Ransomware Group That Utilized Bitcoin For Nefarious Purpose

The wallet used by the DarkSide ransomware group to receive bitcoin (BTC, +0.41%) ransom repayments is identified, in accordance with data analysis company Elliptic, citing intelligence collection and analysis of blockchain transactions.

The wallet received the 75 BTC payment reportedly produced by Colonial Pipeline on May 8, following the cyberattack that led to fuel that is widespread in the U.S., Elliptic stated in its report.

The wallet is active since very early March and it has received 57 payments from 21 wallets being various including some matching ransoms known to own been paid towards the group in other cases of blackmail, the firm stated.

Since becoming active, the wallet has received deals being bitcoin $17.5 million, Elliptic said.
Elliptic additionally said it's been in a position to gain intel on how DarkSide laundered attacks being prior potentially permitting authorities to discover the folks in it.

Previously Friday, KrebsOnSecurity and others stated that the DarkSide group has decided to shut itself down after its servers which are own seized and somebody drained crypto from a merchant account of the team.