COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Bravely Confronting a Cyber Nightmare: Cencora’s Record Bitcoin Ransom Payment
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency Security > Bravely Confronting a Cyber Nightmare: Cencora’s Record Bitcoin Ransom Payment
Cryptocurrency Security

Bravely Confronting a Cyber Nightmare: Cencora’s Record Bitcoin Ransom Payment

In Brief

  • Cencora made a historic $75 million Bitcoin ransom payment.

  • The cybercriminal group behind the attack was called Dark Angels.

  • Ransom payments have significantly increased over the years, reaching $1 billion in 2023.

Ömer Ergin
Ömer Ergin 8 months ago
Share
SHARE

Some significant events reveal their details much later, and what Cencora experienced is remarkable. A report published by Bloomberg, based on familiar sources, along with research from Zach, presents intriguing insights. Ranked 11th on the Fortune 500 list, this pharmaceutical giant owns several large subsidiaries. So, what are the details surrounding the Bitcoin $110,917 ransom payment?

Contents
Record Bitcoin RansomRansom Payment Addresses

Record Bitcoin Ransom

In March, the company made payments in three installments, with an initial ransom demand of $150 million. The attack discovered in February resulted in data being compromised. In their quarterly report in July, Cencora documented cybersecurity costs. The attacking group, known as Dark Angels, received a $75 million payout against their $150 million demand.

Chainalysis and Zscaler reported that the attackers received a substantial payment from on-chain activity. This historic $75 million ransom payment surpassed the $40 million paid by CNA Financial in 2021, positioning Cencora at the top of the list for the largest cyber ransom payment ever.

Charles Carmakal, Chief Technology Officer of Mandiant Consulting, Google’s cybersecurity unit, mentioned that while such large payments are not common, they do occur without public knowledge.

Information revealed that attackers accessed personal data, including names, addresses, birth dates, diagnoses, prescriptions, and medications belonging to clients in February. According to Chainalysis, the amounts of ransom payments have been increasing year on year, with average payments rising from $200,000 last year to $1.5 million in June. Reports indicate that total ransom payments in 2023 have already reached $1 billion, with even more payments made this year.

Ransom Payment Addresses

ZachXBT, a crypto crime detective, disclosed the addresses belonging to the attackers following the report. The fact that payment was made in three installments in March facilitated his identification of the attackers’ addresses. He stated the following:

“I think it’s unfortunate that a major public company like Cencora did not share BTC transactions related to their $75 million payment to the Dark Angels ransomware group, so I will publish them just for them.

296.5 BTC – March 7, 2024, 10:04 UTC

e3e203db2752edeb5bb716a77ed30f977bee70b06cefecd69d1c38921ad5d1b2

408 BTC – March 8, 2024, 7:45 UTC

db4a0742aa2fe67c20f02642bb776fb4140cf32beca43b7552435f5eddb58d92

387 BTC – March 8, 2024, 9:39 UTC

bf408baa4d6598a42a6852012fe412514ff7bb70ca8a94deb9865c9b46f19ddf

Additionally, all three addresses were funded from the same source, and the funds were transferred to addresses with high exposure to illegal funds.”

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Meta Takes Action to Combat Rising Fraud on Social Media Platforms

The Shocking Story of How an X Account Hack Sent Bitcoin Prices Soaring

Protect Your Cryptocurrency: Strengthen Your Online Security with CZ’s Tips!

Lido Swiftly Secures Its Network After Critical Oracle Breach

Crypto Market Faces Severe Security Breaches in April

Ömer Ergin 18 September, 2024 - 6:26 pm 18 September, 2024 - 6:26 pm
Share This Article
Facebook Twitter
Share
Previous Article BlackRock Embraces Bitcoin as a Unique Portfolio Diversifier
Next Article Coinbase Expands Its Offerings to Meet Investor Demands
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Coinbase Data Breach Shocks with Far-Reaching Consequences
Coinbase
Bitcoin Shatters Records as Institutional Backing Surges
Bitcoin (BTC)
Ethereum’s Surge Shakes Up the Crypto Scene with New Developments
Ethereum (ETH)
BTCS Amplifies Ethereum Portfolio with a Strategic Pivot
Altcoin News Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?