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Biden Administration Offers $10 Million Bounty for Helping to Trace Crypto-Paid Hackers

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Thu, 07/15/2021 - 12:56
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Yuri Molchan
U.S. presidential administration hopes that tracking crypto payments would help it arrest hackers that have been conducting ransomware attacks
Biden Administration Offers $10 Million Bounty for Helping to Trace Crypto-Paid Hackers
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According to Bloomberg, the administration of current U.S. president Joe Biden plans to start cracking down on the utilization of crypto coins in ransomware attacks by tracing payments to the hackers who are responsible for them.

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They intend to offer bounties worth $10 million for information that would lead law enforcement teams to the hackers who orchestrated and pulled off those cyberattacks.

In the article, Bloomberg referred to information obtained from anonymous sources "familiar with the matter."

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.