October 27, 2021


PC Tech Therapy Blog by Daniyal Computer

US State Division provides as much as $10 million in crypto rewards to white hat hackers

2 min read

The US govt is providing rewards in cryptocurrency for info with regards to the operations of enemy state-backed hackers or suspected terrorists.

The U.S. State Division’s new “Rewards for Justice” platform lets in informants to post nameless guidelines and knowledge in go back for rewards in virtual belongings.

The platform was once promoted on the Black Hat USA match — which ran from July 31 to August 5 in Las Vegas — with customers ready to post guidelines by means of an unsecured Wi-Fi community referred to as #Rewardsnotransoms. The open community was once purposely set as much as inspire attendees to log in and get admission to the RFJ web site, consistent with CNN.

Rewards of as much as $10 million are being introduced in trade for information on more than a few terrorist suspects, extremists, and state-sponsored hackers. Informants elect whether or not they need to obtain repayment within the type of crypto belongings.

Informants supply delicate data by means of a protected portal at the darkish internet — the layer of the web that’s not publicly accessed by means of industrial corporations and search engines like google and yahoo.

Former Director of the U.S. Nationwide Counterintelligence and Safety Heart, William Evanina, described the initiative because the U.S. govt’s maximum public foray into crypto belongings ever made.

Comparable: Don’t blame crypto for ransomware

Previous this 12 months, the Biden management accused hackers hired by means of each Russia and China of breaching more than one U.S. govt companies and departments. In early June, U.S. officers recovered round $2.3 million in cryptocurrency used to pay a ransom following a cyber assault at the Colonial Pipeline device.

The RFJ program hopes to forestall a lot of these assaults by means of soliciting data from hackers with pertinent talents and experience.

Whilst the platform has already gained guidelines, one State Division authentic emphasised that cyber-enforcement operations are “no longer a handy guide a rough procedure.”

“We’re receiving guidelines. We’re comparing guidelines. We will proportion the ones guidelines with the interagency companions. They should then use that data and achieve out and start their investigation,” they stated.

Every other authentic predicted the programme will include the precursor for an identical cyber-policing tasks one day, pointing out:

“I feel this be offering of cryptocurrency is one thing that we will be able to be the usage of one day for different kinds of rewards. It might inspire different kinds of resources to return to us with data who would possibly not have sought after to return to us sooner than.”