This Is What Britons Think About "Robin Hood" Hackers Donating Bitcoin to Charities

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Thu, 10/22/2020 - 17:54
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Alex Dovbnya
Most Britons think charities should keep their ill-gotten crypto
This Is What Britons Think About "Robin Hood" Hackers Donating Bitcoin to Charities
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A new poll conducted by UK-based data analytics firm YouGov shows that the majority of Britons believe that charities should keep cryptocurrencies donations from hackers.     

YouGov
Image by yougov.co.uk

Only 21 percent of those surveyed think that they should do away with the tainted money.        

Unwanted donations

Earlier this week, two non-profit charitable organizations, Children International and The Water Project, found themselves in quite a predicament after receiving 0.8 BTC (roughly $10,000 back then) each from upstart cybercriminal group called Darkside. 

These crypto donations were concerned into fiat by non-profit charity service The Giving Block. 

Charities
Image by bbc.com

Children International refused to keep the ill-gotten funds:  

“If the donation is linked to a hacker, we have no intention of keeping it.”

The motivation behind the philanthropic effort baffled cybersecurity experts who had never dealt with such incidents before. Emsisoft’s Brett Callow told BBC that the hackers could be attempting to assuage their guilt or boost their egos:  

“What the criminals hope to achieve by making these donations is not at all clear. Perhaps it helps assuage their guilt? Or perhaps for egotistical reasons they want to be perceived as Robin Hood-like characters rather than conscienceless extortionists.”  

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A drop in the bucket 

DarkSide earns big bucks by launching ransomware attacks at companies after stealing their unencrypted data.

The bad actors behind the notorious operation are very selective about who they target since they have to make sure a ransom will end up getting paid. They even go as far as analyzing accounting records. 

Calling DarkSide “modern-day Robin Hoods” might be a bit of a stretch since they’ve actually donated only a minuscule portion of their profits. One of DarkSide’s victims reportedly had to fork out an eye-popping $1 mln to decrypt its files. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.