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Page 14 - யார்க் நிலை துறை ஆஃப் நிதி சேவைகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

DOJ Seizes Millions in Ransom Paid to Colonial Pipeline Hackers | Kramer Levin Naftalis & Frankel LLP

To embed, copy and paste the code into your website or blog: On June 7, the Department of Justice (DOJ) announced that it seized 63.7 of the 75 bitcoins paid by Colonial Pipeline to ransomware attackers last month. The recovered bitcoins were valued at $2.3 million at the time of seizure. The seizure represents a significant victory for the DOJ as it steps up efforts to combat cyberattacks. The Colonial Pipeline attack disrupted operations that supplied roughly 45% of the East Coast’s fuel. This led to gas shortages, price spikes and the federal government declaring a state of emergency in 17 states. Hacking group DarkSide claimed responsibility and announced its “retirement” shortly after, citing its own monetary success and increasing pressure from U.S. law enforcement.

Institutional Digital Asset Infrastructure Advances

Traders Magazine 0 Shares Cowen, the US broker-dealer, has partnered with PolySign to give clients access to cryptocurrency and digital assets while Copper, a digital asset infrastructure provider, has raised $50m (€41m) in funding.  Mathew McDermott, Goldman Sachs Mathew McDermott, global head of digital assets at Goldman Sachs, said in a report by the bank that digital custody is very different from traditional custody but institutions are getting more comfortable as there institutional-grade offerings which have improved security, execution and risk management. “Many of these entities are now raising capital in the public markets, both to further institutionalize their offerings and credentialize their activities,” he added. “The quality of custody both in terms of the technology itself as well as the products around it have evolved with the market.”

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