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Russian Intelligence Services Reportedly Lose Bitcoin to Pirates

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Gherardo Fiorenzo
Gherardo Fiorenzo is an Italian author with a unique perspective shaped by his experiences in Italy and the US. His thought-provoking articles, short stories, and reviews explore the intersections of language, identity, and culture.

An anonymous Bitcoin user reportedly hacked hundreds of wallets allegedly controlled by Russian security services, stealing coins and sending them to addresses belonging to participating Ukrainian volunteers in the war.

According to a now-deleted report by on- Chain data analysis firm, Chainalysis, February 12, 2022 to March 14, 2022 A mysterious user reportedly reached nearly 1,000 bitcoin (BTC) addresses he claimed belong to the Russian security services.

According to Chainalysis, the hacker used a feature on bitcoin network is called OP_RETURN. It’s a function that not only references an invalid transaction string but can also Used to hold text, allowing users broadcast Messages are permanently and steadily recorded.

The OP_RETURN function marks the transaction as invalid and burns any BTC it contains. Chainalysis reports that the anonymous user took feature of OP_RETURN function to destroy BTC worth About $300,000 by invalidating previously executed transactions.

At first, the hacker only intended to burn the coins stolen of the Russian security services. However, after Russia invaded Ukraine, apparently changed tactics and began funneling money to participating pro-Ukrainian groups in the war.

Three hacked wallets linked to Russia

that it also The user allegedly sent messages in Rossi to the coin owners, accusing them of using The same payment addresses for hackers.

Security specialists are firmly convinced that the Russian intelligence services regularly use pirates to carry it out diversity of missions. However, these rumors have not been confirmed.

decomposition also pointing to out that three at least of conservative already Established contacts with Russia. One of them reportedly paid for used servers in Russian disinformation operation during the 2016 US presidential election. Meanwhile, the other two have been linked to SolarWinds attack.

The data analysis firm claimed that the attacker did not necessarily gain control of wallets by hacking it. Instead of that , “attack“Maybe it was an inside job. Depending on that person who took over Coins may be former or current employee of Russian intelligence services.

Moreover, the possibility of getting a hacker private Keys belonging to Russian-controlled addresses raise concerns about their safety of cryptocurrencies in the country.

Chainalysis suggested that the hacker’s action not only prevented the Russian intelligence services from accessing those coins, but also blocked them also made He. She more difficult for They reuse the same addresses in future operations.

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