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> The crime gang announced it was closing up shop after its servers were seized and someone drained the cryptocurrency from an account the group uses to pay aff
by aazaa 5y ago
> The crime gang announced it was closing up shop after its servers were seized and someone drained the cryptocurrency from an account the group uses to pay affiliates.
If so, this is either:
1. one heckuva Mickey Mouse operation
2. a smokescreen
The statement never mentions Bitcoin, but let's assume that this is the "cryptocurrency" being referred to.
That Bitcoin private keys were being stored on a "server" strains credulity. There's very little reason to do so, and every reason not to.
Payments can be received and orders fulfilled by a server - without private keys. Multiple addresses can be watched in read-only mode.
The only reason for a server to hold private keys is if that server is capable of making automated payments, and that capability is a crucial part of the operation.
Bitcoin's history is littered with the corpses of people who messed up the management of their own cryptographic keys. Any reasonably competent operator would know about them and would never, under any circumstances hold private keys on a server.
Which leaves Option 2. Smokescreen. Make it look like all the loot was lost, try to throw investigators off the trail.
If so, it's a lame attempt.
One other possibility comes to mind. The ransom itself was the smokescreen.
The amount of the ransom was nothing for a company the size of Colonial. And it's about 1/10 of the annual salary of some developers. Why risk the prospect of life in prison for such as small payoff?
The reason is, of course, to make this operation look like something it's not. A Mickey Mouse band of idiots who can't manage their own private keys or servers. Lots of reasons to do this, starting with the notion that the attackers are trying to conceal their identities. And maybe that this was a test operation. Throw in the trinkets of ransom to make it look believable to the public.
- vmception 5y agoIronically, it plays off of ignorance in either option. The DOJ could bolster credibility of itself to the ignorant by saying “thats right criminals you cant hide” even if the DOJ never got anything.
- KZZ 5y ago$5 million is 1/10 the annual salary of some developers?
- deleted 5y ago[deleted]
- CobsterLock 5y agoI could see 10 developers costing that much
- kube-system 5y ago$500,000 salary? Let me know where these jobs are because I'd like to submit my resume.
- eganist 5y agoSenior/Staff developers/architects etc at FAANGs can command as much or more. It's a routine topic of conversation on hn. Netflix specifically is known for paying much more of it as cash than the others. https://www.levels.fyi/?compare=Amazon,Apple,Netflix,Google,Facebook&track=Software%20Engineer https://www.levels.fyi/?compare=Amazon,Apple,Netflix,Google,...
- jandrese 5y agoMore like a $250,000 salary + benefits. Medical coverage is hideously expensive for example. Plus retirement, dental, insurance, and taxes. Still a cushy salary for a dev, but not completely out of the realm of reason.
- simias 5y agoThat's definitely a high salary except for the biggest companies in the richest parts of the richest countries. I do thin the parent's point still stands though, my current salary is not nearly that high but you'd have to pay me a lot more than $500k for me to risk hacking an American pipeline. That's an insane amount of risk for a few years worth of salary (that I'll probably have to be very careful laundering if I don't want to raise suspicions).
- 5y ago