The DarkSide hacker group received $90 million worth of bitcoins from the victim before disappearing

DarkSide, the hacker organization behind the Colonial Pipeline’s network crash, received $90 million worth of bitcoins from victims before shutting down its operations last week.
DarkSide is a famous hacker organization that caused the collapse of the largest fuel pipeline system in the US operated by Colonila Pipeline company. After this incident, they disappeared, but before that they were able to extort and receive from many victims $ 90 million worth of bitcoins.

This hacker organization has received ransom from many victims. This shows that data ransom attacks have become a lucrative business for cybercriminals. Bitcoin is increasingly preferred by criminal organizations Earlier this month, Colonial Pipeline suffered a severe attack that forced the company to shut down nearly all of its fuel system supplying the southeastern states of the United States. The FBI confirmed the crime was DarkSide, a cybercrime organization believed to be located in Eastern Europe. Last week, it was reported that Colonial had agreed to pay $ 5 million to DarkSide (in bitcoin) for the data recovery password. Recently, the CEO of the company confirmed this information. DarkSide operates like a business. This group develops malicious code to crack and steal the target’s data, then trains partners, the partners continue to train the hackers. When hackers use this malicious code to carry out successful missions, DarkSide will receive a percentage of those successful attacks. In March 2021, when it announced a new software that can crack data faster than before, DarkSide even released a press release and invited reporters to interview. Hackers often demand ransom in virtual currency. London-based blockchain analytics firm Elliptic has identified a bitcoin wallet that DarkSide uses to receive ransoms from victims. On May 14, London-based blockchain analytics firm Elliptic said it had identified a bitcoin wallet used by DarkSide to collect ransoms from victims. That same day, Intel 471 security researchers said DarkSide closed after losing access to its servers and when the organization’s virtual currency wallets were empty. According to Elliptic, DarkSide and other affiliates of this organization have collected at least $90 million in bitcoin ransoms, and they receive funds through 47 different digital wallets. “To our knowledge, this analysis includes all payments to DarkSide,” said Tom Robinson, Elliptic co-founder and chief scientist. However, there may be other undetected transactions, so this $90 million figure should be considered the lowest limit.” Also according to Elliptic’s research, DarkSide’s bitcoin wallet was holding $5.3 million in cryptocurrency before it was all withdrawn last week. There are some rumors that these bitcoins have been seized by the US government. Of the $90 million ransom, $15.5 million went to the developers of DarkSide and $74.7 million to affiliates. Much of that is being sent to cryptocurrency exchanges and thereby converted into fiat. Bitcoin is increasingly preferred by criminal organizations as crypto traders do not reveal their identities. However, because the digital ledger that underpins bitcoin is public, researchers can keep track of where these funds are going.