Biden Administration Expected to Sanction Exchanges That Facilitate Ransomware Payments
$3m is stolen from SushiSwap, $12m stolen from pNetwork, OMIGOD attacks appear in the wild after PoC, Epik cops to major hack, Man found guilty of launching more than 200K DDoS attacks, much more
As part of the broader initiative by the Biden administration to clamp down on ransomware attacks, the Treasury Department is preparing to sanction financial exchanges that facilitate delivery of illicit digital payments to hackers, officials say.
The sanctions could begin as early as this week. “There is a concerted effort to identify tools that can disrupt the flow of money to ransomware operators,” one official said. (Ellen Nakashima / Washington Post)
Related: Cybersecurity| Reuters.com, PYMNTS.com, Wall Street Journal, Silicon UK, Engadget, Slashdot, Business Insider, The Verge, DataBreaches.net, Windows Central, Slashdot, CNN
SushiSwap, a community-driven decentralized finance (DeFi) platform that lets users swap, earn, lend, borrow, and leverage cryptocurrency assets, said that its newest offering, Minimal Initial SushiSwap Offering (MISO), was hit by a software supply chain attack, allowing the attacker to steal around $3 million in cryptocurrency.
The company CEO Joseph DeLong sa…
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