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‘FBI pwned me’: Lockbit cybercrime gang faces global takedown with indictments and arrests — 200 crypto wallets frozen, 11000 domains seized, 14000 rouge accounts closed (www.reuters.com)

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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‘FBI pwned me’: Lockbit cybercrime gang faces global takedown with indictments and arrests — 200 crypto wallets frozen, 11000 domains seized, 14000 rouge accounts closed::An international law enforcement operation led by Britain's National Crime Agency and the FBI has arrested and indicted members of the Lockbit ransomware gang, in an unprecedented police operation that has struck one of the world's most notorious cybercrime gangs.

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[–] JohnEdwa@sopuli.xyz 4 points 8 months ago* (last edited 8 months ago)

It's not untraceable when your addresses are public so people can send you money, and if you want to exchange it for dollars you have to sell it somewhere - usually people even keep it on a public exchange which completely voids all of the benefits.
Kinda like having a VPN where you publicly advertise what IP you use, what sites you visit, and keep a list of it all on your PC that the police get when they raid your home.

VPN gives you privacy, and crypto is untraceable and cannot be frozen, but only if they are used right.