FBI seized roughly $2.3 million in cryptocurrency tied to ransomware attacks

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US law enforcement officials in August seized roughly $2.3 million in cryptocurrency tied to ransomware attacks committed by a Russian resident, according to a court document unsealed Tuesday.

Aleksandr Sikerin, whose last known address was in St. Petersburg, Russia, is affiliated with a notorious ransomware gang known as REvil that has cost US businesses millions of dollars, the Justice Department alleged in a complaint filed in the Northern District of Texas Dallas Division.

The seizure is part of an ongoing US law enforcement effort to stymie the sources of funding for Russian and Eastern European cybercriminals following a series of damaging ransomware attacks on US infrastructure. It comes as the White House continues to appeal to Russian President Vladimir Putin to take action against hackers operating from Russian soil.

The law enforcement offensive against REvil and other ransomware gangs has leaned heavily on private firms. Cybersecurity company McAfee more than two years ago identified some of the cryptocurrency accounts used by various people linked with REvil, and documented how the hackers split their ill-gotten gains.

 

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Where are they storing that? I hope they guard it well.

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