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5/15/2017, 3:19 PM (Source: TeleTrader)
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Bitcoin trail may help track down ransomware hackers

The world’s most popular cryptocurrency may offer several investigative opportunities to unveil the identity of hackers behind the latest ransomware attack that hit more than 200,000 computers in 150 countries, British news agency PA quoted Neil Walsh, senior expert at the United Nations responsible for the fight against global cybercrime.

The WannaCry ransomware, which was unleashed on May 12, demanded from its victims to pay a ransom of $300 in Bitcoin. "When you demand a ransom, you have to get that money back. If you can't cash that value or turn it into something, then it doesn't do anything for your criminal business model," Walsh added.

"In the past month alone we have trained investigators and prosecutors in over 40 countries on how to investigate Bitcoin transactions and how to link those transactions to find an individual or entity," PA reported the UN expert as saying.

Bitcoin, which was launched in 2009, depends on the system of mutual consensus verification protocols.

Breaking the News / KV