Crypto Pirates

The State Department Is Offering Cryptocurrency Reward for Identifying Hackers


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The state department is offering up to 10 million dollars in digital currency incentives to hackers who purportedly assist them in gathering information on bad actors.

The State Department Is Paying Those Who Can Identify Criminals

Cyberattacks have risen in prominence in recent months, with breaches like the one involving the Poly Network draining accounts of more than $600 million. While the majority of the money has been recovered and the hacker appears to be a little "nicer" than previously believed, the truth remains that the crypto sector and several other industries are vulnerable, and regulators are looking for a means to prevent such bad instances.

In a recent interview, a state department spokesman described the branch's thinking:

There is a great deal of enthusiasm inside our programme because we are constantly pushing the envelope in order to reach audiences, sources, and individuals who may have information that might help strengthen our national security. Perhaps it has been nerve-wracking for some government departments, but we will continue to press forwards in a variety of ways.

Various members of the Biden administration have stated in recent months that hackers from China and Russia are responsible for hacking into US departments and corporations. They feel that the only way to prevent future attacks of this nature is to employ the exact people they have been indoctrinated to fear. These professionals – as a result of their cyber backgrounds – understand how to locate bugs and open doors, and hence have the expertise necessary to resolve these issues.

A second state department official, who declined to go on the record, explained:

Something on the dark web that provides complete anonymity while also providing some level of security is probably more appropriate for those individuals; therefore, I believe that finding people where they are and reaching them through the technology with which they are most comfortable is the goal of Rewards for Justice.

At the moment, the initiative is paying up to $10 million in digital rewards to anyone who assists in locating or identifying state hackers who have hacked the American water system, electricity grids, or transportation system. However, a separate $25 million cryptocurrency prise is being offered to anyone who can locate senior members of terrorist organisations such as Al Qaeda.

Are You Attempting to Keep America Safe?

The first state department official emphasised that all of this is part of the present administration's plan to safeguard the nation and its citizens:

We've been working on this for quite some time, and the timing was ideal, since critical infrastructure and ransomware were at the top of the news cycle, so to speak, and a huge source of concern for the US government.

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