Cencora
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Cencora Pays $75 Million Bitcoin Ransom: A Dark Reality for Crypto
$BTC $ETH $BNB
Cencora, a leading pharmaceutical company, was hit by a ransomware attack and reportedly paid a staggering $75 million in Bitcoin to recover their systems. According to Bloomberg, this is one of the most significant ransomware payments in history. The attack highlights the increasing use of cryptocurrency in cybercrimes, raising concerns about its security and regulation. As Bitcoin continues to gain popularity, its anonymity and decentralized nature are being exploited by criminals, putting industries at high risk.
#Cencora #BTCâ #ETHđ„đ„đ„đ„
Whatâs Next for Crypto Security?
With ransomware attacks on the rise, this case sparks debates about stricter regulations for Bitcoin transactions, especially in cases of criminal activity. Cybersecurity experts are calling for more robust protocols and industry-wide cooperation to prevent such incidents.
$BTC $ETH $BNB
Cencora, a leading pharmaceutical company, was hit by a ransomware attack and reportedly paid a staggering $75 million in Bitcoin to recover their systems. According to Bloomberg, this is one of the most significant ransomware payments in history. The attack highlights the increasing use of cryptocurrency in cybercrimes, raising concerns about its security and regulation. As Bitcoin continues to gain popularity, its anonymity and decentralized nature are being exploited by criminals, putting industries at high risk.
#Cencora #BTCâ #ETHđ„đ„đ„đ„
Whatâs Next for Crypto Security?
With ransomware attacks on the rise, this case sparks debates about stricter regulations for Bitcoin transactions, especially in cases of criminal activity. Cybersecurity experts are calling for more robust protocols and industry-wide cooperation to prevent such incidents.
The #cyberattack against #Cencora , where the hackers received $75 million in extortion payments, was notable for being executed through #Bitcoin ($BTC ) transactions across three installments in March 2024. The payment breakdown is as follows:
1. March 7, 2024 (296.5 #BTC )
- Transaction hash: `e3e203db2752edeb5bb716a77ed30f977bee70b06cefecd69d1c38921ad5d1b2`
- Time: 10:04 pm UTC
2. March 8, 2024 (408 BTC)
- Transaction hash: `db4a0742aa2fe67c20f02642bb776fb4140cf32beca43b7552435f5eddb58d92`
- Time: 7:45 pm UTC
3. March 8, 2024 (387 BTC)
- Transaction hash: `bf408baa4d6598a42a6852012fe412514ff7bb70ca8a94deb9865c9b46f19ddf`
- Time: 9:39 pm UTC
All three transactions were funded from the same source, and the funds flowed into addresses with known exposure to illicit activity, indicating the payments were likely part of a ransomware settlement. To trace these payments on-chain, one would need to analyze blockchain data for the given transaction hashes and look for any connections to wallets flagged for illegal activities.
It appears the attackers had sophisticated methods for moving funds across the blockchain, possibly utilizing coin-mixing services or #darknet wallets to obscure the transaction trail. Reknown crypto investigator @ZachXBT shared the details after a Bloomberg article about the hack as posted.
1. March 7, 2024 (296.5 #BTC )
- Transaction hash: `e3e203db2752edeb5bb716a77ed30f977bee70b06cefecd69d1c38921ad5d1b2`
- Time: 10:04 pm UTC
2. March 8, 2024 (408 BTC)
- Transaction hash: `db4a0742aa2fe67c20f02642bb776fb4140cf32beca43b7552435f5eddb58d92`
- Time: 7:45 pm UTC
3. March 8, 2024 (387 BTC)
- Transaction hash: `bf408baa4d6598a42a6852012fe412514ff7bb70ca8a94deb9865c9b46f19ddf`
- Time: 9:39 pm UTC
All three transactions were funded from the same source, and the funds flowed into addresses with known exposure to illicit activity, indicating the payments were likely part of a ransomware settlement. To trace these payments on-chain, one would need to analyze blockchain data for the given transaction hashes and look for any connections to wallets flagged for illegal activities.
It appears the attackers had sophisticated methods for moving funds across the blockchain, possibly utilizing coin-mixing services or #darknet wallets to obscure the transaction trail. Reknown crypto investigator @ZachXBT shared the details after a Bloomberg article about the hack as posted.
