Hackers Donate Bitcoin From Ransomware Attacks to Charities

Hackers Donate Bitcoin From Ransomware Attacks to Charities
фото показано с : news.bitcoin.com

2020-10-21 12:15

A group of hackers has donated some of the bitcoin it extorted via ransomware attacks to charities, claiming that it wants to “make the world a better place.” However, the law says donations from ill-gotten gains must be rejected but charities have no way of returning donated bitcoin to the hackers.

Hackers Donate Bitcoin to Charities

A group of hackers known as “Darkside” has surprised the world by donating a portion of the proceeds from ransomware attacks to two charities, the BBC reported Monday, adding that the group is relatively new on the scene. Darkside hackers claim to have extorted cryptocurrencies worth millions of dollars from companies.

Claiming that they now want to “make the world a better place,” the group donated 0.88 BTC, worth about $10,000, from their ransomware proceeds to two charities: The Water Project and Children International. The Water Project works to improve access to clean water in sub-Saharan Africa while Children International fights poverty and helps children in need.

The Darkside hacker gang posted the tax receipts for its 0.88 BTC donations in a blog post on the dark web on Oct. 13. The hackers claim that they only attack large, profitable companies with ransomware and would not attack hospitals, schools, governments, or charities.

Experts question the hackers’ motive. “What the criminals hope to achieve by making these donations is not at all clear,” said Brett Callow, a threat analyst at cyber-security company Emsisoft. “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.” He elaborated:

Whatever their motivations, it’s certainly a very unusual step and is, as far as I know, the first time a ransomware group has donated a portion of their profits to charity.

However, when the donation comes from crime proceeds, the law says it must be rejected. Both charities have said that they will not accept the BTC donations, but the problem is that they have no way of returning them. The hackers used a U.S.-based service called The Giving Block, which is used by 67 different non-profits worldwide, to make the donations. The company says that the money was sent through a mixer.

Philip Gradwell, Chief Economist at blockchain data analytics firm Chainalysis, commented: “If you walked into a charity shop with an anonymous mask on and donated £10,000 in cash, then asked for a taxable receipt, questions should probably be asked – and it’s no different.”

What do you think about hackers donating bitcoin to charities? Let us know in the comments section below.

The post Hackers Donate Bitcoin From Ransomware Attacks to Charities appeared first on Bitcoin News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 64865.12 (+1.05%)
Объем 24H $31.436b
Изменеия 24h: 4.83 %, 7d: 4.49 %
Cегодня L: $61392.69 - H: $64865.12
Капитализация $1277.543b Rank 1
Цена в час новости $ 12467.84 (420.26%)

charities bitcoin hackers donated attacks ransomware gains

charities bitcoin → Результатов: 28


Bitcoin's volatility not stopping charities from boarding the crypto-donations hype train

What makes Bitcoin, "BITCOIN?" From eye-catching rallies to deep dives, from the infamous Silk Road debacle to mainstream recognition, Bitcoin has been through it all. In fact, what's attractive aboutThe post Bitcoin's volatility not stopping charities from boarding the crypto-donations hype train appeared first on AMBCrypto.

2020-1-6 17:28


Фото:

There’s now a cryptoart lottery using Bitcoin blockchain to pick a winner — and it’s brilliant

We’ve heard about auctions using blockchain to record sales of expensive works of art. We’ve seen the abstract musings of the cryptoart world, too. But what about a cryptoart charity auction that’s using blockchain to pick the winner? Well, an initiative being run by a trio of firms including cryptocurrency swap exchange service ChangeAngel, crypto-clothing store CryptoBantam, and cryptoartist Trevor Jones, is doing just that.

2019-8-2 11:27


Bitcoin Cash flies high after Bitcoin’s network gets congested due to recent rally

Bitcoin Cash’s major proponent, Roger Ver, spoke about recent developments and adoption drives in the crypto-ecosystem, in a recent interview with Robert Beadles. Ver spoke about BitPay, which has been going head first into crypto-adoptions after enabling cryptocurrency payments in a myriad of sections, including, jewelry, entertainment, gaming, fashion, charities etc.

2019-7-2 21:30


Canadian-Based Clothing Charity ‘Coins 4 Clothes’ Only Uses Bitcoin Cash

A Toronto, Canada-based charity launched Coins 4 Clothes in February, accepting only Bitcoin Cash to buy clothing from wholesalers and distribute them to different charities in the city of Toronto. Not only has it donated more than 3,000 articles of clothing, it has also helped many people learn about the immense benefits of peer-to-peer electronic […]

2018-10-20 04:55


Фото:

Here’s why Cryptocurrency Donations are on the Rise

There are many large charity organizations accepting cryptocurrencies as donations despite cryptocurrencies being highly volatile. According to The Asia Times, charities are accepting cryptocurrency donations because, over the past few years, many mega-wealthy donors have opted to donate assets such as cryptocurrencies so that they can reap mostly charitable tax breaks.

2018-10-6 06:00


UTRUST and AidCoin Unite to Enhance Charitable Giving – Delivering Protected and Transparent Crypto Donations via the Blockchain

Zug, Switzerland: 25th July, 2018 – Blockchain-based payment platform, UTRUST, has today announced a technology integration with AidCoin; the ERC20 for the new era of charitable giving. The partnership will enable UTRUST users to make instant, seamless and secure donations to charities using 23 different cryptocurrencies through AIDChain, via the UTRUST interface.

2018-7-25 10:58