Brian Krebs reads the internal chat records stolen from the Conti ransomware group, the most profitable ransomware gang in operation today.
The candid messages revealed how Conti evaded law enforcement and intelligence agencies, what it was like on a typical day at the Conti office, and how Conti secured the digital weaponry used in their attacks. This final post on the Conti conversations explores different schemes that Conti pursued to invest in and steal cryptocurrencies.
When you’re perhaps the most successful ransomware group around — Conti made $180 million last year in extortion payments, well more than any other crime group, according to Chainalysis — you tend to have a lot digital currency like Bitcoin.
This wealth allowed Conti to do things that regular investors couldn’t — such as moving the price of cryptocurrencies in one direction or the other. Or building a cryptocurrency platform and seeding it with loads of ill-gotten crypto from phantom investors.
One Conti top manager — aptly-named “Stern” because he incessantly needled Conti underlings to complete their assigned tasks — was obsessed with the idea of creating his own crypto scheme for cross-platform blockchain applications.
“I’m addicted right now, I’m interested in trading, defi, blockchain, new projects,” Stern told “Bloodrush” on Nov. 3, 2021. “Big companies have too many secrets that they hold on to, thinking that this is their main value, these patents and data.”
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