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Ransomware Attack
Former Obama Cybersecurity Specialist: Banning Bitcoin to Combat Ransomware Is 'Foolish'
Michael Daniel, the former Special Assistant to President Obama and current Cyber Threat Alliance CEO, discusses bitcoin and cybersecurity concerns in light of burgeoning ransomware attacks on food and oil companies. The former NSC Staff cybersecurity coordinator says banning bitcoin to combat ransomware is "foolish."
Colonial Pipeline CEO Testifies in Front of Senate Homeland Security Committee on Ransomware Hack
Joseph Blount, the CEO of Colonial Pipeline, is testifying before Congress Tuesday over his company’s decision to pay an estimated $5 million in bitcoin to the ransomware hackers.
How Did Federal Officials Recover $2.3M in Bitcoin Paid to Colonial Pipeline Hackers?
Department of Justice and FBI officials say they recovered $2.3 million in bitcoin (BTC) Colonial Pipeline paid to a criminal outfit during a ransomware attack. Nikhilesh De, CoinDesk's Global Policy and Regulation Managing Editor, is looking into how the funds were recovered.
Capitol Hill Hearings in June: Central Bank Digital Currencies (CBDCs), Ransomware Attacks and More
CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De on what to expect from the upcoming house financial services committee hearings this month.
DOJ Charges Latvian National for Role in 'Trickbot' Ransomware Scam
The "Trickbot Group" told victims they would need to purchase special software through a bitcoin address to decrypt their files.
Is Banning Bitcoin the Solution to Ransomware Attacks?
After the Colonial Pipeline ransomware attack, some on Capitol Hill are wondering whether restrictions – or even an outright ban – on bitcoin are a solution for the growing problem of ransomware attacks. CoinDesk's Nik De weighs in.
Elliptic: ‘Far Less Than 1%’ of All Bitcoin Transactions Are Criminal
Dr. Tom Robinson, Elliptic’s co-founder and chief scientist, explains why Elliptic is keeping the information about their discovery of the wallet used by Colonial Pipeline ransomware hackers private. Plus, his thoughts on blockchain analytics and the proportion of criminal transactions on the blockchain.
Banning Crypto to Stop Hackers Is Like Banning Cheese to Stop Mice
A Wall Street Journal op-ed argues banning crypto can stop ransomware attacks, like the one on the Colonial Pipeline. The notion is ridiculous, says our columnist.
