Bitcoin News Thebittimes.Com

A ransomware group that has reportedly extorted more than $100 million in bitcoin ransom s since 2022 claims that it has hacked a large UK water firm and is holding it to ransom . Black Basta announced via its Tor site this week that it had stolen 750 gigabytes of sensitive data, including passports, driving licenses, employee information, and corporate documents from Southern Water.  As reported by Computing, Black Basta has given Southern Water six days to pay a ransom or it will publish the stolen data on February 29 . The firm says it’s aware of the leak and noted it “previously detected suspicious activity, and had launched an investigation, led by independent cyber security specialists.” We're aware of a claim by cyber criminals that data has been stolen from some of our IT systems. We currently have no evidence customer relationships or financial systems have been affected. Our services are operating normally and we've notified regulators https://t.co/jdR...

While North Korea leads the world in crypto crime, crypto analytic firms have estimated that DPRK hackers have found it increasingly difficult to launder stolen crypto funds. North Korea leads the world in crypto crime , with over 15 documented instances of cyber theft amounting to $1.59 billion in stolen funds . However, the recent crypto market turmoil has wiped out millions of dollars from the country’s stolen crypto portfolio. The crypto market rundown that started in May wiped out hundreds of billions of dollars from the crypto industry, where most of the crypto assets fell by over 70% from their top. As a result majority of stolen crypto funds by the Democratic People's Republic of Korea (DPRK) hackers have registered a significant plunge as well. A report from Coinclub.com indicates that North Korea has deployed 7,000 full-time hackers to raise funds through cyberattacks, ransomware and crypto protocol hacks. The $600 million Ronin bridge hack in April was also linked to t...