Express

IT Software Provider Kaseya Denies Paying $70 Million Bitcoin Ransom

Amy Liu

Summary: IT software provider Kaseya was crippled by an attack attributed to Russia-based hacking group REvil. The ransomware compromised the software and removed the clients' administrator access. REvil demanded $70 million in Bitcoin to restore normal operations. Last week, the company said it had obtained a decryptor key after a ransomware attack, leading to speculation that ...

IT software provider Kaseya was crippled by an attack attributed to Russia-based hacking group REvil. The ransomware compromised the software and removed the clients' administrator access. REvil demanded $70 million in Bitcoin to restore normal operations. Last week, the company said it had obtained a decryptor key after a ransomware attack, leading to speculation that it had paid the $70 million ransom.

Kaseya said on Monday, "We are confirming in no uncertain terms that Kaseya did not pay a ransom—either directly or indirectly through a third party—to obtain the decryptor". 

By Amy Liu

Last Update:

Tags: ,,
Link: IT Software Provider Kaseya Denies Paying $70 Million Bitcoin Ransom   [Copy]
  • The Road to 2026: Where Is the Web3 Ecosystem Heading Next? 19 days ago
  • Vishwa Advances Agentic Infrastructure Research Through Contribution to Emerging Framew... November 22, 2025
  • BitMart US Launches Operations with 49-State Licensing and Zero-Fee Program November 17, 2025
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift October 30, 2025
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING October 29, 2025
  • You need to login to comment.