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Wednesday

23 June 2021

Bitcoin Tumbles 9% on Fears that US Law Enforcement “Hacked” the Network

Bitcoin Tumbles 9% on Fears that US Law Enforcement “Hacked” the Network


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Shortly after the attack, the company reportedly paid the 75 Bitcoin ransom, roughly $4.4 million at that time. .

Instead, anaffidavitfrom the Federal Bureau of Investigation (FBI) suggests that authorities were able to trace the ransomed Bitcoin using a block explorer to a specific address containing 63.7 Bitcoin. 

Users need both the private and the public keys for a Bitcoin address to access the funds

It is far more likely that authorities could either match the address in question with a specific identity, or the address was linked to a U.S.-based crypto service, such as an exchange or other custodian. 

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