WannaCry On the Move? Bitcoin Crime Evolves in a Multi-Blockchain World

WannaCry On the Move? Bitcoin Crime Evolves in a Multi-Blockchain World

admin Monero, Ransomware, WannaCry 0 Comments

First, there was the theft – then the coins stood still. For the past 10 weeks, three bitcoin address containing more than $140,000-worth of the cryptocurrency has been given more scrutiny than possibly any others on the blockchain. Now held by the hacker or hackers behind the WannaCry ransomware attack, the funds were sent by victims from more than 150 countries in an attempt to unlock their computers from the malicious encryption software. But last week, something stirred – and increments of $20,000-worth of bitcoin began moving into seven new addresses. Slowly, the three addresses that had held the attention of the world began to empty. The question was, where were the coins headed? That the subject would gain such attention perhaps isn’t surprising. At the time of the incident in May, WannaCry attracted global headlines, and bitcoin got a share of the blame. As bitcoin’s value grew over the course of the year, and as it attracted a new class of investors, the incident emerged as a black mark – the latest reminder of how the technology can be used to nefarious ends. “There’s an implication that [blockchains] are well-suited for criminal activity,” said Andrew Poelstra, a mathematician at Blockstream. “Because blockchains make it cheaper to …