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- Sodinokibi Ransomware scammers have started accepting Monero cryptocurrency instead of Bitcoin to hide money trail by the law enforcement agencies.
- The regulators of Sodinokibi announced that they will not accept any BItcoin payments and will remove Bitcoin as an accepted payment method.
- The Sodinokibi operators also offer a handsome discount to the companies that will help their targets in paying the ransom.
Sodinokibi Ransomware scammers have started accepting Monero cryptocurrency instead of Bitcoin to hide money trail by the law enforcement agencies. As per the gang’s strategy, they are avoiding Bitcoin payments in the future.
Transactions in Monero crypto scheme are anonymous
By the utilization of the Tor anonymized network for making Monero payments, it is impossible to track the funds. The transactions in the Monero crypto scheme are anonymous due to the CryptoNote application layer protocol.
The regulators of Sodinokibi announced that they will not accept any BItcoin payments and will remove Bitcoin as an accepted payment method. They added that the victims, as well as the other interested parties, need to get knowledge about the exclusive cryptocurrency.
To avoid the usage of Bitcoin, the scammers raised the Bitcoin ransom amount by 10% concerning Monero ones. The Sodinokibi operators also offer a handsome discount to the companies that will help their targets in paying the ransom.
The Sodinokibi offers the companies a significant discount
However, the victims make payments to those companies that assist them in regaining their data. If possible, they also help the victims to contact the ransomware gang to pay for the expositor. These companies are offered a significant discount by the Sodinokibi that must be the sum with their fees.
The ransomware operators stated, those companies that assist the victims in adopting their decryptor will be paid a significant percentage of discounts of the ransom. To start working with Sodinokibi, one must have to introduce himself in a chat as its collaboration is completely anonymous. The information about the partners is completely hidden.
The ransomware operators have already started to remove Bitcoin by making Monero as a default payment currency.
