News & Analysis as of

Cyber Attacks Bitcoin Digital Wallets

Holland & Knight LLP

Sophisticated Crypto Theft Targeting High-Net-Worth Individuals

Holland & Knight LLP on

A recent court case has unveiled a new level of sophistication in attacks targeting high-net-worth cryptocurrency holders. In a meticulously orchestrated scheme, hackers managed to steal more than $40 million in bitcoin from...more

The Volkov Law Group

The Justice Department Strikes Back and Recovers Ransom Paid by Colonial Pipeline

The Volkov Law Group on

You just can’t make this stuff up – the Justice Department, displaying its growing sophistication of the cyber world, announced it recovered most of the ransom paid to criminal hackers of Colonial Pipeline Co. (Colonial)....more

Robinson+Cole Data Privacy + Security Insider

DOJ Grabs Colonial Pipeline Crypto Wallet from DarkSide

In an unusual and exciting twist to the Colonial Pipeline ransomware attack, the Department of Justice (DOJ) announced this week that it was able to retrieve $2.3 million of the $4.4 million paid by Colonial Pipeline to...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - February 2020 #2

Robinson & Cole LLP on

Ransomware Attacks Predicted to Occur Every 11 Seconds in 2021 with a Cost of $20 Billion - Confirming what we are seeing in the field, cybersecurity firm Cybersecurity Ventures has predicted that, globally, businesses in...more

Bilzin Sumberg

Jurisdictional Lessons from Mt. Gox Cryptocurrency Litigation

Bilzin Sumberg on

Last week, on the heels of a significant decline in Bitcoin prices, Forbes reported that China’s Central Bank is set to launch the world’s first state-backed cryptocurrency. The cryptocurrency will be made available initially...more

Akin Gump Strauss Hauer & Feld LLP

OFAC Adds Iranian Bitcoin Exchangers’ Names and Wallet Addresses to SDN List, Ushers in “New Approach” to Sanctions Enforcement

• On November 28, 2018, OFAC designated two Iran-based individuals who helped exchange cryptocurrency (bitcoin) into fiat currency on behalf of alleged ransomware perpetrators who targeted U.S. businesses and municipal...more

Robinson+Cole Data Privacy + Security Insider

Hack of Electrum Wallets Reaps over 200 Bitcoin (around $750,000)

A scary scheme by hackers recently successfully lifted Bitcoin from Electrum wallet owners to the tune of approximately $750,000....more

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