Altcoin News Official TheBitTimes.com

A Ukrainian man accused of using the Conti ransomware for cryptocurrency extortion was extradited from Ireland to the US yesterday to begin legal proceedings in Tennessee, according to the US Justice Department. Oleksii Oleksiyovych Lytvynenko was arrested and charged in 2023 for conspiring to infect people’s computers, encrypt their data, and hold it for ransom.  The 43-year-old and his co-conspirators allegedly extorted over $500,000 worth of crypto from two victims in Tennessee and shared a third victim’s stolen data online.  Lytvynenko’s alleged role involved managing the stolen data and helping out with the ransom notes given to Conti victims.  Europol bounty for Russian crypto ransomware gang wasn’t real Read more: LockBit ransomware gang sends ‘friendly advice’ to new FBI Director Kash Patel Conti is a ransomware-as-a-service tool created by Russian hacking collective “Wizard Spider” in 2019. The FBI claims that, as of January 2022, Conti ha...

Blockchain infrastructure platform Paxos is said to be behind what appears to be the largest fee paid for one Bitcoin transaction . Paxos, a New York-based regulated blockchain firm behind stablecoins PYUSD, BUSD and USDP, appears to be the entity that overpaid $500,000+ to move just 0.074 BTC (~$1,911 at that time) to Binance. As crypto.news reported, the transaction — registered on Sept. 10 at 5:04 AM (UTC) — was first spotted by Whale Alert, a service that tracks crypto transaction s. An unidentified entity paid a whopping 19.82 BTC (~$511,512), while Bitcoin’s average transaction fee at that moment was at 0.000084 BTC (~$2), according to IntoTheBlock data. You might also like: Whale mistakenly pays record $500k fee to move $1.9k BTC Later, an X user under the alias mononaut said it was PayPal who paid the fees, which was thought to be a “fat-fingered” mistake at that time. BREAKING The fat fingers belong to PayPal https://t.co/pKN0w5SfKB — m...