Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Chainalysis and FBI collaborate to freeze ransom in the Caesars casino cyber attack.
ADOPTION NEWS

Chainalysis and FBI collaborate to freeze ransom in the Caesars casino cyber attack.

By Crypto FlexsJune 8, 20253 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Chainalysis and FBI collaborate to freeze ransom in the Caesars casino cyber attack.
Share
Facebook Twitter LinkedIn Pinterest Email

Rebeca Moen
June 6, 2025 08:57

The chain tools have traced and frozen millions of dollars in the Caesars Casino Ransomware attack to support the FBI, which emphasizes the role of blockchain in modern cyber crime execution.





In a significant breakthrough in cyber crime execution, the chain analysis has played a pivotal role in tracking and frozing millions of dollars in Cryptocurrency ransom payments related to famous ransom quarter attacks against Caesars Entertainment. According to a chain analysis, this attack, which was coordinated by the spider group scattered in 2023, saw the entertainment giants pay $ 15 million for the ransom.

Unveil the attack

Caesars Entertainment’s Cyberattack made an internationally headline when the scattered spider group found that it penetrated the company’s system using sophisticated social engineering tactics. The attackers first demanded a $ 30 million ransom, but settled for $ 15 million, which was paid as a cryptocurrency. The use of Cryptocurrency was to obfuscate the traces of funds, but the transparency of blockchain technology ultimately operated against the perpetrator.

Ransom fund tracking and freeze

Recently, a court document has revealed how the FBI, which utilizes a chain tool, traces ransom payments in several blockchains. The survey has frozen millions of cryptocurrencies before the funds are completely washed. This task shows how the transparency of the blockchain can be converted into a recoverable asset when the blockchain transparency is combined with the correct technology tools and cooperation between institutions.

Details of invasion

The attack on Caesar began when the spider scattered on August 18, 2023, using voice phishing technology to bypass multi -certification certification and aiming for an outsourced IT supplier. By August 23, the attacker accessed the database with sensitive customer information. The invasion was not noticeable until September 7, giving hackers a sufficient time to use a compromised system.

Real -time intervention

In January 2024, investigators detected suspicious transactions related to 402 BTC and passed the snow bridge for $ 11.8 million. 277.56 BTCs were frozen due to the rapid measures of the FBI and AVA Labs. Some funds have already been moved, but interventions have been prevented from washing significantly.

According to further surveys, additional funds transferred to the wallet hosted by Gate.IO, including Stablecoins and Monero (XMR), have been released. The request to freeze these assets of the FBI immediately shows the ability of the real -time intelligence to prevent cyber criminals.

Impact on ransomware tactics

Caesars examples reflect a wider tendency in the ransomware environment, and threaters are increasingly vulnerable to the origin of illegal interests by using the cross chain legs. However, the transparency and immutability of the blockchain provides significant advantages in tracking these funds to the law enforcement agency.

In light of the global law enforcement measures, the ransomware ecosystem has seen a decline in payments, and it seems to decrease by 35% from $ 2.22 billion in 2023 to about $ 883.6 million in 2024.

Role of chain analysis

Chain Analysis has played an important role in supporting global efforts to seize and freeze more than $ 12.6 billion in cryptocurrency assets. In the Caesars case, cooperation with the FBI is evidence of the power of blockchain analysis of the fight with financial crimes and the recovery of victims.

This case emphasizes the important turning point of the ransomware response strategy. Blockchain Intelligence, which allows you to recover funds before you intervene and wash after paying Ransom, has been proven to be a game change in the fight against cyber crime.

Image Source: Shutter Stock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025

Algorand (Algo) Get momentum in the launch and technical growth.

July 14, 2025

It flashes again in July

July 6, 2025
Add A Comment

Comments are closed.

Recent Posts

MemE Coin PEPETO, based on Ether Leeum, has exceeded $ 5.5 million in pre -sales.

July 24, 2025

Crypto EXEC is not the end of the rally.

July 24, 2025

Big Bob Slot -Self -There fish, bite wins!

July 23, 2025

XRP Holders Multiply Wealth 10X – Safely & Fast

July 23, 2025

Ethereum Based Meme Coin PEPETO Surpasses $5.5M In Presale

July 23, 2025

Crypto MEV Bot (Cryptomevbot.com) Launches Crypto Trading Bot For Individual And Enterprise Traders

July 23, 2025

Ether Leeum price rises

July 23, 2025

How to Start with Web3 and Crypto -Dew Prehtation

July 23, 2025

Use XRP To Mine BTC And DOGE? CryptoMiningFirm Launches New Cross-chain Cloud Mining Contract To Help Global Users Earn $8,150 A Day

July 23, 2025

MultiBank.io Partners With Fireblocks And Mavryk To Launch $10B Real Estate Tokenization Platform

July 23, 2025

Cango Inc. Announces Completion Of Secondary Acquisition And Appointment Of New Leadership Team

July 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

MemE Coin PEPETO, based on Ether Leeum, has exceeded $ 5.5 million in pre -sales.

July 24, 2025

Crypto EXEC is not the end of the rally.

July 24, 2025

Big Bob Slot -Self -There fish, bite wins!

July 23, 2025
Most Popular

Axiom secures $20 million in Series A funding to revolutionize blockchain data access

January 26, 2024

Fantom’s selloff widens to a 52% loss. Are there more coming?

January 11, 2025

Binance Futures Launches 50x Leverage VOXEL Perpetual Contracts

August 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.