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In a new move carried out by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC), multiple sanctions were handed out due to the accused’s ransomware activities.
Ten Individuals and two shell companies known for extorting US businesses and infrastructure providers have been sanctioned, prohibiting all commercial activities with the designated parties – in cryptocurrency or otherwise.
In tandem, the DOJ has also launched criminal charges against three named persons in absentia.
Hospitals and Transportation Nodes Under Attack
The attacks, spearheaded by alleged IRGC shell companies Najee Technology and Afkar System, targeted government offices and businesses across the US and its allies in the Middle East since at least 2020. Once the hackers managed to gain access to their target’s IT systems, they would then lock the bona fide users out and request a ransom to be paid in Bitcoin in exchange for the decryption keys.
Although these ransomware attacks would not have been taken as seriously if they had only affected small businesses, the hacker’s targets included institutions vital to the public.
“From June through August 2021, the group accelerated their malicious activity by targeting a wide range of U.S.-based victims, including transportation providers, healthcare practices, emergency service providers, and educational institutions.”
Both Sanctions and Criminal Charges Applied
The individuals have not only been added to the official sanctions list of the US Government – but they are also being pursued legally by a New Jersey court. Granted, the second legal action is rather meaningless as all suspects are abroad in a country that does not have an extradition pact in place with the US. Nevertheless, the move effectively bars the group from traveling to the US or any country allied with it.
The US Cybersecurity and Infrastructure Security Agency also released a statement for the technically inclined, outlining the procedures used in the cyberattacks, how to prevent similar events, and so on. According to Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson, these attacks are only the latest in a spree of ransomware onslaughts carried out by allegedly state-sponsored hackers across multiple countries.
“Ransomware actors and other cybercriminals, regardless of their national origin or base of operations, have targeted businesses and critical infrastructure across the board – directly threatening the physical security and economy of the United States and other nations. We will continue to take coordination action with our global partners to combat and deter ransomware threats, including those associated with the IRGC.”
The US Government and its various security agencies will continue in their efforts to ward off similar attacks and have set a bounty of up to $5 million for information on the suspects in the current case.
The post US Sanctions IRGC-Affiliated Hackers on Ransomware Charges appeared first on CryptoPotato.

The group was known for exploiting hospitals and businesses to lock up computer systems and requesting Bitcoin to restore access.


cryptopotato.com

US Sanctions IRGC-Affiliated Hackers on Ransomware Charges

Craig Wright, an Australian computer scientist, claims to be Satoshi Nakamoto – the alias used by whoever or whomever created bitcoin.
In a recent interview with an Australian television program, Craig Wright reinforced his claims that he is the creator of Bitcoin, the largest cryptocurrency in the world.
Wright emphasized that there are those who know him and can verify that he is truly Satoshi Nakamoto.
He asserts:
“Proof is always people… I mean, I had family, I had friends. I’ve got people who are high up in the industry.”



Image: CNBC
Many Don’t Buy Craig Wright’s Assertion
Craig Wright’s claim is viewed with a massive grain of salt by many members of the crypto community. In a 2016 blog post, he implied that he was Satoshi.
One reason for this is that, as far as anyone knows, Satoshi never mined any of the bitcoins that he claims to have mined.
Wright’s failure to transmit a message from the private key that matches the public key of Bitcoin’s “Genesis Block” – the term given to the first block ever mined – is a key reason why his assertions have been widely disregarded up to this point.
Despite the fact that he was unable to transmit a message from the private key corresponding to the public key of Bitcoin Block 0, he attempted to use a vehicle key analogy.
“Keys cannot serve as evidence.  If I own your car keys, that doesn’t mean I own your car. Honestly, that is the stupidest thing I’ve ever heard,” Wright argued.
Craig Wright’s F Bomb On TV
Meanwhile, when Wright’s interviewer, Hamish Macdonald, requested additional proof of his claim, things went bad.
In response, Wright instructed Macdonald to take up a law book and examine the definition of “proof.”
Then Wright began to use the F-bomb:
“And when you return, and you actually know what the f**k you’re talking about, then we can have a discussion. Otherwise, you’re just being a w****r.”
When asked about his combative behavior, Wright stated that he did not hesitate to retaliate against Macdonald since he is an Australian.
But, the “damage” has been done and a word that wasn’t fit for TV consumption was spewed out and into the ears of the viewers.


BTC total market cap at $444.3 billion on the daily chart | Source: TradingView.com
Craig Wright’s ‘Difficult Life’ – And His 1.1 Million BTC
Wright asserts that being the creator of Bitcoin has made his life more difficult.
His remark sparked curiosity and suspicion within Bitcoin’s community. Some backed up his claim.
For instance, Gavin Andresen, a director of the Bitcoin Foundation who interacted with Nakamoto while performing initial technical work for Bitcoin, said that he was convinced “beyond a reasonable doubt” that Craig Wright was Satoshi.
However, most skeptics have expressed doubts by Wright’s narrative and have demanded definitive evidence.
Dan Kaminsky, a security expert, used Wright’s failed attempt to substantiate his claims to support his argument that the whole procedure was fraudulent.
In 2021, Andresen recanted his prior assertion, stating that he had made an error.
Wright has been confirmed to possess around 1.1 million bitcoins, valued at nearly $25 billion as of June 2022.
Featured image from The Conversation, Chart from TradingView.com


Craig Wright, an Australian computer scientist, claims to be Satoshi Nakamoto &#8211; the alias used by whoever or whomever created bitcoin. In a recent interview with an Australian television program, Craig Wright reinforced his claims that he is the creator of Bitcoin, the largest cryptocurrenc...

bitcoinist.com

Craig Wright Uses ‘F’ Word Against Interviewer In Asserting He Invented Bitcoin, During TV Guesting

Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned about cryptocurrency, stating that “if and when all our money is on our computer, it’s going to be government money.” Nonetheless, he noted that his wife invests in crypto.
Jim Rogers’ Crypto Warning
Famed investor Jim Rogers shared his view about cryptocurrency in an interview with Bloomberg, published last week. Rogers is George Soros’ former business partner who co-founded the Quantum Fund and Soros Fund Management.
“A lot of people I know are investing in crypto and having fun and making money. Many have already disappeared and have gone to zero,” he began, elaborating:
My wife invests in crypto of all things, but I don’t invest in them because the bulls say they’re going to be money, and my answer to that is, if and when all our money is on our computer, it’s going to be government money.
Rogers proceeded to explain that governments will not allow other currencies to compete with their currencies.
Pointing to his phone as an example of electronic money, the veteran investor opined: “When the U.S. government says, ‘okay, this is money now,’ and every government is working on crypto money, they’re not going to say: ‘This is money, but if you want to use that [other] money, you can use that money.'”
He stressed:
That’s not the way bureaucrats think. That’s not the way politicians think. They want control. They want to regulate everything.
“In my view, if they [cryptocurrencies] are just trading vehicles, fine, have at it. [But] I’m not going to trade, I’m not doing it,” he concluded.
Rogers was asked if anything would change his mind about investing in crypto. He admitted that if things change then he will also have to change. For example, “If suddenly the euro is all denominated in crypto, well then I have to change,” he said. However, Rogers noted that he doesn’t see it happening.

This was not the first time that the Quantum Fund co-founder warned about governments coming after cryptocurrency. In April last year, he said governments could ban cryptocurrencies. “If cryptocurrencies become successful, most governments will outlaw them, because they don’t want to lose their monopoly,” Rogers stressed. He also previously said, “virtual currencies beyond the influence of the government will be eliminated.”
In addition, he warned last month that more bear markets are coming and the next one will be “the worst” in his lifetime. Noting that many stocks will go down 90%, he cautioned that investors will lose a lot of money. He also predicted the end of the U.S. dollar, fueled by the Russia-Ukraine war.
Do you agree with Jim Rogers? Let us know in the comments section below.



























Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned about cryptocurrency, stating that &#x201C;if and when all our money is on our computer, it&#x2019;s going to be government money.&#x201D; Nonetheless, he noted that his wife invests in...

Internet Computer price	$5.90
Low - High 24H	$5.86 - $6.07
Market cap	$1.55B
Volume 24H	$29.55M
All time high	$700.65 -99.16% May 10th 2021
All time low	$4.71 25.15% June 18th 2022
Genesis date	N/A

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