Results 1 to 2 of 2

Thread: Extortionists received $ 500 K in BTC from the authorities in Florida

  1. #1

    Extortionists received $ 500 K in BTC from the authorities in Florida

    The authorities of the city of Lake City, Florida, paid $ 500,000 in Bitcoins to extortionists who infected the municipality's computer systems with an unnamed encryption virus. This is reported in the official press release.

    The attack occurred on June 10, after one of the employees of the City Hall opened a letter containing a malicious file.

    "Despite the fact that the IT specialists of the administration turned off all vulnerable systems within ten minutes after the attack was detected, the virus managed to hit almost all the computer systems of the city, with the exception of the police and fire protection systems that worked on a separate network," the press said.

    As a result of the coderís attack, the work of the cityís administration was virtually paralyzed for the next two weeks.

    The hackers behind the attack a week later contacted League of Cities, the cityís insurance provider, and demanded a ransom of 42 BTC (about $ 500,000 at the time) for unlocking urban systems.

    At an emergency meeting of the City Council of Lake City, the authorities unanimously decided to pay the intruders. Payment was made on June 25th.

    Currently, the city has received the key to decipher the affected systems, IT staff is working on data recovery.

    Recall last week in a similar situation were the authorities of the city of Riviera Beach. They had to pay hackers 65 BTC ($ 600K).

    KYCbench, your reliable KYC partner
    GDPR & ISO/IEC 27001:2013 compliant

    Please contact KYCbench today, the most reliable ID verification processor at:

    Join our Telegram Groups:
    KYCBench Announcement
    KYCBench Community

  2. #2
    Frankly speaking, these are obvious stuff. If we are not careful it will always be the case with many. I always prefer to play it safe with using Crypto Hardware Wallet, as I know how much difference it could make for us. If we are not careful about these things, it is very much a risky deal to accept for anyone. So for sure something that I will personally not be suggesting to anyone at all, as it just will not put us on right track at all.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
About us provides news coverage, analysis and researches for world stock markets, commodities and currencies. We publish articles provided by experts of leading brokerage and investment companies. At our website investors can find daily, weekly and monthly reports, news, recommendations on the IPOs and fundamental analysis for stocks which are currently traded at the stock exchange.