The Justice Department announced today it was able to seize half a million dollars from North Korean hackers.
The group had used a new strain of ransomware, “Maui,” to freeze the servers of two U.S. hospitals, which had to pay out $100,000 and $120,000 in Bitcoin to regain access to their computers.
North Korean hacking syndicates have been particularly effective at finding exploits in the crypto ecosystem; at the beginning of the year the state-sponsored Lazarus Group exploited the Ronin bridge for $551.8 million.
Europe’s mining heaven Sweden looks to re-direct Bitcoin miners’ power to job-creating projects as the country’s energy demand rapidly increases.
Sweden’s Energy Minister Khashayar Farmanbar told Bloomberg News:
“We need energy for more useful things than Bitcoin, to be honest.
A joint report by Boston Consulting Group (BCG), Bitget, and Foresight Ventures showed that crypto is at its very early stages of adoption and will expand more, especially in Latin America (LatAm) and the Asia Pacific (APAC) regions.