Sodinokibi Crypto Ransomware Switches from Bitcoin to Monero to Hide Money Trail By Cointelegraph

Sodinokibi Crypto Ransomware Switches from Bitcoin to Monero to Hide Money Trail

A kind of ransomware — a malware that encrypts user data and asks for a ransom to restore access to it — switched from (BTC) to Monero (XMR) to better protect the hackers’ identities.

According to an April 11 report by cybersecurity news outlet BleepingComputer, using Monero will make it harder for law enforcement to track ransom payments to the hackers behind Sodinokibi. As the article mentions, Europol strategy analyst Jerek Jakubcek explained during a February webinar how anoncoins influence legal investigations:

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