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© 2020 Relevant Protocols Inc.
A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
53339 Members
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© 2020 Relevant Protocols Inc.
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>"A ransomware expert explains how the U.S. likely seized most of the Bitcoin from the Colonial Pipeline attack." "In a typical ransomware attack, the victims can't recover the Bitcoin because the perpetrators and their wallet are located overseas. Sure, it's possible to trace the payments on the public blockchain. But the crooks usually whisk the Bitcoins into so-called mixers—services that blend the Bitcoins with other funds' or convert them into other cryptocurrencies—and disperse them into other wallets, making the funds all but impossible to seize. So what happened with the Colonial Pipeline ransom? "
>"A ransomware expert explains how the U.S. likely seized most of the Bitcoin from the Colonial Pipeline attack." "In a typical ransomware attack, the victims can't recover the Bitcoin because the perpetrators and their wallet are located overseas. Sure, it's possible to trace the payments on the public blockchain. But the crooks usually whisk the Bitcoins into so-called mixers—services that blend the Bitcoins with other funds' or convert them into other cryptocurrencies—and disperse them into other wallets, making the funds all but impossible to seize. So what happened with the Colonial Pipeline ransom? "
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