RANSOMWARE impact

[Russlenat]

they used bitcoin as mode of payment for the ransom because bitcoin is untraceable.
i think this not gonna affect on bitcoin. the value of bitcoin now is still increasing.
i hope that this ransomware not gonna affect also in my computer.

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[BCEmporium]

they used bitcoin as mode of payment for the ransom because bitcoin is untraceable.

This is a total mistake on how bitcoin works, in fact bitcoin is publicly transparent and easily traceable. Each coin can be traced back to the exact moment it was created.
You can even create a monitor on someone's account by simply throw a satoshi on it and see where that satoshi goes.
The "issue" comes with mixers, mixers are no more than what those people using bums for withdraw with fake cards do. The simplest approach to it is to taint mixed coins, so instead of "laundry" your money there you actually "make it dirty".

[Russlenat]

they used bitcoin as mode of payment for the ransom because bitcoin is untraceable.

This is a total mistake on how bitcoin works, in fact bitcoin is publicly transparent and easily traceable. Each coin can be traced back to the exact moment it was created.
You can even create a monitor on someone's account by simply throw a satoshi on it and see where that satoshi goes.
The "issue" comes with mixers, mixers are no more than what those people using bums for withdraw with fake cards do. The simplest approach to it is to taint mixed coins, so instead of "laundry" your money there you actually "make it dirty".

ain't see that coming! will thank you for this info.

if is it transparent! are this Ransomware Group are already in jail?
because they have more ransom to come in their pocket if they are not trace by the NBI.

[BCEmporium]

You can see who paid for the known addresses, when they move the coins you can keep on their track.
Eventually they will surface at a legit market.
The key event here is to get to know who used a mixer along the line. And make the users know that using a mixer is a suspicious action on itself, legit users shouldn't do that.
So, with some forensics and time you can get there. Unless the group is up to hold a fortune they can't move anywhere.

[Rajadurai]

Ransomware attacked more than 150 countries. I think these countries are ready to ban bitcoin transactions.In india RBI designed some rules but,not yet published.This issue RBI will ban bitcoin soon.

[BCEmporium]

That's just stupid and prevents nothing. Actually you will increase its darker uses, the commodity will not loose a cent of its value because some central bank believe itself to be god-like. You can't stop the wind with your hands, nor does any central bank. In a sense that's like trying to forbid money or gold because people use it to buy guns, drugs or whatever.
Better base it on the legit market, so users can opt-in for coupe with some regulation instead.

And to the very end, not only ransomware is way older than bitcoin, as if your technical knowledge of it is limited to "OMG! Forbid it!", than bitcoin and ransomware are the least of your problems. You know this virus will not infect anything without a local network user intervention, right?

[MissGrey]

The people tend to be ignorant, if already a lot of people think in criminals or hackers when they see the word Bitcoin, now they will think it a lot more. They do not even think that Bitcoin is the currency of much people. Is it so sad their ignorance.

[gordoh]

With all the problems this Ransomware has caused, it has given Bitcoin a lot of exposure. Yes its in a bad light but we all know there is no such thing as bad exposure. the last 5 days I have heard the word Bitcoin on radio and TV more than ever before. A lot of people who don't know about it are now asking questions and doing research. Its growing in popularity especially in developing countries where its not so well known.

[arwin100]

With all the problems this Ransomware has caused, it has given Bitcoin a lot of exposure. Yes its in a bad light but we all know there is no such thing as bad exposure. the last 5 days I have heard the word Bitcoin on radio and TV more than ever before. A lot of people who don't know about it are now asking questions and doing research. Its growing in popularity especially in developing countries where its not so well known.

People might really think on what bitcoin is since it has been used as ransom payments for the hackers maybe some poeple would reasearch about it. But im wondering on how does this attack would affect to those powerfull minds nor in authority. I think it has giod effect and bad effect since at the first place bitcoin has been used again as blood money for their bad acts. Lets hope bitcoins adoption will not be hit and would get more bad image for this incident.

[coynedterm]

I think the bitcoin will fall because of RANSOMWARE,it is impossible/Difficult to track who did this and in futur Bitcoins will be considered as a motivation mean for such act

I don't think that will fall because of ransomware because Bitcoin is most safe money in the Internet market where no one can Beat car security system because the security of Bitcoins like military .
System programming of Bitcoin working up on the algorithm sha256 , And also there are many altvoins which are based upon the Sha algorithm , so they can use another altcoins also .
Well here Bitcoin is currently in the trend to use Bitcoin in online easily , so they are using Bitcoin only , here a strange report came from the medea that most.of the people can't send Bitcoin to the ransomeware attack because they don't know about Bitcoin .
So here I think is bitcoin has a better opportunity to become famous again to the Ransomeware attack .

[xianbits]

I would agree that though this is an illegal activity, it will somehow help bitcoin to be more known to others and thus could have a positive response in terms of its price. It is sad that owning bitcoin has come this far - that someone has to make this ransomware to earn significant amount of bitcoin.

[ekoice]

Nah, the mainstream media has made surprisingly little mention of Bitcoin in their reporting of the ransomware attacks and it doesn't matter - it's just another crime that people can commit with Bitcoin if they want to.

Bitcoin isn't even the best thing to use for these attacks - Monero and other anonymous alts would ultimately be much better choices.

If anything, the price will go up because of people buying Bitcoin to pay their ransoms   

I agree with the fact that the media has made little mention of bitcoins, but the media is something and security stuff is other thing.
 the price will go up instantly but when this end Government will begin take serious decisions about bitcoin and its users/holders 

Yes,the media has mentioned only a little about bitcoins.

Already,bitcoin is blamed as it is mostly used for illegal purposes.Bitcoin getting attention is good,but getting attention in such crimes is not good for bitcoin progress.

[allthebitandbobs]

You can see who paid for the known addresses, when they move the coins you can keep on their track.
Eventually they will surface at a legit market.
The key event here is to get to know who used a mixer along the line. And make the users know that using a mixer is a suspicious action on itself, legit users shouldn't do that.
So, with some forensics and time you can get there. Unless the group is up to hold a fortune they can't move anywhere.

if there smart they keep exchaging  between bitcoin and altcoins for  a LONG ASS TIME .Then it time to get cash out do it with westen union with a fake   id .we thinks still even if they do all that unless they get some goverment  help cough cough Russia/Urkaine there be caught eventually .They always make a mistake somewhere

[Agrello]

Interesting article on the topic:
https://cryptoinsider.com/wannacry-ransomware-attack-warns-cyberspace-risks/

I thought the same but as mentioned the issue here is not bitcoin, so it would be a waste of time to try and halt Bitcoins movement to halt such attacks. I mean the last i checked they had made $20,000 from the attacks, which is minimal compared to the billions banks in Germany, UK and other western countries helped launder for Russian Criminals. And that is just one case, Dollars and banking systems have done a lot more to hurt people than Bitcoin. I mean you can look into phone operations where they call old people and get them to send money to people using MoneyGram or WesternUnion that operate on cash. Noone in such situations blamed the banking system, cash itself or anything else. I dont see why it should be different here.

[Kprawn]

I would agree that though this is an illegal activity, it will somehow help bitcoin to be more known to others and thus could have a positive response in terms of its price. It is sad that owning bitcoin has come this far - that someone has to make this ransomware to earn significant amount of bitcoin.

This is not sad, just a phase in a technology that has to happen. In the beginning the internet was seen as a place where only paedophiles and

money launderers operated... {That was what the media said back then} Look at where the internet has grown since then... No financial system

can operate without it.... and this will happen to Bitcoin too... or with other Crypto currencies. They use Bitcoin because it is the most widely

used... but other Alt coins is more anonymous... and they might move over to that, if people start using these Alt coins. 

[dave3]

I first remember hearing about bitcoin, at least enough to get me to actually look into it, back in 2012 because of a Linode bitcoin hack.

Maybe some people will look into bitcoin because of this, now.

[GetClams.com]

I first remember hearing about bitcoin, at least enough to get me to actually look into it, back in 2012 because of a Linode bitcoin hack.

Maybe some people will look into bitcoin because of this, now.

Many many people will. And they will see that bitcoin is not evil. They will see many positives about it so this is very good kin the long run.

[unisilver]

I was victim of ransomware before and receive the same as this in notepad always popup when restarting the computer



the issue before when found an antivirus that has ransomware decryptor from kaspersky before and all my files was recover but the popup notes are still not gone so i decided to format my laptop for safety since i have my own backup..

This is why a big issue about ransomware that until now not solve..

how did you manage to recover your files mate?
did you just paid them what they are demanding?

[Xester]

I think the bitcoin will fall because of RANSOMWARE,it is impossible/Difficult to track who did this and in futur Bitcoins will be considered as a motivation mean for such act

I am afraid bitcoin is already on the edge of its existence. Aside from the multiple spam attacks that caused hundreds of thousands of transaction pending in the mempool while the consensus was far from being reached, bitcoin is breaking. Coupled with the ransomware attacks that placed bitcoin to a corner and was being called a hackers money it is only a matter of time before it will be replaced by other cryptocurrency if the problems get worse.

[wuvdoll]

I was victim of ransomware before and receive the same as this in notepad always popup when restarting the computer

[im g]https://i.imgur.com/eQfArdh.png[/img]

the issue before when found an antivirus that has ransomware decryptor from kaspersky before and all my files was recover but the popup notes are still not gone so i decided to format my laptop for safety since i have my own backup..

This is why a big issue about ransomware that until now not solve..

how did you manage to recover your files mate?
did you just paid them what they are demanding?

To by pass ransomware, you need to connect your harddisk into another computer so that you can back up all your important files (wallet files/saved password/seeds). After back up, formatting the hard disk and re-installing new OS might save you from paying for ransomware. But it may need 3 to 5 hours of work and you must need another desktop for back up.