Topic: Ransomware hacks linked to Crypto are killing Bitcoin slowly !! - page 3. (Read 343 times)

so98nn

hero member

Activity: 2114

Merit: 603

I don’t think crypto space will be hampered with that kind of magnitude which will put it into complete ban. Hacking is one of the part of digital world. We created it and the loop holes will always be there.

Besides banning crypto based companies will focus on improving the security measures and may invest heavily in developing complex infrastructure.

Well, the amount of money involved in crypto is ever growing so they can literally develop anything.

Idk, if government is involved in such conspiracy or not but that may get expose very easily if someone just double bribe the hacker. Tongue

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Ok, so we have seen several large companies being targeted by hackers and then ransomware being used to extort money from these companies. The latest being one of the largest meat suppliers in the world ==> https://www.bbc.com/news/world-us-canada-57318965

The hackers will then demand Crypto currency payments to "unlock" the Cyber attack for these people to continue with their business. Now, most of the previous Cyber attacks have received little or no media attention.. but things have changed and these hackers are now targeting large companies and these hacks are getting a lot of media attention. Angry

Cyber attacks linked to Crypto payments will ultimately lead to a "blanket ban" of all Crypto currencies, because this is giving the regulatory authorities the ammunition they want to ban Crypto currencies.

I will not be surprised if these hacks are government sanctioned attacks (Russia) to enable governments to instantiate these bans. (Now they have a perfect excuse to do it) Roll Eyes

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