys is promoting a swift merger of decentralized finance with Web3 applications in an enterprise-grade format. Taken together, this activity fits perfectly with the overall mission of accelerating consumer and enterprise blockchain adoption.

Do you think all this money pouring into crypto trading will lure in the general public? Let us know in the comments section below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Source: https://news.bitcoin.com/the-money-roundup-making-cents-of-blockchain-fundraising-news/

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