Ransomware has been a plague for quite some time now, yet hardly any culprits seem to be apprehended by law enforcement these days. Chainalysis, a company, specializing in tracking Bitcoin transactions, recently stated how more ransomware-related arrests would be coming soon. Hackers are prone to making mistakes which will eventually come to bite them in the rear.
The Golden Days of Bitcoin Ransomware Come To An End
Over the past year and a half, the number of ransomware attacks has increased exponentially. Cyber criminals demand Bitcoin payments in the hopes of people never tracing the money to its recipient. Chainalysis, a startup focusing on tracking Bitcoin payments, has been working closely together with law enforcement agencies.
According to a Chainalysis spokesperson, the fruits of this labour will start paying off soon. Investigations are coming to a close, and the time for arresting people is drawing closer. No specifics were revealed at this time. We do know the company is working together with law enforcement in Europe, Asia, and the US.
In fact, Chainalysis claims several arrests have already taken place thanks to their involvement. The DD4BC extortion group was brought to its knees