Sodinokibi Crypto Ransomware Switches from Bitcoin to Monero to Hide Money Trail
Cointelegraph
Published Apr 13, 2020 06:14PM ET
Updated Apr 14, 2020 10:00AM ET
A kind of ransomware — a malware that encrypts user data and asks for a ransom to restore access to it — switched from Bitcoin (BTC) to Monero (XMR) to better protect the hackers’ identities.
According to an April 11 report by cybersecurity news outlet BleepingComputer, using Monero will make it harder for law enforcement to track ransom payments to the hackers behind Sodinokibi. As the article mentions, Europol strategy analyst Jerek Jakubcek explained during a February webinar how anoncoins influence legal investigations:
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Written By: Cointelegraph
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