US DOJ Seizes $22M in Bitcoin From a Man Participating in Ransomware Attacks

The American authorities sentenced Sebastien Vachon-Desjardins to spend 20 years in federal prison. The US Department of Justice confiscated 719 bitcoins from the 35-year-old Canadian – Sebastien Vachon-Desjardins – for participating in the NetWalker ransomware attacks. At the time of the seizure, the amount of cryptocurrency equaled nearly $22 million.

According to a recent announcement, Vachon-Desjardins was involved in a sophisticated type of ransomware known as NetWalker. The malicious software targeted victims all over the globe, including firms, emergency services, colleges, and universities. It is worth noting that the attacks’ main focus was on the healthcare sector during the COVID-19 pandemic. As a result of the investigation, the US DOJ seized $742,840 in Canadian dollars and 719 BTC. At the time of the confiscation, the cryptocurrency equaled $21.8 million, while its today’s value is $14.4 million.

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