Crypto’s $8.6 Billion Private Eye
Bloomberg Businessweek US|September 26, 2022
Chainalysis helps governments track those who may still believe that Bitcoin is anonymous
- Joshua Brustein
Crypto’s $8.6 Billion Private Eye

In May 2021 hackers initiated a cyberattack against Colonial Pipeline Co., the company behind the US’s largest gasoline pipeline. It was the kind of incident American officials had feared for years. Colonial was forced to halt operations for six days, which led to panic buying, shortages, and an increase in the price of gas. The company paid the hackers a ransom of 75 Bitcoin, worth about $4.4 million at the time.

About a month later, the US Department of Justice announced it had reclaimed almost all the Bitcoin. Criminals favor cryptocurrencies in part because they’re supposedly hard to trace, but the FBI had tracked the ransom Colonial paid to an address tied to DarkSide, a Russia-linked cybercrime group associated with the attackers, and swooped in to seize it. It was a breakthrough in the fight against cyberextortion, signaling that US law enforcement could get to assets held by attackers far outside the country. “There is no place beyond the reach of the FBI,” Deputy Director Paul Abbate said in a statement.

The bureau had relied on help from a company called Chainalysis Inc., which has developed software to trace the entities involved in crypto transactions and where the funds end up. The startup has become a key partner for the US and other governments investigating crypto-related crime, the establishment’s private eye in an historically anti- establishment industry. “There’s hardly been any case of any significance” in the world of crypto crime that “we haven’t been involved in,” says Gurvais Grigg, Chainalysis’ global public-sector chief technology officer, who worked for the FBI for 23 years.

この蚘事は Bloomberg Businessweek US の September 26, 2022 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Bloomberg Businessweek US の September 26, 2022 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

BLOOMBERG BUSINESSWEEK USのその他の蚘事すべお衚瀺
Instagram's Founders Say It's Time for a New Social App
Bloomberg Businessweek US

Instagram's Founders Say It's Time for a New Social App

The rise of AI and the fall of Twitter could create opportunities for upstarts

time-read
4 分  |
March 13, 2023
Running in Circles
Bloomberg Businessweek US

Running in Circles

A subscription running shoe program aims to fight footwear waste

time-read
3 分  |
March 20 - 27, 2023
What I Learned Working at a Hawaiien Mega-Resort
Bloomberg Businessweek US

What I Learned Working at a Hawaiien Mega-Resort

Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.

time-read
10 分  |
March 20 - 27, 2023
How Noma Will Blossom In Kyoto
Bloomberg Businessweek US

How Noma Will Blossom In Kyoto

The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking

time-read
3 分  |
March 20 - 27, 2023
The Last-Mover Problem
Bloomberg Businessweek US

The Last-Mover Problem

A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps

time-read
10+ 分  |
March 20 - 27, 2023
Tick Tock, TikTok
Bloomberg Businessweek US

Tick Tock, TikTok

The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban

time-read
10+ 分  |
March 20 - 27, 2023
Cleaner Clothing Dye, Made From Bacteria
Bloomberg Businessweek US

Cleaner Clothing Dye, Made From Bacteria

A UK company produces colors with less water than conventional methods and no toxic chemicals

time-read
3 分  |
March 20 - 27, 2023
Pumping Heat in Hamburg
Bloomberg Businessweek US

Pumping Heat in Hamburg

The German port city plans to store hot water underground and bring it up to heat homes in the winter

time-read
3 分  |
March 20 - 27, 2023
Sustainability: Calamari's Climate Edge
Bloomberg Businessweek US

Sustainability: Calamari's Climate Edge

Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment

time-read
4 分  |
March 20 - 27, 2023
New Money, New Problems
Bloomberg Businessweek US

New Money, New Problems

In Naples, an influx of wealthy is displacing out-of-towners lower-income workers

time-read
4 分  |
March 20 - 27, 2023