Advertisement
AD

Main navigation

No, FBI Did Not “Hack” Bitcoin, Blockstream CEO Provides Details

Advertisement
Tue, 8/06/2021 - 9:32
No, FBI Did Not “Hack” Bitcoin, Blockstream CEO Provides Details
Cover image via stock.adobe.com
Read U.TODAY on
Google News

The chief executive officer of Blockstream, Adam Back, has taken to Twitter to dispel the news that the FBI and the U.S. Department of Justice were able to hack the Bitcoin wallet of the DarkSide hacking group to recover $2.3 million worth of Bitcoin out of the $4.3 million paid to the ransomware hackers.

Advertisement

He insists that the agencies recovered the money without hacking the wallet since it is not possible.

No bitcoin wallet was hacked, nor is even known to be possible.

Back shared that the hackers had rented a cloud server to hold the BTC they had received as ransom after the attack on the Colonial Pipeline (a key East Coast pipeline) that took place in May.

The FBI and DoJ took control of the server and seized the coins.

Ransom hackers used a rented cloud server. FBI got a subpoena and took control of it and recovered coins. That's it.

Adam Back also shared the technical details of this.

7999_0
Image via Twitter

Related
U.S. Partially Recovers Multi-Million Dollar Cryptocurrency Ransom Paid to Colonial Pipeline Hackers

The news triggered another Bitcoin price fall, pushing it down to the $32,000 area: the third-lowest level in the past month.

At press time, the flagship digital currency is striving to recover the losses, trading at $32,911, as per data provided by CoinMarketCap.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles