Darkside is an insidious group.
They recently made headlines when they were able to successfully ransom $5 million from Colonial Pipeline in their latest high profile ransomware attack.
Reports are claiming that this same group has stolen roughly $90 million in Bitcoin through the same types of ransomware attacks.
The group reportedly went offline and lost control of its servers directly following the successful ransom of Colonial, according to a variety of outlets.
It still remains to be seen what will become of Darkside, or if the feds will ever catch up to them.
Here is what people are saying:
According to @elliptic #DarkSide #Ransomware, which was instrumental in hacking @Colpipe, has Netted Over $90 million in #Bitcoin @dynamicCISO #GirlsWhoCode #Malware #CyberAttack #CyberSecurity #InfoSec pic.twitter.com/pKGsfBdjFe
— Rahul Neel Mani (@rneelmani) May 18, 2021
90 millions is for all hack
In a blog post Tuesday, Elliptic said DarkSide and its affiliates bagged at least $90 million in bitcoin ransom payments over the past nine months from 47 victims. The average payment from organizations was likely $1.9 million, Elliptic said.
— Big Fred (@bkkfred) May 18, 2021
Decrypt gave us a glimpse into the BTC ransom:
That may have been a drop in the bucket in DarkSide’s ransomware haul to date, however. Blockchain analytics firm Elliptic issued a report today that claims that DarkSide-affiliated Bitcoin wallets have received more than $90 million worth of total ransom payments to date.
Following a report from DarkTracer that claims that 99 organizations have been infected with DarkSide’s ransomware, Elliptic found that 47 payments—each from a distinct wallet—had been made to DarkSide’s Bitcoin wallets. In total, just over $90 million worth of Bitcoin was paid in, and the firm suggests that “further transactions may yet be uncovered, and the figures here should be considered a lower bound.”
DarkSide’s RaaS model sees the group provide the software for ransomware attacks to so-called “affiliates,” who target high-value companies and attempt to infect and lock down their computer networks and/or steal sensitive data. If a ransom payment is successfully negotiated and secured by the affiliate, then that amount is split between the partners.
Extortion is embedded in politics and Eletists endorse it.
DarkSide, the hacker group behind the Colonial Pipeline attack, received $90 million in bitcoin over the last 9 months, according to the London-based blockchain analysts at Elliptic.
— Mark Nantz (@BullseyeBanjo) May 19, 2021
This crime is too profitable – target the money.
After just 9 months, Darkside ransomware gang brings in $90 million in Bitcoin
The cryptocurrency was sourced from 47 different wallets, according to research from Elliptic.https://t.co/FQQFl9fvzD
— RR Seattle (@RRalstonAgile) May 19, 2021
“To our knowledge, this analysis includes all payments made to DarkSide, however further transactions may yet be uncovered, and the figures here should be considered a lower bound,” said Tom Robinson Elliptic’s co-founder and chief scientist.
Elliptic said that DarkSide’s bitcoin wallet contained $5.3 million worth of the digital currency before its funds were drained last week. There was some speculation that this bitcoin had been seized by the U.S. government.
Of the $90 million total haul, $15.5 million went to DarkSide’s developer while $74.7 million went to its affiliates, according to Elliptic. The majority of the funds are being sent to crypto exchanges, where they can be converted into fiat money, Elliptic said.
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