Mystery ‘Robin Hood’ Hackers Are Giving Away Stolen Bitcoin

Mystery ‘Robin Hood’ Hackers Are Giving Away Stolen Bitcoin

bitcoin, cybercrime, hackers, cryptocurrency, image

A hacking group going by the name Darkside has reportedly tried to donate around $20,000 in stolen bitcoin to charity.

The gang posted receipts for two $10,000 bitcoin donations to The Water Project and Children International on a dark web blog post, the BBC reported along with screenshots of the transactions.

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Hackers claim to have extorted millions of dollars in bitcoin and other cryptocurrencies from … [+] companies.

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Bitcoin and cryptocurrencies are often used by cyber criminals to extort victims thanks to their semi-anonymous nature. Ransomware attacks, where victims’ files are encrypted and only unlocked if bitcoin or other cryptocurrencies are paid to hackers, have become a common tool of cyber criminals in recent years.

Darkside hackers, who formed their seemingly sophisticated ransomware operation over the summer, say they want to “make the world a better place” after claiming to have extorted millions of dollars from companies.

“We think that it’s fair that some of the money the companies have paid will go to charity,” an October 13 blog post read, according to the BBC. “No matter how bad you think our work is, we are pleased to know that we helped changed someone’s life.”

Children International, speaking to the BBC, said it will not be keeping the money.

“If the donation is linked to a hacker, we have no intention of keeping it,” a Children International spokesperson said.

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bitcoin, cryptocurrency, hackers, cybercrime, image

Bitcoin worth around $10,000 was sent to the charity Children International by the hacker group.

BBC

The donations were made via bitcoin and cryptocurrency donation platform The Giving Block, which it shared in a now deleted tweet.

The give-away has baffled analysts who have struggled to understand the motivation behind the donations.

“What the criminals hope to achieve by making these donations is not at all clear,” Brett Callow, Threat Analyst at cyber-security company Emsisoft, told the BBC. “Perhaps it helps assuage their guilt? Or perhaps for egotistical reasons they want to be perceived as Robin Hood-like characters rather than conscienceless extortionists.”

It’s not the first time computer hackers have tried to put their illicit gains toward a good cause, however.

In 2016, an anonymous hacker going by the pseudonym Phineas Fisher reportedly donated 25 bitcoin, worth around $11,000 at the time and apparently stolen from a bank, to Kurdish anti-capitalists in Syria who were at the time fighting the Islamic State militant group ISIS.

Source: sharecaster.com

Author: By Billy Bambrough


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Latest Coronavirus For Florida As Of Tuesday, October 20, 2020

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Kraken Daily Market Report for October 20 2020

Kraken Daily Market Report for October 20 2020

August was a bullish month for altcoin traders as they ranked in profits, forcing Bitcoin dominance to drop below 60% for the first time since the start of the year. However, the altcoin euphoria was shortlived as September brought along the bears.

The end of Q3 wasn’t great for Bitcoin traders, but that was expected as September is usually not a profitable month for Bitcoin. In fact, data shows that Bitcoin has lost more in September than in any other month.

As expected, the Bitcoin effect was seen across boards in the market. Altcoins suffered the most, shredding almost all of the profits accumulated in the previous month.

Bitcoin is pushing hard towards the $12k mark. It traded as high as $11,942 for the first time since mid-August.

Analysts believe the trend is the start of a new bull cycle for the leading cryptocurrency considering the coin shielded itself and recovered quickly from the recent negative news, including BitMEX’s charges and OKEx’s withdrawal saga.

Although October has been impressive for Bitcoin, and the coin has since recovered from the bearish move in September, altcoins continue to live in the terrible nightmare from the past month.

Bitcoin dominance started rising in mid-September after it went as low as 55%. At the time of writing, the cryptocurrency maintains a 60.3% dominance of the entire crypto market while the altcoins struggle with 39.7%.

Even Ether (ETH), the second-largest cryptocurrency, was not spared. In August, the coin traded near the $500 mark, reaching $485 for the first time in two years. In the last two months, Ether lost over 20% of its value, and market dominance dropped from above 15% to 11%.

Now, ETH is exchanging hands at $369 with a 2% loss on the daily chart. However, speculation in the market is that the upcoming ETH 2.0 Phase 0 could provide the needed boost for Ether bulls.

Looking at the top 100, a handful of altcoins have shredded at least 15% of their value on today’s trading session. Some of the most significant losers include Uniswap (-17%), Crypto.com (-25%), Balancer (-19%). Meanwhile, Flexacoin saw a big boost with over 258.11% gains in the last 24 hours.

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Source: news.coingenius.ai

Author: Published 1 hour ago on October 21, 2020

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Mystery ‘Robin Hood’ Hackers Are Giving Away Stolen Bitcoin


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