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Here We Go Again: JBS “Paid” “Russian” “Hackers” $11 Million In Bitcoin To Resolve “Ransomware” Attack

Tyler Durden
June 10th, 2021
ZeroHedge
Comments (4)

This article was originally published by Tyler Durden at ZeroHedge.

There was a moment of sheer hilarity earlier today when, during a Congressional Hearing, the CEO of Colonial Pipeline Joseph Blount took the merely farcical episode of the Colonial Pipeline ransomware hack – when, as a reminder, a ragtag band of elite “Russian” hackers somehow managed to penetrate the company’s cyber defenses but was so stupid it left most if not all of the $4.4 million bitcoins it demanded in ransom in an easily traceable address for the FBI to track down and magically confiscate (it is still unclear how the Feds got the private key to access the “hackers” digital wallet) in days if not hours – and elevated it to a level of sheer ridiculous absurdity when he told Congress that he didn’t consult the FBI before paying the ransom.

This, pardon the parlance of our times, is complete bullshit: either the CEO is lying or, worse, he is telling the truth and as some have speculated, he, the FBI, and the “hackers” are all in on this so-called ransomware breach…

… a scenario which for now is yet another “conspiracy theory” and which we expect will become proven fact in the usual 6-9 months.

Yet just a few hours later, the exact same ridiculous narrative meant to achieve just one thing – tarnish the reputation of bitcoin further to the point where the US has to ban it – has struck again, and according to the WSJ last week’s big hack, that of food processing giant JBS, was also resolved when the company paid $11 million – in bitcoin of course because in this day and age one can’t simply dump a suitcase full of cash or send a wire transfer to an incognito account – as ransom to the criminals (who will naturally soon be unveiled as Russians because of course) responsible for the cyberattack that halted the company’s operations.

Yes, if this story seems identical to that of Colonial Pipeline, up to and almost matching the demanded ransom amount, it’s because it is: so barren is the imagination of the administration’s narrative writers that they can only regurgitate the same old story over and over.

Naturally, and just like in the Colonial “hack”, the ransom payment, in bitcoin, was made to shield JBS meat plants from further disruption and to limit the potential impact on restaurants, grocery stores, and farmers that rely on JBS, said Andre Nogueira, chief executive of Brazilian meat company JBS SA’s U.S. division.

“It was very painful to pay the criminals, but we did the right thing for our customers,“ Nogueira said Wednesday. It remains to be seen if the JDS CEO, like his Colonial colleague, promptly transferred the bitcoin to the FBI’s hackers’ digital wallet without advising the FBI (first for the simple reason that the FBI already knew the crypto was inbound?)

The latest “shocking” attack on JBS has been part of a wave of bizarre incursions using ransomware, in which companies are hit with demands for multimillion-dollar payments to regain control of their operating systems. Some questions that remain unanswered is how the hell do these multi-billion dollar companies not have the most basic virus/malware protection to prevent some outsider –  be it a 13-year-old kid living in his mom’s basement, some Ukrainian hacker, or the FBI – from getting access to the company’s entire infrastructure and locking out the company itself.  And then, this genius mastermind(s) is so stupid, they have no idea how to cover up their traces and promptly hand over the cash to the Feds.

Even more grotesque is that, as the WSJ notes, the attacks show how hackers have shifted from targeting data-rich companies such as retailers, banks, and insurers to essential-service providers such as hospitals, transport operators, and food companies. Because apparently instead of spending $29.95 on an anti-virus program, these various companies used the cash to buy back stonk.

According to the WSJ, the FBI last week attributed the JBS attack to REvil, a criminal ransomware gang, which of course comes from Russia, because – again – of course. Nogueira said that JBS and outside firms are conducting forensic analyses of its information-technology systems and that it isn’t yet clear how the attackers accessed JBS’s systems.

What is clear is that in just a few days these crack Russian cyber commandos will have a few dozen bitcoins less when the FBI which organized the entire farcical affair confiscates it all.

And speaking of farcical, it gets even worse, because unlike the Colonial “hack” where the company lost all control over its infrastructure, in the case of the JBS hack, Nogueira said that the company maintains secondary backups of all its data, which are encrypted. Here things get downright surreal: according to the official narrative, the company brought back operations at its plants using those backup systems, but “JBS’s technology experts cautioned the company that there was no guarantee that the hackers wouldn’t find another way to strike, and JBS’s consultants continued negotiating with the attackers.”

So even though the company had regained control, it decided to… pay the hackers?

“We didn’t think we could take this type of risk that something could go wrong in our recovery process,” Nogueira said of the decision to pay the attackers. “It was insurance to protect our customers.”

Ah, yes. All for the customers.

Meanwhile here comes yet another hearing led by that crusader for governmental uber-regulation of everything, Liz Warren, who will demand even more crackdown on bitcoin because – you see – none of this would have happened if bitcoin did not exist.

Though maybe this idiotic narrative, which is so transparent those who conceived it should be ashamed, is no longer working because unlike in the case of the Colonial pipeline when news of the ransomware hack spread hammered bitcoin over fears of reprisals, this time the crypto sector has barely budged as even the weakest hands can’t believe just how stupid the official government narrative has become.

To this, the only possible conclusion is that yes, they really do think you are that stupid.

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    Author: Tyler Durden
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    Date: June 10th, 2021
    Website: https://www.zerohedge.com

    Copyright Information: This content has been contributed to SHTFplan by a third-party or has been republished with permission from the author. Please contact the author directly for republishing information.

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    4 Comments...

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    1. Anonymous says:

      I don’t get Bitcoin…

      • Anonymous says:

        Bitcoin was intended to be a decentralized currency. Something completely out of the hands and control of governments, world powers, and their manipulation. Other cryptos have popped up as well with their own use cases. Bitcoin is currently trading at 41k dollars per coin. It was less than 5k under 12 months ago and reached an all time high of 61k dollars per coin. Just a few years ago you could buy a handful of them for a few dollars. 1 person traded bitcoin for 2 pizzas from Papa Johns. At todays value that would be worth just north of 400 Million dollars. Governments such as China have just banned bitcoin. They will be coming out with their own digital currency. I’m sure the USA and the non federal reserve would also like to ban crypto. It’s contributing to global warming according to Democrat Elizabeth Warren and needs to be shutdown. She also would like a US digital coin though.

    2. Jocko says:

      Computers will eventually be the end of us all. This is just the beginning.

    3. Jerry rig says:

      These hacks stink to high heaven. So many things talked about by the news folks who don’t understand anything about computers. Payroll and whatnot was the only thing that got hacked. Companies have outsource backups for everything. And no one leaves Bitcoin sitting on an exchange to be found if they’re super hackers. Over blowing this story makes my hackles go up.

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