{"id":10602,"date":"2024-01-28T11:52:01","date_gmt":"2024-01-28T11:52:01","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=10602"},"modified":"2024-01-28T11:52:40","modified_gmt":"2024-01-28T11:52:40","slug":"does-monero-have-connection-with-the-vastaamo-hack","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/does-monero-have-connection-with-the-vastaamo-hack\/","title":{"rendered":"Does Monero Have Connection With The Vastaamo Hack?"},"content":{"rendered":"
Finland’s National Bureau of Investigation is pursuing Monero transactions in connection with the Vastaamo hack and related ransom demand allegedly carried out by Julius Aleksanteri Kivim\u00e4ki. Kivim\u00e4ki is accused of hacking into the database of a mental health firm and demanding a ransom in cryptocurrency.<\/div>\n

You might like: Sui \u2018s New Partnership Excitement<\/em><\/strong><\/span><\/a><\/p><\/blockquote>\n

Prosecutors have found new evidence of cryptocurrency traces to Kivim\u00e4ki’s bank account. In October 2022, Kivim\u00e4ki demanded 40 Bitcoins worth 450,000 euros in exchange for Vastaamo not publishing the records of more than 33,000 patients. If the demanded ransom was not paid, individual patients were allegedly targeted.<\/p>\n

Finnish police obtained data proving that Kivim\u00e4ki sent the Bitcoin payments he received to an exchange that did not follow KYC guidelines, exchanged them for Monero and transferred them to a private Monero wallet. These funds then appear to have been moved to other Bitcoin wallets through Binance.<\/div>\n
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\"Vastaamo\"<\/p>\n

<\/div>\n
Monero is known for its strong privacy features and claims to be untraceable. Technologies such as Ring Confidential Transactions (RingCT) and ring signatures anonymize users’ transactions. Monero creates a unique address for each transaction, making it difficult to trace transactions.<\/div>\n
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This incident also raises questions about the use of anonymous cryptocurrencies. For example, Eric Woerth, chairman of the Finance Committee of the French National Assembly, has proposed banning cryptocurrencies that anonymize users. The US Internal Revenue Service has also offered a $625,000<\/strong> reward for cracking privacy coins in 2020. Previous research shows that blockchain analytics techniques can track transactions with privacy coins.<\/p>\n

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Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0Telegram<\/strong><\/a>,\u00a0YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a> for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Finland’s National Bureau of Investigation is pursuing Monero transactions in connection with the Vastaamo hack and related ransom demand allegedly carried out by Julius Aleksanteri Kivim\u00e4ki. Kivim\u00e4ki is accused of hacking into the database of a mental health firm and demanding a ransom in cryptocurrency. You might like: Sui \u2018s New Partnership Excitement Prosecutors have<\/p>\n","protected":false},"author":1,"featured_media":10603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[58,3973,3974,357,2386,3972,3971],"class_list":["post-10602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cryptocurrency","tag-eric-woerth","tag-kivimaki","tag-kyc","tag-monero","tag-ringct","tag-vastaamo"],"yoast_head":"\nDoes Monero Have Connection With The Vastaamo Hack? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Finland's National Bureau of Investigation is pursuing Monero transactions in connection with the Vastaamo hack.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/does-monero-have-connection-with-the-vastaamo-hack\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Does Monero Have Connection With The Vastaamo Hack? 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