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Bank of Brasilia will pay out 50 bitcoins after a ransomware attack

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Bank Brasilia, a government-controlled bank in Brazil, has been targeted by a ransomware attack. The threat actors behind the attack demanded 50 BTC as a reward for not leaking user data.

Bank of Brazil BRB Pays 50 Bitcoins After Ransomware Attack

Report by Tecmundo, a local media publication, He said That one of the hackers, nicknamed “Crydal”, contacted them to inform them that the bank was required to pay R$5.2 million by 15:00 on October 6.

The ransomware attack against the bank is being investigated by the Special Police Department of Cybercrime Supervision. An anonymous source said in an interview with Tecmundo that hackers took advantage of the “LockBit” ransomware.

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At the beginning of last year, LockBit targeted about 350 organizations worldwide. LockBit is one of the largest ransomware suites dedicated to information theft and extortion of large corporations. The ransomware group has been secretly operating since 2019.

Since the removal of Conte’s group, the group has been responsible for 40% of all ransomware attacks. The group recently updated the LockBit ransomware to version 3.0. The group also offers a rewards program of up to $1 million for those who report weaknesses, improvement ideas, and other weaknesses.

The ransomware group has carried out several attacks in Mexico, Peru, Venezuela, Argentina, and Panama. One of its recent attacks was on OSDE, a healthcare services network, from which it extracted about 140 gigabytes of information on patients, doctors, and affiliates. The group demanded a payment of $300,000 in cryptocurrency.

Criminals use cryptocurrency in Brazil

Brazil accounts for the most cryptocurrency scams in Latin America. The Brazilian justice system had to work with the FBI and the CIA to support its special forces and improve its tracking capabilities.

Data from the analysis platform SonicWall indicates that Brazil has become a favorite destination for cybercriminals since 2021. During the year, hackers in the country stole more than $33 million in bitcoin and other cryptocurrencies, making Brazil one of the four countries most affected by ransomware attacks.

A Kaspersky survey also revealed that 56% of businesses in Brazil have been affected by ransomware attacks. 80% of these companies confirmed that they would not be willing to pay the required ransom.

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In contrast, 78% of the organizations that were attacked showed that if they were attacked again, they would pay a ransom to get their data back. This is the same trend seen in ransomware victims globally.

It is not a good idea for companies to pay hackers to retrieve data as they are seen as funding a criminal organization. Disclosure of personal information held by banks may cause economic damage to millions of users.

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Blockchain

ETH/USD could reach the $1,200 support

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The Ethereum price prediction shows that ETH could be searching for a new low as the market price heads south.

Ethereum prediction stats data:

  • Ethereum price now – $1,229.55
  • Ethereum market cap – $150.7 billion
  • The circulating supply of Ethereum – 122.3 million
  • Total supply of Ethereum – 122.3 million
  • Ethereum Coinmarketcap Ranking – #2

ETH/USD market

Key levels:

Resistance levels: $1,700, $1,800, $1,900

Support Levels: $950, $850, $750

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Looking at the daily chart, ETH/USD It has been moving sideways for the past few days. Ethereum price is likely to create more bearish trends if it touches the $1,200 support. However, touching this support level could cause the second largest cryptocurrency to correct higher, but it is more likely to consolidate inside the channel before heading north.

Ethereum Price Prediction: What to Expect from Ethereum (ETH)

As can be seen from the daily chart, the Ethereum price It is likely to break below the daily low at $1,200 for more bearishness. Meanwhile, Ethereum price is currently hovering at $1229, in case it rises towards the lower boundary of the channel, the critical support levels at $950, $850, and $750 might be tested, and the technical indicator RSI (14) could remain below. 40 levels.

Conversely, ETH/USD could face the upper boundary of the channel or decline towards the $1,200 support. On the upside, the next major resistance is near the $1,500 level. But, the market price must reach the resistance levels at $1700, $1800, and $1900 to return to the positive zone. If not, there is a risk of more downsides down the channel.

When compared to Bitcoin, the daily chart shows that the price of Ethereum is between the 9-day and 21-day moving averages. If the price surpasses the 7500 SAT resistance level, then there is a possibility that additional benefits could be gained in the long run as the next resistance is near the 8000 SAT level. Therefore, if the price of the coin rises, it may break the potential resistance level of 9000 SAT and above.

ETHBTC – daily chart

Moreover, if the sellers bring the price below the 21-day moving average and head towards the lower boundary of the channel, the 7000 SAT support could be triggered before moving to the crucial support at 6000 SAT and below. The RSI (14) is moving to cross below the 50 level, which indicates a downward movement.

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Ankr posts $15 million to make users full as Helio stablecoin recovers after exploit

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Stablecoin Helio Protocol, which issues the HAY stablecoin pegged to the US dollar, He said In a Dec. 7 tweet, she said she had bought back $3 million worth of bad debt in HAY so far on the open market. The previous day, the blockchain infrastructure platform Ankr advertiser It will set aside $15 million to buy back bad debts generated from its recent exploitation and the resulting increase in HAY’s trading.

A series of seemingly unrelated incidents occurred on December 2 when a hacker tampered with vulnerabilities in Ankr’s smart contract code and compromised private keys following a technology upgrade. As a result, the hacker mined 20 trillion Ankr Reward Bearing Staked BNB (aBNBc), which was tied to BNB (BNB), and dumped them, with the aBNBc price dropping to less than $2 from about $300.

However, one trader then took advantage of the alleged hard-to-coding of pegged prices between aBNBc and BNB on the Helio protocol. The trader bought 183,885 aBNBc with just 10 BNB and used it as collateral to borrow 16 million HAY, which was then exchanged for 15.5 million USD (BUSD), Achieving a profit of 5,209 times from their original capital.

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After the exploit, HAY lost its peg and fell as low as $0.20 per coin before recouping most of its losses to trade at $0.96 at press time. Immediately after the incident, the Helio team stated that it would buy back the excess HAY and send it to the copy address. Originally, users were able to mint HAY by depositing BNB as collateral of 152%. The total value of the protocol was about $90 million before the accident.