r/technology – Bitcoin slides 7% after U.S. seizes most of Colonial Pipeline ransom


This is the best tl;dr I could make, original reduced by 87%. (I’m a bot)


DarkSide, which reportedly received $90 million in bitcoin ransom payments before shutting down, operated a so-called “Ransomware as a service” business model, where hackers develop and market ransomware tools and sell them to affiliates who then carry out attacks.

Musk’s electric car firm stopped accepting bitcoin as a payment method last month due to concerns over its environmental impact, resulting in a crypto market sell-off.

Last week, thousands of bitcoin investors descended on Miami for an event billed as the biggest bitcoin event in history.


Extended Summary | FAQ | Feedback | Top keywords: bitcoin#1Hacked#2market#3ransom#4month#5


This is the best tl;dr I could make, original reduced by 87%. (I’m a bot)


DarkSide, which reportedly received $90 million in bitcoin ransom payments before shutting down, operated a so-called “Ransomware as a service” business model, where hackers develop and market ransomware tools and sell them to affiliates who then carry out attacks.

Musk’s electric car firm stopped accepting bitcoin as a payment method last month due to concerns over its environmental impact, resulting in a crypto market sell-off.

Last week, thousands of bitcoin investors descended on Miami for an event billed as the biggest bitcoin event in history.


Extended Summary | FAQ | Feedback | Top keywords: bitcoin#1Hacked#2market#3ransom#4month#5

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