According to the US Department of Justice (DoJ), Fashion Desjardins has been charged with conspiracy to commit computer fraud, online fraud, and willful destruction of protected computers through Netwalker, a form of ransomware.

and claim indictmentcited by the Department of Justice, that the United States will seize more than $27 million of the $28 million that has been frozen, attributable to proceeds from criminal operations.

Assistant Attorney General Kenneth Politt stated:

The ministry will not stop pursuing and confiscating crypto-related ransomware proceeds, thus thwarting attempts by ransomware actors to evade law enforcement through the use of cryptocurrencies.

Cryptocurrencies and ransomware:

“Netwalker” is a sophisticated form of ransomware that has targeted numerous victims including law enforcement agencies, commercial entities and even the healthcare sector during the coronavirus pandemic.

Read:Rio de Janeiro will allow taxes to be paid using crypto from 2023

Hackers and makers of Netwalker have previously been identified by legal authorities as the perpetrators behind Argentina’s closure of international borders in September 2020.

The then-attackers demanded $4 million worth of bitcoin at the time.

In September 2020, Netwalker hackers demanded nearly $8 million in bitcoin from a power producer in Pakistan in exchange for access to its private data after a cyber attack targeting it.

There are many such attacks in addition to other ransomware attacks.

Crane Hasold, a former FBI agent and current director of intelligence, told Cryptocurrency that cryptocurrencies have become the primary vehicle for the ransomware industry today.

Read:Court asks Tether to provide documents and files explaining what supports the digital stablecoin USDT

Read also:

Stripe is now supporting the cryptocurrency business

Crypto company “Elrond” acquires financial payments company “Twispay”…Details here