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 * FBI Seizes Cryptocurrency Worth $2.3 Million From REvil Ransomware Group
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FBI SEIZES CRYPTOCURRENCY WORTH $2.3 MILLION FROM REVIL RANSOMWARE GROUP
AFFILIATE


THE ACCUSED RUSSIAN CITIZEN AND REVIL AFFILIATE HAS BEEN LAST TRACED TO AN
ADDRESS IN ST. PETERSBURG.

By Shomik Sen Bhattacharjee | Updated: 6 December 2021 12:02 IST
Share on Facebook Tweet Snapchat Share Reddit Email Comment

Photo Credit: Pexels/ Sora Shimazaki

REvil has been operating since April 2019


Highlights
 * The confiscated crypto was linked to payments made to REvil Group
 * The attacks were executed between April 2019 to July 2021
 * REvil Group has been linked to several high-profile attacks

US law enforcement seized 39.9 Bitcoins from an Exodus wallet, worth
approximately $2.3 million (roughly Rs. 17.3 crore) from a Russian citizen
suspected of being associated with infamous hacker group REvil, known for their
ransomware attacks. The Federal Bureau of Investigation (FBI) in a complaint
unsealed last week states that the wallet contained REvil ransom payments
belonging to an affiliate identified as Aleksandr Sikerin, who has been found
employing ransomware viruses to break into databases of American infrastructure
facilities.

The complaint, first seen by Bleeping Computer, reveals that Sikerin — who is
affiliated with REvil — was responsible for the ransomware attacks that
generated about $200 million (roughly Rs. 1,504.76 crore) in payments from
victims between April 2019 and June 2021. The cryptocurrency wallet that is now
under the FBI's control is "traceable to ransomware attacks committed by
Sikerin"

Sikerin, meanwhile, whose last-known address has been traced to the Russian city
of Saint Petersburg, has been charged with multiple counts of conspiracy and
money laundering. That said, law enforcement officials believe Sikerin is just
an affiliate in the vast network of REvil gang.

 * Here Are the Technology Trends That Look Set to Dominate 2022

Ransomware gang affiliates are responsible for frontline hacking work and
stealing the data from victims' machines. They usually earn 70-80 percent of the
ransom.

REvil, also known as Sodinokibi or Sodin, has been one of the most notorious
ransomware groups of over the past couple of years. The group targets company
networks using spam, exploits, exposed remote desktop services and hacked
managed service providers (MSPs).

While the FBI does not indicate the online alias of the threat actor in its
complaint, those over at Bleeping Computer have looked into the email address
mentioned in it and found that the name 'engfog' is tied to a REvil affiliate
known as 'Lalartu' aka Aleksandr Sikerin — who has named in the complaint.

 * Ransomware Operators May Continue Using Cryptocurrency to Evade Sanctions

The news break nearly a month after the US Justice Department charged a Ukraine
national and a Russian in one of the worst ransomware attacks against American
targets as per court filings.

An indictment back then accused Ukrainian Yaroslav Vasinskyi, who was arrested
in Poland last month, of breaking into Florida software provider Kaseya over the
July 4 weekend. From there, he and accomplices simultaneously distributed REvil
ransomware to as many as 1,500 Kaseya customers, encrypting their data and
forcing some to shut down for days, it said.

Vasinskyi is charged with breaking into the victim companies and installing
encryption software, developed by the core REvil group. REvil directly handled
the ransom negotiations and split the profits with affiliates like Vasinskyi.

REvil, also involved in an attack against top global meatpacker JBS SA, was
intercepted in a joint operation, where authorities recovered $6 million
(roughly Rs. 45.17 crore) in ransom payments.



--------------------------------------------------------------------------------

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO
Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets
360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify,
Amazon Music and wherever you get your podcasts.

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Further reading: Revil, cryptocurrency, ransomware
Shomik Sen Bhattacharjee Email Shomik Sen Bhattacharjee
Shomik is a senior sub-editor at Gadgets 360. As someone who's screened the
consumer tech space for the past four years, he's now shifted focus to the
crypto-verse. When not converting currency values in his head, y... more

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FBI Seizes Cryptocurrency Worth $2.3 Million From REvil Ransomware Group
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