Payza now supports additional 50 Bitcoin alternatives

Big update of worldwide payment processor
22 June 2017   2448
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

A well-known payment processor, Payza, today announced that 50 different Bitcoin alternatives are now added to its Cryptocurrency Exchange.

Now Payza allows verified users, through their e-wallets, to exchange their Ethereum, Ripple, Litecoin, Dash, Monero, Zcash and other cryptocurrencies into US dollars which can be sent to their prepaid cards.

According to official website, Payza has over 9 million clients in 197 countries and 21 different currencies. It includes support of e-commerce processing, corporate disbursements and remittances.

Full Bitcoin support by Payza was announced last month. Now customers are able to buy and sell Bitcoin, merchants can accept Bitcoin as a payment option, and all verified Payza account holders can have Bitcoin within their e-wallets.

The company has big plans to provide a one-step cryptocurrency loading option. This allows clients to load their prepaid cards from Bitcoin or altcoin exchanges in just one action.

Payza began limited bitcoin support for 190 countries in 2014. It became more popular when Charlie Shrem, a popular Bitcoin enthusiast who was sentenced to two years in prison for funneling bitcoins to Silk Road, consulted the company how to integrate bitcoin while he was under house arrest.

According to the mass media, Firoz Patel, Payza’s CEO commented that Payza is committed to providing its members with a complete online payments and e-commerce solution.

Ryuk Ransomware Team to Get 705 BTC

CrowdStrike and McAfee believes the program was created and supported by Russians
15 January 2019   97

In less than six months, hackers got 705 bitcoins through Ryuk ransomware, reports The Block.

Until recently, the group of hackers GRIM SPIDER behind Ryuk was supposed to be operating from North Korea. However, according to the companies CrowdStrike and McAfee, the program was created and supported by Russian hackers.

Ryuk is distributed via email-phishing, where the TrickBot Trojan is involved. The main objectives of the ransomware program are large companies and government organizations. Ryuk blocks the victims' hard drives until they pay the ransom. The amount of the latter often depends on the size and significance of the organization.

The program is "famous" for the impressive amounts of required buybacks:

To date, the lowest observed ransom was for 1.7 BTC and the highest was for 99 BTC. With 52 known transactions spread across 37 BTC addresses (as of this writing), GRIM SPIDER has made 705.80 BTC, which has a current value of $3.7 million. With the recent decline in BTC to USD value, it is likely GRIM SPIDER has netted more.
 

CrowdStrike

705 bitcoins at the current exchange rate is about $ 2.6 million.