Report suggests $1 million of ransomed Bitcoin was cashed out on Binance

Cointelegraph

Published Aug 24, 2020 08:02AM ET

Updated Aug 24, 2020 09:40AM ET

Researchers have uncovered evidence that over $1 million worth of Bitcoin (BTC) from addresses linked to Ryuk ransomware attacks was moved through a wallet on Binance.

According to a report by Forbes on Aug. 23 the researchers took a sample of 63 transactions, representing $5.7 million of the over $61 million estimated by the FBI to have been stolen using the Ryuk ransomware.

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