It’s another sad event in the Crypto world as ransomware hackers successfully drag cryptocurrency in a negative way again as Travelex loses 285 Bitcoin to a Ransomware attack.
A report from WSJ has it that less than three months before the owner of the world’s largest chain of money-exchange shops unravelled in an accounting and governance scandal, it faced another challenge: It was at the mercy of ransomware hackers.
Travelex, known for its ubiquitous foreign-exchange kiosks in airports and tourist sites around the world, was shut down by a computer virus that infiltrated its networks early this year. It responded by paying the hackers the equivalent of $2.3 million, according to a person familiar with the transaction.
Ransomware attack has been on the increase ever since the Coronavirus outbreak. Domain Tools earlier reported a website that lures innocent victims to install a fake coronavirus application. The app promises to keep its victims up to date with Coronavirus updates and claims it is endorsed by the world health organization. but in the real sense,Once the application is installed, the device’s screen locks and the hackers demand $ 100 in bitcoin (BTC) . If the victim does not pay bitcoin within 48 hours, all images, videos and contacts will be removed, according to the threatening hackers.
Victims are further pressured with the following message: “YOUR GPS IS WATCHED AND YOUR LOCATION IS KNOWN. IF YOU TRY ANYTHING STUPID YOUR PHONE WILL BE AUTOMATICALLY ERASED. ”
However, DomainTools says it managed to bypass the lock by breaking the encryption key. It will put this key on its website soon.
Know more about Cryptocurrency, blockchain technology and the happenings in the industry by visiting our Crypto Updates category.
Feel free to stop by our Airdrop Category to stay updated with the latest verified airdrops in the cryptocurrency world.
Read our crypto-related reviews by visiting our Review category