5 ms·

they made a LOT more than 5m. I would have also been putting bets into the markets much earlier and cashing in on the stupid chaos. Continuing to let them do

they made a LOT more than 5m. I would have also been putting bets into the markets much earlier and cashing in on the stupid chaos. Continuing to let them do this with impunity is going to lead to escalated attacks.

tempestn 5y ago
Those bets could be easier to trace than the ransom payment though. Is there a way to make market bets completely untraceably?
- im3w1l 5y ago
  Let's not do the criminals' jobs for them.
  - ixacto 5y ago
    It is just pointing out the obvious that there exist ways to transfer money obtained via criminal actions that may not be in compliance with various nations tax laws. Talking about activities that are illegal in one's own jurisdiction without intent to break the law is not illegal... Would posting a paper by the german federal police on a practical home heroin manufacture be doing the criminals job? https://www.unodc.org/pdf/research/Bulletin07/bulletin_on_narcotics_2007_Zerell.pdf https://www.unodc.org/pdf/research/Bulletin07/bulletin_on_na... Irregardless the groups that pulled this off already know this and have machinery like that which was revealed in the panama papers and crypto mixers ready to launder the money. What is now needed is to give real consequences to US-based companies and institutions that pay any sort of ransom to the state/non-state actors that are perpetrating these hacking events. This will remove the profit motive, and I don't care if it's Colonial Pipeline or UCSF, this behavior needs to stop and the criminals behind it need to know that there is not any money to be made.
    - virtue3 5y ago
      And we're supposed to just shut down our infrastructure while that happens? I don't think that's going to fix anything. I'm 100% sure companies will just pay quietly and not talk about it. Which makes this infinitely worse. The government invests a crap ton in defense, this should be part of it.
- ixacto 5y ago
  Yes they can just pay in monero.
  - tempestn 5y ago
    Just pay what? I'm not aware of a way to buy stocks or options anonymously with monero.

tempestn 5y ago

Those bets could be easier to trace than the ransom payment though. Is there a way to make market bets completely untraceably?

im3w1l 5y ago
Let's not do the criminals' jobs for them.
- ixacto 5y ago
  It is just pointing out the obvious that there exist ways to transfer money obtained via criminal actions that may not be in compliance with various nations tax laws. Talking about activities that are illegal in one's own jurisdiction without intent to break the law is not illegal... Would posting a paper by the german federal police on a practical home heroin manufacture be doing the criminals job? https://www.unodc.org/pdf/research/Bulletin07/bulletin_on_narcotics_2007_Zerell.pdf https://www.unodc.org/pdf/research/Bulletin07/bulletin_on_na... Irregardless the groups that pulled this off already know this and have machinery like that which was revealed in the panama papers and crypto mixers ready to launder the money. What is now needed is to give real consequences to US-based companies and institutions that pay any sort of ransom to the state/non-state actors that are perpetrating these hacking events. This will remove the profit motive, and I don't care if it's Colonial Pipeline or UCSF, this behavior needs to stop and the criminals behind it need to know that there is not any money to be made.
  - virtue3 5y ago
    And we're supposed to just shut down our infrastructure while that happens? I don't think that's going to fix anything. I'm 100% sure companies will just pay quietly and not talk about it. Which makes this infinitely worse. The government invests a crap ton in defense, this should be part of it.
ixacto 5y ago
Yes they can just pay in monero.
- tempestn 5y ago
  Just pay what? I'm not aware of a way to buy stocks or options anonymously with monero.