60K BTC wallets of the LockBit gang have been leaked.

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Hackers “taste the bitterness” from LockBit

Message from Prague: “Don’t commit crimes. CRIME IS BAD.” LockBit, the notorious ransomware group, has just been attacked by those they typically target. Over 60,000 Bitcoin wallet addresses related to LockBit’s operations have been leaked online. How serious is this incident?

Hackers defeat hackers

The attacker has infiltrated the dark web control panel of LockBit and publicly disclosed the entire MySQL database. Inside it contains thousands of ransomware builds, private negotiation conversations, and cryptocurrency wallet addresses that were previously used. Although a LockBit member claimed that no private keys were exposed, analysts remain suspicious. The leaked wallet addresses match known activities of the group.

Wallet leaks and the journey of decryption

LockBit assigns a unique Bitcoin address to each victim, making it difficult to trace payments. However, with 60,000 addresses made public, this is a rare opportunity for investigators to connect the dots. Although no private keys have been leaked, wallet information can reveal much financial activity in the past. Justice has spoken!

Cryptocurrency crime is heating up

The situation is even more concerning. Just last month, CertiK reported 364 million USD lost due to cryptocurrency hacks, scams, and exploits – a leap from 28.8 million USD in March. April has also been flagged as one of the worst months for security breaches. And then there’s North Korea. According to Chainalysis, state-sponsored hackers have stolen over 1.3 billion USD in cryptocurrency in 2024.

Awakening call for the government

The U.S. Department of the Treasury is intervening. Soon, they will hold private roundtables with top cryptocurrency players, focusing on DeFi, cybersecurity, and banking. These important discussions could shape the next stage of cryptocurrency regulation in the U.S.

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