The post Hackers get $75M in Bitcoin ransom from drug distributor Cencora appeared on BitcoinEthereumNews.com.

A group of hackers called the Dark Angels made off with $75 million in BTC after hacking into the systems of drug distributor Cencora. This is the largest cyber ransom ever recorded, according to people who know the details but don’t want to be named.  These criminals demanded $150 million at first, but Cencora negotiated for a cut by 50%. Cencora first noticed something wrong in February, according to a filing they made with regulators.  By July, a quarterly report showed the company had racked up over $31 million in “other” expenses related to a cyberattack.  The $75 million ransom figure was carefully omitted. A Cencora representative said the company doesn’t comment on rumors or speculation.  They also avoided specifics when asked about what the $31.4 million in expenses actually went toward. But blockchain investigator ZachXBT took to Twitter to post details of the Bitcoin transactions, saying:  “I think it’s a bad look when a large publicly traded company like Cencora does not share the BTC transactions for the $75M payment to Dark Angels ransomware group so I will just post it for them.”  The first Bitcoin payment made by Cencora was 296.5 BTC on March 7, 2024. The second was 408 BTC on March 8, and then another 387 BTC later that day.  Zach traced the payments, revealing that all three transactions came from the same source and flowed to addresses already tied to illegal activities.  The funds were spread to various addresses with links to other criminal activities on the blockchain. Cencora had a big target on its back. They have a market value of about $46 billion and made $262 billion in revenue in the last fiscal year.  They were previously known as AmerisourceBergen.  But even with the massive ransom payout, Cencora reported to the SEC that…

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Filed under: News - @ September 19, 2024 12:28 am