US Court Seizes XRP and Bitcoin Portfolios Worth $8.3 Million From Cyber Negotiator

utoday07-19 10:30

The cybersecurity industry has faced a remarkable case as, instead of protecting corporate wallets, professional negotiator Angelo Martino became an architect of hacker ransom schemes himself. The U.S...

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The court ordered the forfeiture of two luxury residential properties, premium vehicles, and motorboats that the former negotiator used while taking breaks from his illicit dealings.A million-dollar schemeHow did Martino manage to accumulate such volumes of XRP and Bitcoin right under regulators' noses? The answer lies in a cynical double game.Large companies hired him as a senior executive during their most critical moments, when hackers linked to the BlackCat, also known as ALPHV, ransomware group encrypted corporate networks and demanded millions of dollars in exchange for decryption keys. Martino was supposed to act as a shield by negotiating down the price and arranging the secure transfer of cryptocurrency.Instead, he turned the negotiations into an insider auction. The \"diplomat\" secretly leaked information to the hackers about his clients' actual budgets and the limits of their insurance policies. Knowing the victims' exact financial capacity, BlackCat could dictate tougher terms, while Martino received a fixed percentage in BTC and XRP for assisting with the extortion.Over time, he became so deeply involved that he turned into a full participant in the attacks.The double game ended in a predictable collapse. Martino was convicted and sentenced to 70 months in federal prison, while the latest court-ordered forfeiture of more than $8.3 million has effectively eliminated the financial foundation of his \"business.\"","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2652845298","isCrawlerRequest":true}